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897 8 Mississauga,ON L5E 1R3 — Photo 1
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Single Family Detached · Listed 34 days ago

897 8 Mississauga,ON L5E 1R3

Mississauga, ON, Canada

3 Beds2 Baths1,500–1,500 sqft2022 Built

List price

$1,749,000

Why This Property?

Approved severance opportunity in Lakeview on two 35 x 146 ft lots. The site is positioned for approximately 3,500 sq. ft. above-grade custom detached homes on each lot, offering flexibility for build-and-sell, build-and-hold, or joint venture in Mississauga’s lakefront growth corridor.

Facts & Features

Highlights

  • waterfront

Bedrooms & bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full: 2
  • Half: 0

Living Area

  • 1,500–1,500 sqft

Stories

Lot size

  • 0.526 acres

Year built

  • 2022

Property type

  • Single Family Detached

Standard status

  • Active

Cooling

Heating

View

    Utilities

      Water / Sewer

      About This Property

      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 fromWaterfront 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.

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      Listing Broker

      CITYSCAPE REAL ESTATE LTD.

      MLS® TRREB · Listing #W13593022

      Frequently Asked Questions

      Everything you need to know about valuing and buying with RealOrca.

      What makes this Lakeview property distinct from a typical resale home?
      It is a fully approved severance into two lots, reducing entitlement risk and allowing custom new-build planning on each parcel.
      What local amenities and transit context matter here?
      Lakeview is tied to waterfront parks and trails, the Lakeview Village redevelopment, Cawthra Park Secondary School, and nearby GO access through Port Credit or Long Branch.
      What should buyers know about purchasing a single family detached home in Mississauga?
      Buyers should compare neighbourhoods based on commute, schools, lot sizes, and the age of the home. In Mississauga, detached homes range from established properties in mature communities to newer homes in more recently developed areas. It is also helpful to review local zoning, future transit plans, and the condition of major systems such as the roof, windows, plumbing, and electrical before making an offer.
      Which Mississauga neighbourhoods are popular for single family detached homes?
      Mississauga offers several well-known areas for detached homes. Erin Mills and Meadowvale are often chosen for their family-friendly feel and access to parks, schools, and community amenities. Rathwood is known for established streetscapes and convenient access across the city. Port Credit appeals to buyers who want a waterfront lifestyle, while Mineola and Lorne Park are recognized for larger homes and prestigious residential settings.
      What types of features are common in single family detached homes in Mississauga?
      Common features include private yards, driveways, garages, multiple bedrooms, and finished basements. In more established neighbourhoods, buyers may find larger lots, mature trees, and traditional layouts. In other parts of the city, detached homes may offer updated interiors, open-concept living spaces, home offices, and modern family-oriented designs. Features can vary widely depending on the neighbourhood and the age of the property.
      How is transit and commuting for homeowners in Mississauga?
      Mississauga is well connected for commuters through MiWay bus service, GO Transit stations such as Port Credit GO and Meadowvale GO, and major road networks. The Hurontario LRT is expected to further improve north-south travel. Buyers considering a detached home often look at how close a neighbourhood is to transit, highways, and employment hubs, especially if daily commuting is a priority.