897 Eighth Street, Mississauga (Lakeview), Ontario L5E1R3
Listing courtesy of CITYSCAPE REAL ESTATE LTD..
- $1,749,000
- 3
- BD
- 2
- BA
- List Price
- $1,749,000
- Price Change
- ▼ $200,500 1789071492
- MLS®
- W13593022
- Days on Market
- 65
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Single Family
- Bedrooms
- 3
- Bathrooms
- 2
- Lot Size Dimensions
- 70.1 x 146.3 FT
- Subdivision
- Lakeview
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. (id:5764)
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Additional Information
- Ownership
- Freehold
- Garage
- Yes
- Subdivision
- Lakeview
- Parking Spaces
- 5
- Cooling
- Ventilation system, None
- Country
- Canada
- Sewer
- Sanitary sewer
- Heating
- Forced air, Natural gas
- Lot Features
- Carpet Free
- Architectural Style
- Bungalow
- Stories
- 1
