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Basara.

Kitchener · Downtown Kitchener/East Ward · Other · MLS# 40816466

318 FREDERICK Street

$949,000

2,197

sqft

1923

built

Other · $432/sqft

Ask an agent about this property

Listed April 7, 2026

About this home.

Well-maintained, fully rented mixed-use property featuring three self-contained units, offering a income-generating opportunity. The building includes a one-bedroom basement apartment, a main floor office with kitchenette, and a spacious two-bedroom plus loft apartment spanning the second and third floors. Each unit is equipped with its own bathroom, providing convenience for tenants. The property offers parking for up to three vehicles, EV charging, shared laundry and benefits from large windows that provide excellent natural light throughout. Numerous recent improvements include a new furnace (2023), air conditioning system (2024), and newly constructed basement apartment (2024), among others. Ideally situated in a desirable downtown location. The property is within walking distance to a wide range of amenities including restaurants, shops, parks, churches, and schools. Convenient access to the expressway and location on public transit route further enhance its accessibility and appeal to both residential and commercial tenants. An excellent turnkey investment opportunity with stable rental income in a highly walkable and well-connected area. Also ideal for an owner-occupier—operate your business from the main floor office, live in the upper unit, and generate additional income from the basement apartment. (id:59491)

The full record.

Property typeOther
Year built1923
Square footage2,197 sqft
Lot size0
ListedApril 7, 2026

How this listing prices against Downtown Kitchener/East Ward.

11

Sales

$663,500

Median price

50

Days on market

97.3%

% of list

77

Active listings

N/A

Months supply

Read the full Kitchenerreport →

Estimate the monthly carry.

Down payment
%($189,800)
Mortgage rate
%
Amortization
years

Estimated monthly payment

$4,346

Principal$759,200
Total interest$544,545
Total paid$1,303,745

Estimate only. Excludes property tax, condo fees, and insurance.

Questions on this property?

Neso Basara

RE/MAX Icon Realty

Waterloo Region

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318 FREDERICK Street, Kitchener — $949,000