
897 Eighth Street, Mississauga
Lakeview · Investor guide
$1,949,500
Estimated Value
$1,252,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by CITYSCAPE REAL ESTATE LTD.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
9
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,800/mo
Based on Lakeview neighbourhood rental data for 3-bed Detached
Remarks
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.
MississaugaInvestor.ca
897 Eighth Street
Detached · 3bd/2ba · ~1,300 sqft
$1,949,500
Cash-Flow Report · July 31, 2026
Cap Rate
0.24%
Monthly Cash Flow
-$8,578/mo
Estimated Rent
$3,800/mo
Cash-on-Cash
-24.03%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,800 |
| Mortgage | −$8,973 |
| Property Tax | −$1,365 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,625 |
| Vacancy (5%) | −$190 |
| Cash Flow | -$8,578/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$45,600 |
| Vacancy (5%) | −$2,280 |
| Property Tax | −$16,376 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$19,495 |
| Annual NOI | $4,749 |
| Cap Rate | 0.24% |
Cash Required to Close
| Down Payment (20%) | $389,900 |
| Ontario Land Transfer Tax | $35,465 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $428,365 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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