263-265 Mill St

Kitchener, N2M 3R4
FOR SALE
$2,149,000
263-265 Mill St, Kitchener
263-265 Mill St
263-265 Mill St
263-265 Mill St
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3
BEDROOMS
1
BATHROOMS
1
KITCHENS
1
ROOMS
X9383865
MLSID
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Property Description
263 & 265 Mill st is located at downtown Kitchener. Semi-detached with the same ownership. Detached double garage. 71.25' frontage and 259.42' depth in lot size offers investor a great opportunity to develop Multi residential such as stacked-townhouses.
Property Details
Street
Property Type
Semi-Detached, 2-Storey
Approximate Sq.Ft.
700-1100
Lot Size
71' x 259'
Fronting
West
Taxes
$4,485 (2023)
Basement
Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
Detached
Kitchener Market Statistics
Kitchener Price Trend
263-265 Mill St is a 3-bedroom 1-bathroom home listed for sale at $2,149,000, which is $1,399,498 (186.7%) higher than the average sold price of $749,502 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 3 bedroom home in Kitchener increased by $2,710 (0.4%) compared to the previous 30 day period (September 27 - October 26) and down $10,543 (1.4%) from the same time one year ago.
Inventory Change
There were 79 3-bedroom homes listed in Kitchener over the last 30 days (October 27 - November 25), which is down 1.3% compared with the previous 30 day period (September 27 - October 26) and up 38.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Kitchener typically sold $2,125 (0.3%) above asking price over the last 30 days (October 27 - November 25), which represents a $8,762 increase compared to the previous 30 day period (September 27 - October 26) and $200 more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Kitchener over the last 30 days (October 27 - November 25) stood at 100.0%, up from 70.0% over the previous 30 days (September 27 - October 26) and up from 77.2% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Kitchener stood at 19 days when successfully sold over the last 30 days (October 27 - November 25), compared to 57 days before being removed from the market upon being suspended or terminated.
Listing contracted with Homelife Landmark Realty Inc.
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