263 MILL Street
Kitchener, Ontario
Vacant Land
A standout opportunity just steps from Downtown Kitchener. 263 and 265 Mill Street are semi-detached properties(value is in the land) held under single ownership, sitting on a generous 73 foot frontage and a total of 17, 943sq.ft. lot area complete with a detached double garage. The scale and configuration of the land offer strong potential for future multi-residential redevelopment — including stacked townhouses — subject to due diligence and municipal approvals. Location is the real draw here. The property is roughly a 5-minute walk (about 400 metres) from the ION LRT's Mill station at Ottawa and Mill Streets, putting fast, reliable light-rail transit and the full length of Downtown Kitchener within easy reach. Everyday amenities, dining, and additional transit connections are all close at hand.
Price History
Schools
Elementary
- St Bernadette Catholic Elementary School0.5 km
Catholic · Waterloo CDSB · 435 students
Grade 3 reading: 85% met the provincial standard · Grade 6 math: 42% met the provincial standard
- Queen Elizabeth Public School0.6 km
Public · Waterloo Region DSB · 265 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 79% met the provincial standard
- Courtland Avenue Public School0.8 km
Public · Waterloo Region DSB · 270 students
Secondary
- Cameron Heights Collegiate Institute1 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- Eastwood Collegiate Institute2.1 km
Public · Waterloo Region DSB · 1270 students
Grade 10 literacy: 84% met the provincial standard
- St Mary's High School2.3 km
Catholic · Waterloo CDSB · 2240 students
Grade 10 literacy: 94% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2M
- Population
- 36,494
- Private dwellings
- 16,113
- Median age
- 36.4
- Average household size
- 2.3
- Median household income
- $71,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Vacant Land in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,925
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,925 recorded sales of vacant land properties in Kitchener over the last 12 months.
Location
Mortgage Calculator
$170,000
Estimated Monthly Payment
$4,176
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,176/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $213/mo
Estimates only. Consult a financial advisor.
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