A rare opportunity of for all Builders, Investors, Developers in Mississaugas highly sought-after Lakeview community. Located in a quiet and mature neighbourhood of applewood acres, this exceptional 4+1 bedroom with 3 washrooms detached home offers over 4,300 sqft. of freshly renovated living space on a premium, heavily treed double lot - one of the largest in the neighbourhood. Fully SEVERANCE APPROVED into two 50 x 145 ft parcels with new municipal addresses reserved. The property allows you to enjoy a beautifully updated residence today while unlocking incredible potential to build two luxury homes. Complete two 4,000 sq.ft. custom home drawings are available, with an award-winning design firm ready to initiate the next steps. Zoning is RL, creating the possibilities of building detached or semi-detached homes across from one of the top Catholic Elementary Schools (St. Edmund Separate School) in South Mississauga. The home features tile and engineered hardwood throughout the main floor, and meticulous upgrades to all bedrooms and washrooms. Additional highlights include all brand new appliances, freshly installed energy star rated windows , an owned furnace (2024), owned hot water tank, two car garage with a six-car driveway, full functional sprinkler system, and a spacious lower level with large above-grade windows for versatile living. Nestled in a mature neighbourhood surrounded by custom homes selling for $3M+, this property is also conveniently located minutes from Trillium Hospital, Sherway Gardens, Pearson Airport, and major highways including QEW and 427. and just 20 minutes from downtown Toronto. Plus, the property's proximity to Etobicoke offers substantial savings on land transfer taxes. With billions of dollars being invested into the Lakeview area through Lakeview Village, the Dixie Mall redevelopment, and the new Dixie/QEW interchange, this home offers unmatched comfort today and extraordinary potential for tomorrow.