$1,010,000
Est. payment $4,472/moCalculate yours
237 Frederick Street, Kitchener, ON N2H 2M7
Kitchener, ON N2H 2M7
Listing courtesy of CENTURY 21 PEOPLE`S CHOICE REALTY INC. MLS® X13854474
About this home
Exceptional development opportunity in the heart of Kitchener! This rare 56 x 220/230 ft vacant lot offers highly desirable dual zoning (Commercial & Residential), providing incredible flexibility for a wide range of potential uses. Whether you’re an investor, developer, or builder, this property presents a unique chance to capitalize on mixed-use possibilities in a growing and dynamic area. The seller has already taken steps toward development, with plans submitted to the city (see site plan attached) for a proposed 3-storey multi-residential building consisting of 13 units (approval pending). This offers a strong starting point for buyers looking to fast-track a project, while still allowing the freedom to explore alternative concepts permitted under the property’s versatile zoning. Ideally located in a rapidly evolving neighbourhood, walking distance to the downtown district with strong demand for both residential and commercial space, this lot is perfectly positioned for future growth and long-term value. Buyer to conduct their own due diligence regarding zoning, permitted uses, and development approvals based on their specific plans.
Property details
Overview
- Property Type
- Vacant Land
- For
- For Sale
- Status
- New
Lot & Parking
- Lot Size
- 56 x 220.58 Feet
- Zoning
- C3 Commercial, Residential
Financial
- Property Taxes
- $12,422 (2025)
Location
- Cross Street
- Frederick Street and Webber St. E
- Direction Faces
- East
Listing
- MLS® Number
- X13854474
- Days on Market
- 16
- Listed On
- 2026-10-02
- Possession
- Flexible
- Listed By
- CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Mortgage calculator
Estimated mortgage payment
$4,472 per month
- Principal and interest
- $4,472
- Property tax
- $1,035
- Condo fees
- $0
- Estimated monthly cost
- $5,507
Your mortgage
- Mortgage amount
- $808,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $533,618
Cash to close
- Down payment
- $202,000
- Land transfer tax
- $16,675
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $218,675
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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