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Property Type: Detached HouseOwnership: Freehold
263-265 MILL STREET
Kitchener, ON N2M3R4
MLS® X13612806
$1,235,000
3 bed1 bath8 parking
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 73.1 x 259 FT
- Frontage
- 73.1 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,709.26
Interior
- Basement
- Unfinished, N/A
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Description
Rare investment/development opportunity near Downtown Kitchener. 263 & 265 Mill St are semi-detached properties under the same ownership on a generous 71.25' x 259.42' lot with a detached double garage. Great potential for future multi-residential redevelopment, including stacked townhouses, subject to due diligence and approvals. Convenient location close to downtown amenities and transit. (id:63159)
Listing Information
- MLS®
- X13612806
- Data last synced
- September 15, 2026
RC BEST CHOICE REALTY CORP
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RC BEST CHOICE REALTY CORP
MLS® Number: X13612806
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Toronto Regional Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Kitchener average
$400/sqft
504 active listing(s)
Parking: 8 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Kitchener-Waterloo
4°C
Mist
Humidity 97%
Wind N 4 km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
256,885
(2021 Census)
+10.1% since 2016
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 8.0% ($98,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$988,000.00
Periodic payment — Principal & Interest (monthly)$6,374.24
Additional monthly expenses (condo fees, tax, utilities, etc.)$392.44
Total monthly cost$6,766.68
Interest paid over 5-yr term$283,163.64
Balance at end of term$888,709.20
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$98,500
Stress test qualifying rate8.19%
Payment you must qualify for$8,812.13
Cash Needed at Closing
Minimum down payment$98,500
Estimated Land Transfer Tax (LTT)$21,175
Legal / closing costs (typical estimate)$1,500
Total cash needed$121,175
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
