569 Frederick Street
Kitchener, N2B 2A7
FOR SALE
$500,000
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3
BEDROOMS 2
BATHROOMS 2
KITCHENS 8
ROOMS X13757172
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Property Description
INVESTORS, DEVELOPERS & VISIONARIES! THIS ONE DESERVES YOUR ATTENTION! Here is an opportunity to acquire a MU3-ZONED, legally registered duplex in a high-traffic, HIGHLY VISIBLE location with tremendous potential for the right investor. The interior is in need of a significant overhaul, making this an ideal project for an investor or renovator looking to put their own stamp on a property and unlock its full potential. The real opportunity lies in the combination of MU3 zoning, legal duplex status, two separate units, and an exceptionally prominent location. With the right renovation strategy, this property could be transformed into a standout income-producing asset in a location where visibility and accessibility are major advantages. Whether you're looking to renovate and hold, maximize rental income, create a strong long-term investment, or explore the possibilities offered by the zoning, this property offers a compelling canvas for your vision. Properties with this combination of zoning, exposure, and existing legal duplex configuration are not everyday opportunities. The work is real, but so is the potential. Bring your plans. Bring your contractor. Bring your vision. This could be the value-add investment you've been waiting for.
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Property Features
Park, Public Transit, Other, Separate Hydro Meter, Water Softener, Private Double
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Property Details
Address
569 Frederick Street
City
Postal Code
N2B 2A7
Property Type
Duplex, Duplex
Zoning
MU3
Lot Size
70' x 94'
Taxes
$7,207 (2025
Basement
Unfinished
Exterior
Porch
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
5
Garage Type
Detached
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Listing contracted with Re/Max Solid Gold Realty (Ii) Ltd
Legal duplex in a prime area, desirable East Ward. Perfect for entry level investors or adding to existing portfolio. The buyer may choose to live there since one 2 bedroom unit is available. 2 x 2 bedroom units each unit self contained. Recent renovation done including flooring,painting updated kitchen, one window changed. Another finished unit in lower level which the buyer may work on it to make it legalized, now vacant. Corner location close to expressway and shopping, transit. Currently one unit pays 859/month plus hydro(long time there) plus projected rent for another 2 bedroom unit is 1600/month. Developer, builder opportunity to buy next door(87 Lancaster) so it makes good development project
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Looking for a great opportunity to invest in a prime DTK location? 116 Weber St. E. is on the edge of the downtown core, currently set up as a duplex with 2 x 2 bedroom, 1 bathroom units, but can be converted into a single family home if desired. The upper unit is tenanted, the main level is vacant and recently updated. This property is located just a block away from the Kitchener Farmers Market and 400m from Kitchener Market LRT Station, giving it a Walk Score of 97. Additional features include a newer boiler system (May 2025), metal roof, separate hydro meters, coin operated laundry machines and more.
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