Detached House for sale at 897 Eighth Street, Mississauga, Ontario, L5E 1R3 - Lakeview - MLS: W12834286

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897 Eighth Street

Mississauga, Ontario, L5E 1R3 - Lakeview

$2,049,000

Neighbourhood

Lakeview
Major Intersection

Eighth St and Northmount Ave

Listed Since: 1 day(s)
Last update: today

Overview

Property Type

Detached, Bungalow
Bedrooms

3
Bathrooms

2
Basement

Apartment + Sep Entrance
Kitchen

1
Total Parking

5 (1 Attached Garage)
Lot Size

70.1x146.29 (Feet)
Taxes

$6,951.00 (2025)
Type

Freehold

Property Description

Property description for 897 Eighth Street, Mississauga

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.

Listed by CITYSCAPE REAL ESTATE LTD.

Property details

MLS #

W12834286
Sq. Ft

1100-1500
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

51-99
Pool

None
Drive

Available
Garage

Attached, 1 spaces
Total Parking

5
Family Room

N
Den

N
Exterior

Brick
Fireplace

N
Roof

Shingles
Foundation

Block
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

None
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

W12834286
Sq. Ft

1100-1500
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

51-99
Pool

None
Drive

Available
Garage

Attached, 1 spaces
Total Parking

5
Family Room

N
Den

N
Exterior

Brick
Fireplace

N
Roof

Shingles
Foundation

Block
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

None
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Living

4.57 x 4.93 ft Main level
Dining

2.46 x 3.15 ft Main level
Kitchen

3.84 x 3.0 ft Main level
Primary

4.27 x 3.12 ft Main level
2nd Br

3.73 x 3.58 ft Main level
3rd Br

2.95 x 3.71 ft Main level

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 897 Eighth Street, Mississauga

This property has been sold 1 time before. Create your free account to explore sold prices, detailed property history, and more insider data.

Local Real Estate Price Trends for Detached in Lakeview

Active listings

Average Selling Price of a Detached

February 2026

$1,432,302

Last 3 Months

$1,508,134

Last 12 Months

$1,451,436

February 2025

$1,697,227

Last 3 Months LY

$1,586,877

Last 12 Months LY

$1,501,714

Change

-16%

Change

-5%

Change

-3%

Historical Average Selling Price of a Detached in Lakeview

Average Selling Price

3 years ago

$1,451,923

Average Selling Price

5 years ago

$1,544,437

Average Selling Price

10 years ago

$795,182

Change

-1%

Change

-7%

Change

80%

How many days Detached takes to sell (DOM)

February 2026

Last 3 Months

Last 12 Months

February 2025

Last 3 Months LY

Last 12 Months LY

Change

118%

Change

-5%

Change

26%

Average Selling price

Mortgage Calculator

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Down Payment ($)

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Closing Cost Calculator

This data is for informational purposes only.

Closing Cost Total for this property

Total Cash flow for purchasing this property

Purchase Price

First time home buyer

Down Payment($)

Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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