Kitchener · Downtown Kitchener/East Ward · Other · MLS# 40816466
318 FREDERICK Street
2,197
sqft
1923
built
Other · $432/sqft
Ask an agent about this propertyListed 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.
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
Estimate the monthly carry.
Estimated monthly payment
$4,346
Estimate only. Excludes property tax, condo fees, and insurance.
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