Salehian.com 647-325-5000

897 Eighth Street

Lakeview, Mississauga, L5E 1R3

$1,749,000

Reduced $200,500 from $1,949,500

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  • 3 bedrooms
  • 2 bathrooms
  • 5 parking
  • 1100-1500 sq ft

Listed 90 days ago · MLS® W13593022

About this home

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.

Details

Type
Detached
Style
Bungalow
Age
51-99 years
Size
1100-1500 sq ft
Lot
70.1 × 146.29 ft
Basement
Apartment, Separate Entrance
Garage
Attached
Kitchens
1
Property tax
$6,951 (2025)
Neighbourhood
Lakeview
Municipality
Mississauga
Price per sq ft
$1,345 (62% above detached houses in Lakeview, $829)

Interior

Bedrooms
3 above ground
Bathrooms
1 × 4-piece (main), 1 × 3-piece (basement)
Rooms
6 above ground
Family room or den
No
Fireplace
No
Features
Carpet Free, Primary Bedroom - Main Floor, Storage Area Lockers, Ventilation System, Water Heater Owned, Water Meter

Heating, cooling and services

Heating
Forced Air, Gas
Water and sewer
Sewer

Building and exterior

Style
Bungalow
Exterior
Brick
Roof
Shingles
Foundation
Block
Age
51-99 years
Faces
North

Parking

Garage spaces
1
Total parking
5
Driveway and parking
Available

Lot

Size
70.1 × 146.29 ft

More

Possession
Immediate
Cross street
Eighth St and Northmount Ave

Rooms

RoomLevelSizeFeatures
Dining RoomMain2.46 × 3.15 m (8'1" × 10'4")
Bedroom 2Main3.73 × 3.58 m (12'3" × 11'9")
Bedroom 3Main2.95 × 3.71 m (9'8" × 12'2")
Living RoomMain4.57 × 4.93 m (15' × 16'2")
KitchenMain3.84 × 3 m (12'7" × 9'10")
Primary BedroomMain4.27 × 3.12 m (14' × 10'3")

History of this address

3 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Car-dependent

  • 🚆 Long Branch GO2.4 km

Within a 10-minute walk: no grocery stores, 1 cafés and restaurants, 4 parks. Nearest park: Cawthra Park (400 m).

Schools nearby

Elementary

  • Toronto French School - West Campus Private6 min walk
  • Queen of Heaven School Catholic
    EQAO: Gr 6 reading 97%, math 94%    9 min walk
  • St. Dominic's School Catholic
    EQAO: Gr 6 reading 97%, math 77%    18 min walk
  • Janet I. McDougald Public School
    EQAO: Gr 3 reading 61%, math 58%    1.2 km

Secondary

  • Allan A Martin Senior Public School4 min walk
  • Gordon Graydon Memorial Secondary School6 min walk
  • St. Paul Secondary School Catholic
    EQAO: Gr 9 math 72%, literacy test 89%    7 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L5E

Owners / renters
77% / 23%
Median household income
$98,000
Average age
44
Children under 15
15%
Homes
47% detached, 31% high-rise
Commute by transit
8%
Population
12,972

Languages spoken most at home besides English: Polish 2.5%, Portuguese 1.8%, Mandarin 1.2%, Russian 0.8%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Peel Region (Mississauga/Brampton) police: 59 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Development nearby

No planning applications within 500 m in the last five years.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To Union Station (downtown Toronto): 17 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence, with a City licence: not allowed in investment properties. Up to 180 nights a year, no more than 30 in a row.

City rules

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by CITYSCAPE REAL ESTATE LTD..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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