229 Old Mill Road, Cambridge, ON N3H 4R8
Preston · N3H 4R8
$7,695,000
$11 / sq ft4 months on market
- Interior
- 670,388 sf
- Lot
- 483.98 × 1440.94 ft
About this property
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.
Property details
Property
- Property type
- vacant land
- Interior size
- 670,388 sq ft
- Lot size
- 483.98 × 1440.94 ft
- Zoning
- A1 - Agricultural
- Possession
- Immediate
Exterior & services
- Sewer
- Septic
Costs
- List price
- $7,695,000
- Property taxes
- $4,968 / year (2025)
- Price per sq ft
- $11
Listing
- MLS® number
- X13475212
- Status
- For sale
- Listed
- June 22, 2026
- Days on market
- 135
- Last updated
- June 22, 2026
- Listing brokerage
- LEE & ASSOCIATES COMMERCIAL REAL ESTATE INC.
Price & sale history
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced above most comparable listings — about 88% of comparable vacant land listings in Preston are asking less.
Based on 8 comparable active vacant land listings in Preston. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $34,037.58
- Property tax (est.)
- $414.00
- Estimated monthly
- $34,452
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $178,850
- Total due on closing
- $178,850
An estimate on the asking price of $7,695,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of LEE & ASSOCIATES COMMERCIAL REAL ESTATE INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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