328, 330 Mill Street

Kitchener, ON

30,031 sqft
Commercial Retail
82 days on market

This unpriced exceptional investment opportunity featuring two properties under the same ownership, offered together in a prime location just minutes from downtown Kitchener. The property includes a well-established auto garage generating a strong and stable income, along with two residential homes providing additional rental revenue and diversified cash flow. A major highlight of this offering is the city's approval for high-density development (28 stories) (379 units) (GFA 250,000 approx), creating a substantial value-add and redevelopment potential. Strategically located in a rapidly growing urban corridor, the property is close to downtown Kitchener's business district, ION LRT stations, restaurants, shopping, entertainment venues, school, parks, and major transportation routes. Environmental is done. Record of Site is available. Ideal for investors, developers, and land bankers seeking immediate cash flow combined with long-term development upside. Rare opportunity to acquire a multi-income producing asset with approved high-density development potential in one of Kitchener's most desirable and evolving locations. Contact listing agent for financial information, planning details, and additional property information.

Listing Details

Taxes (2025): $10,728
Listed: June 15, 2026

Price History

Property

Lot Size: 132 x 219 Feet

Parking

Garage: None

Utilities

Sewer: Sanitary+Storm Available

Location & Legal

Cross Street: HWY 8 / COURTLAND AVE EAST
Zoning: HIGH RISE (SGA-3) (SSP412) (96H HOLDING)
Parcel Number: 225050074
Possession: Flexible
Occupancy: Tenant

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

Commercial in Kitchener · last 12 months

Median sold price: $665,000
Homes sold: 1,928
Median days on market: 20
Sale-to-list price: 100.9%

Based on 1,928 recorded sales of commercial properties in Kitchener over the last 12 months.

Listed by

COLLIERS SOUTHWESTERN ONTARIO

Walk Score

Walk Score is unavailable for this address right now.

Location

Street View

Commercial figures

Building area: 30,031 sq ft
Price per sq ft: $0.00
Annual property tax: $10,728
Tax per sq ft: $0.36

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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