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Coldwell Banker Summit Realty

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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage — RECO Registration #6018570.

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 48 days

    162-164 Mill Street

    ·London East, ON··

    • 7104 sqft
    London East real estate›X13417756
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Exceptional development opportunity in the heart of Downtown London. Situated on a 7,104 sq. ft. parcel at 162-164 Mill Street, this prime infill site is positioned within one of the city's fastest-growing redevelopment corridors, just one block from Richmond Street.Surrounded by restaurants, cafés, shopping, entertainment, transit, and major employment hubs, the property is ideally located for future residential intensification. The existing semi-detached dwelling offers holding value while buyers explore the site's redevelopment potential, with the possibility of a multi unit residential project, subject to zoning, planning approvals, permits, and all applicable City of London requirements.The Mill Street neighbourhood continues to experience significant investment, with a dynamic mix of established homes, rental properties, student housing, young professionals, and new multi-residential developments. Located approximately 10 minutes from Western University, home to more than 40,000 students, faculty, and staff, the area benefits from strong and consistent housing demand. Fanshawe College, major hospitals, Victoria Park, Canada Life Place, Covent Garden Market, and the downtown core are all within close proximity.Whether you're a developer, builder, or investor seeking your next urban infill project, this is a rare opportunity to secure land in one of London's most active growth areas. Buyers are encouraged to complete their own due diligence with the City of London regarding permitted uses and future development potential.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jun 8, 2026ListedCurrentFor sale$1,495,000 —X13417756This page
    Sep 18, 2025Previously listedTer$1,569,900 —X12412953View
    Sep 12, 2025Previously listedTer$1,569,900 —X12401141View
    Jun 20, 2024Previously listedExp$1,495,900 —X8466600View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      2
      Water source
      Municipal
      Sewer
      Sanitary
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 162-164 Mill Street
    What's nearby

    Points of interest classified by the MLS® feed.

    • Public Transit
    • Recreation/Community Centre
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $7,344
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $419
    0.34% mill rate · ON
    The market

    How this home sits in the London East market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The London East market right now

    Average sold price, days on market, and closed-transaction count for London East — sourced from MLS®.

    • Avg sold price
      $464,284
      Last 30 days
    • Median sold price
      $460,000
      Middle of the market
    • Days on market
      34 d
      Avg from list to close
    • Closed last 30d
      378
      MLS® transactions
    Full London East market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 162-164 Mill Street — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 162-164 Mill Street and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 162-164 Mill Street listed for?

      162-164 Mill Street is listed at $1,495,000 on the MLS® (listing X13417756). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 162-164 Mill Street have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. Vacant Land
  2. Asking
    $1,495,000
    $210 / sqft · MLS® X13417756
    Chat Zara
  3. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $464,284
    $427,141Confidence range$501,427
    Asking vs estimate
    ↑↑well-above
    +$1,030,716
    (+222.0%)
    Asking is well above
    Run the affordability numbers

    Based on the city's average sold price (limited data on this listing).

    Market analytics

    Homes like this in London East sell in about 34 days — this one has been listed 48 days.

    Avg sold price
    $464,284
    Median sold
    $460,000
    Avg days on market
    34
    Recently sold
    378
    See comparable sales
    AI highlights by Zara
    • Exceptional development opportunity in the heart of Downtown London.
    Ask Zara a follow-up

    Lot & land

    1
    Zoning
    R3-1
  4. Listing & possession

    3
    Occupancy
    Immediate
    Property style
    Designated
    Property class
    Vacant Land
  5. Combined estimate
    $7,763
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $7,344
    /mo
    based on the purchase price of $1,495,000
    $299,000 cash
    $1,196,000 financed
    $1,007,346 total interest
    Monthly payment$7,344/ month
    Principal54%$1,196,000
    Interest46%$1,007,346

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    or send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable vacant lands that just sold in London East

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 2253 Trafalgar Street
      Sold
      Sign in for price
      2253 Trafalgar Street
      Vacant Land
    • 2251 Trafalgar Street
      Sold
      Sign in for price
      2251 Trafalgar Street
      Vacant Land
    • 442 THIRD Street
      Sold
      Sign in for price
      442 THIRD Street
      Vacant Land
    • 142 WELLINGTON Street
      Sold
      Sign in for price
      142 WELLINGTON Street
      Vacant Land
    • 1664 EVANGELINE Street
      Sold
      Sign in for price
      1664 EVANGELINE Street
      Vacant Land
    • TBD FOREST LAWN Avenue
      Sold
      Sign in for price
      TBD FOREST LAWN Avenue
      Vacant Land
    AddressBd / BaSqftSold$/sqft% of askSold
    162-164 Mill StreetThis home0 / 07,104$1,495,000ask$210——
    2253 Trafalgar Street0 / 0——
    2251 Trafalgar Street0 / 0——
    Sold prices are hidden under TRREB rules. to reveal them.

    More vacant lands in London East

    Active listings within ±20% of this asking price.

    • 430-432 GREY Street
      $1,200,000
      430-432 GREY Street
      Vacant Land
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  6. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  7. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  8. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  9. Public listing courtesy of RE/MAX ADVANTAGE REALTY LTD. · displayed on Summitly per MLS® data-share rules

    162-164 Mill Street is a 7104 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  10. When was 162-164 Mill Street built?

    The year built for 162-164 Mill Street isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  11. What is the property tax for 162-164 Mill Street?

    The 'Property tax' tab in the History section shows the most recent annual tax for 162-164 Mill Street plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  12. How much would the monthly mortgage be on 162-164 Mill Street?

    The affordability calculator on this page shows an estimated monthly mortgage for $1,495,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  13. Has 162-164 Mill Street been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 162-164 Mill Street with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  14. What neighbourhood is 162-164 Mill Street in?

    162-164 Mill Street is in East F, London East. The 'Neighbourhood' section below links to the live London East real estate hub with average sold price, days on market, and current inventory.

  15. Is London East a good place to live?

    London East is one of ON's actively-tracked Summitly markets. The full London East real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  16. 442 THIRD Street
    0 / 0
    —
    —
    142 WELLINGTON Street0 / 0——
    1664 EVANGELINE Street0 / 0——
    TBD FOREST LAWN Avenue0 / 0——