Property Information:

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. (id:27)

Building Features:

Style: Duplex
Building Type: Duplex
Basement Development: Unfinished
Basement Type: Full
Exterior Finish: Brick
Floor Space: 1882 sqft
Foundation Type: Stone
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Bedrooms: 3
Bathrooms: 2
Access Type: Highway access
Amenities Nearby: Park, Public Transit, Shopping
Built in: 1903
Community Features: High Traffic Area
Features: Paved driveway
Floor Space (approx): 1882 Square Feet
Lot Depth: 94 Feet
Lot Frontage: 70 Feet
Structure Type: Workshop, Porch
Zoning: MU3
Sewer: Municipal sewage system
Parking Type: Detached garage
No. of Parking Spaces: 7

Courtesy of: RE/MAX SOLID GOLD REALTY (II) LTD.

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Demographic Information of 569 FREDERICK Street, Kitchener, Ontario, N2B 2A7

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$114,943.86

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.93 %

High school certificate or equivalent

26.59 %

Apprenticeship trade certificate/diploma

7.33 %

College/non-university certificate

30.94 %

University certificate (below bachelor)

0.49 %

University Degree

18.72 %

Commuter

Travel To Work

By Car

92.02 %

By Public Transit

3.39 %

By Walking

1.57 %

By Bicycle

0.0 %

By Other Methods

3.02 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

33.49 %

Houses

66.51 %

569 FREDERICK Street, Kitchener, Ontario, N2B 2A7