For Sale · MLS# W12834286
Active
$2,049,000
897 EIGHTH STREET
3Bedrooms 2Bathrooms 1,100Sq Ft

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About this home
Approved Severance | Prime Lakeview Development Opportunity Attention builders and strategic investors: this is a fully approved severance opportunity in one of Mississauga's most desirable lakefront growth corridors. The property has been severed into two 35 x 146 ft lots, each capable of supporting approximately 3,500 sq. ft. above-grade luxury detached homes. Why This Investment Makes Sense: Lakeview continues to experience strong luxury home absorption. Demand for new custom builds near the waterfront remains robust. Premium resale values for newly built 3,000-4,000 sq. ft. homes in the area. Approved severance significantly reduces entitlement risk and holding uncertainty. Flexible exit strategies: build & sell, build & hold, or joint venture .Projected builds can feature open-concept layouts, high ceilings, oversized windows, chef-inspired 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. With severance completed, much of the planning timeline risk has already been mitigated - allowing investors to focus on design optimization, cost control, and margin maximization. This is a high-demand micro-location with proven redevelopment momentum. (id:66036)
Property facts
- Property type
- House
- Building type
- House
- Living area
- 1,100 sqft
- Lot size
- 70.1 x 146.3 FT
- Lot frontage
- 70 ft ,1 in
- Lot depth
- 146 ft ,3 in
- Basement
- N/A, N/A
- Heating
- Natural gas Forced air
- Cooling
- None, Ventilation system
Listing courtesy of
CITYSCAPE REAL ESTATE LTD.
Listed by: MAHMOOD PASHA
Phone: (905) 241-2222
The trademarks REALTOR®, REALTORS® and MLS® are controlled by The Canadian Real Estate Association (CREA). Listing data via CREA DDF®.