Skip to main content
229 Old Mill Road

229 Old Mill Road

Cambridge, ON

  • 15 sqft
  • Land
  • 79 days on market
$7,695,000

Prime 15.39-acre land opportunity directly across the street from Amazon's newly built 1M SF fulfillment centre. Minutes to Highway 401 via Fountain Street/Homer Watson Blvd, this site offers exceptional exposure and connectivity within the growing Waterloo Region. Currently zoned Agricultural (A1) and designated Rural, the property is well-positioned for future development. No conservation encumbrances per GRCA mapping. Ideal for land banking, custom estate use, or long-term rezoning to industrial or residential (subject to approvals). A rare offering surrounded by major corporate users and rapid infrastructure growth.

Listing Details

Taxes (2025)
$4,968
Listed
June 22, 2026

Price History

Listing history

Sign in to view

Property

Lot Size
483.98 x 1440.94 Feet

Utilities

Sewer
Septic

Location & Legal

Cross Street
Fountain Street S / Highway 401
Zoning
A1 - Agricultural
Parcel Number
037710026
Possession
Immediate
Occupancy
Owner

Commercial

Business Type
Other

Community

Postal area N3H

Population
24,306
Private dwellings
10,220
Median age
40.8
Average household size
2.5
Median household income
$82,000

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 Cambridge · last 12 months

Median sold price
$676,800
Homes sold
1,229
Median days on market
19
Sale-to-list price
100.6%

Based on 1,229 recorded sales of commercial properties in Cambridge over the last 12 months.

Listed by

LEE & ASSOCIATES COMMERCIAL REAL ESTATE INC.

Walk Score

1

Walk

31

Transit

32

Bike

Scores by Walk Score®

Commercial figures

Annual property tax
$4,968

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

R

Reita | Assistant

Online

Reita said:

Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?

Interested in this property?

By submitting this form you consent to REintel, operated by Direct Realty Ltd. (6992 Hwy 62, Belleville, ON K8N 0L7) contacting you to respond to your inquiry and send you relevant property listings, market updates, and real-estate information. You can withdraw your consent at any time using the unsubscribe link in every email, or by contacting us at the mailing address above.

Cookie Preferences