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Listed by Rebecca Rawlings • C M A REALTY LTD.
$949,000
Est. payment /mo
2,197 SqFt
Active
318 Frederick Street Kitchener, ON N2H 2N7
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Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 2,197 sqft
Price per Sqft $431
MLS Listing ID 40816466
Abv Grd Liv Area 2,197
Year Built 1923
Annual Tax Amount $4,829
Property Sub-Type Mixed,Building and Land
Source Cornerstone
Property Description
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.
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.
Location
Province ON
County Waterloo
Area 2 - Kitchener East
Zoning CR-1, 114R, 128U
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Parking Features Asphalt, EV Charging
Lot Frontage 39.74
Lot Depth 90.15
Garage No
Building
Lot Description Rectangular, City Lot, Highway Access, Public Transit
Story 2
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 223110154
Ownership Freehold/None
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