REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Ruth Pedrosa

ruth@rpdrealestate.com +1(416) 998-5478

$ 1,949,500

Est. payment | -/mo

3 Beds

2 Baths

Save

$ 1,949,500

Est. payment | -/mo

Save

3 Beds

2 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision Lakeview

MLS Listing ID W13593022

Style Bungalow

Bedrooms 3

Annual Tax Amount $6,951

Tax Year 2025

Property Sub-Type Detached

Property Description

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.

Location

Province ON

County Peel

Area Peel

Rooms

Family Room No

Basement Apartment, Separate Entrance

Kitchen 1

Interior

Interior Features Carpet Free, Primary Bedroom - Main Floor, Storage Area Lockers, Ventilation System, Water Heater Owned, Water Meter

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Available

Garage Spaces 1.0

Pool None

Roof Type Shingles

Lot Frontage 70.1

Lot Depth 146.29

Total Parking Spaces 5

Building

Building Age 51-99

Foundation Block

Others

ParcelsYN No

Listed by CITYSCAPE REAL ESTATE LTD.

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 998-5478

ruth@rpdrealestate.com

897 Eighth ST Mississauga, ON L5E 1R3

Ruth Pedrosa

Key Details

Location

Rooms

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

897 Eighth ST