897 Eighth Street, Mississauga - Listed at $1,949,500. | Modern Solution Realty

897 Eighth Street, Mississauga

897 Eighth Street in Mississauga - 3 bedroom, 2 bathroom. Listed at $1,949,500.

Approved Severance | Prime Lakeview Development Opportunity Attention builders and strategic investors: this is a fully approved severanceopportunity in one of Mississauga's most desirable lakefront growth corridors. The property has been severed into two 35 x 146 ft lots, eachcapable of supporting approximately 3,500 sq. ft. above-grade luxury detached homes. Why This Investment Makes Sense: Lakeview continuesto experience strong luxury home absorption. Demand for new custom builds near the waterfront remains robust. Premium resale values fornewly built 3,000-4,000 sq. ft. homes in the area. Approved severance significantly reduces entitlement risk and holding uncertainty. Flexible exitstrategies: build & sell, build & hold, or joint venture .Projected builds can feature open-concept layouts, high ceilings, oversized windows, chefinspired kitchens, luxury primary suites, and upscale finishes tailored to today's end-user expectations. Strategically located minutes from:Waterfront parks & marina; Port Credit amenities; QEW access (15-20 mins to downtown Toronto);Established schools & golf courses. Withseverance completed, much of the planning timeline risk has already been mitigated - allowing investors to focus on design optimization, costcontrol, and margin maximization. This is a high-demand micro-location with proven redevelopment momentum.

Property Details

  • Property Type: Mortgage
  • Style: Bungalow
  • Square Footage: 1300 sqft
  • Basement: Apartment
  • Heating: Gas
  • Cooling: None
  • Parking: 5 spaces
  • Property Taxes: $6,951/yr
  • Neighbourhood: Lakeview
  • Postal Code: L5E 1R3

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