Unknown for 897 Eighth St, Mississauga Ontario L5E 1R3
19 hours on Market

897 Eighth St, Mississauga, Ontario L5E 1R3

Detached
3
2
~1100-1500 sqft
$1,949,500
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Detached
3
2
~1100-1500 sqft

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Highlights

Property Estimate

Days on market19 hours

Estimated valueNot available

Price/Sqft$1,536/sqft

Monthly cost

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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.


Property Details

StyleBungalow
View-
Age of property51-99
SqFt~1100-1500 SqFt
Lot Size10,254 SqFt(146.29 x 70.1)
Parking Spaces5
MLS ®NumberW13593022
Community NameLakeview
Data SourceTRREB
Listing byCITYSCAPE REAL ESTATE LTD.

Features

Heating: Forced Air
Basement: Apartment, Sep Entrance

Main Floor

Dining

2.46 x 3.15

2nd Br

3.73 x 3.58

3rd Br

2.95 x 3.71

Living

4.57 x 4.93


Features

Lot size: 10,254 SqFt

Parking

Garage spaces 1

Garage type Attached

Other parking spaces 4

Total parking spaces 5


Property listed by CITYSCAPE REAL ESTATE LTD., Brokerage
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Market Data - Lakeview

Geo Zone Map ThumbnailLakeview

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

25 days

Compared to

2025

26 days

2024

20 days

2023

14 days

New Listings

Past 30 days

35 listings

Compared to

2025

46 listings

2024

45 listings

2023

36 listings

Units sold

Past 30 days

8 units

Compared to

2025

16 units

2024

16 units

2023

18 units

Median Sold Price

Past 30 days

$1,347,500

Compared to

2025

$1,257,500

2024

$1,250,000

2023

$1,367,500


Population and Demographics

Overview

Total population 20145
Average household income $162,967

Age (%)

0 to 19
20%
20 to 34
17%
35 to 49
21%
50 to 64
23%
65 and plus
19%

Household composition (%)

Single family
67%
Single person
29%
Multi person
4%
Multi family
1%

Mother tongue (%)

English
72%
Polish
6%
Portuguese
5%
Others
3%
Italian
3%
Spanish
2%
Mandarin
1%
Ukrainian
1%
Russian
1%
Tagalog (Pilipino, Filipino)
1%

House tenancy (%)

Owners
73%
Renters
27%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget