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For saleMLS® W13593022

897 Eighth Street, Mississauga, ON L5E 1R3

Lakeview · L5E 1R3

$1,749,000

$1,590 / sq ft

3 months on market

Bedrooms
3
Bathrooms
2
Interior
1,100 sf
Parking
5
Lot
70.1 × 146.29 ft
Age
51-99 years

What's special

  • Attached garage
  • Basement apartment
  • Carpet free
  • Primary bedroom - main floor
  • Storage area lockers
  • Ventilation system
  • Water heater owned
  • Water meter

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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 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.

Rooms

6 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
Living RoomMain4.57 × 4.93 m15.0 × 16.2 ft—
Dining RoomMain2.46 × 3.15 m8.1 × 10.3 ft—
KitchenMain3.84 × 3.00 m12.6 × 9.8 ft—
Primary BedroomMain4.27 × 3.12 m14.0 × 10.2 ft—
Bedroom 2Main3.73 × 3.58 m12.2 × 11.7 ft—
Bedroom 3Main2.95 × 3.71 m9.7 × 12.2 ft—

Features

  • Carpet Free
  • Primary Bedroom - Main Floor
  • Storage Area Lockers
  • Ventilation System
  • Water Heater Owned
  • Water Meter

Property details

Property

Property type
detached
Bedrooms
3
Bathrooms
2
Interior size
1,100 sq ft
Year built
51-99
Lot size
70.1 × 146.29 ft
Possession
Immediate

Interior

Basement
Apartment, Separate Entrance
Heating
Forced Air · Gas
Exposure
North

Exterior & services

Construction
Brick
Garage
Attached
Parking spaces
5
Sewer
Sewer

Costs

List price
$1,749,000
Property taxes
$6,951 / year (2025)
Price per sq ft
$1,590

Listing

MLS® number
W13593022
Status
For sale
Listed
July 22, 2026
Days on market
106
Last updated
September 10, 2026
Listing brokerage
CITYSCAPE REAL ESTATE LTD.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 60% of comparable detached listings in Lakeview are asking less.

$799KMedian $1.49M$2.80M
This home
$1,590 / sq ft
Comparable median
$938 / sq ft

Based on 62 comparable active detached listings in Lakeview. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $349,800
$349,800
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$7,736.42
Property tax (est.)
$579.25
Estimated monthly
$8,316

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$31,455
Total due on closing
$31,455

An estimate on the asking price of $1,749,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of CITYSCAPE REAL ESTATE LTD.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$1,749,000

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