60 Frederick Street 1614, Kitchener

$379,000
60 Frederick Street 1614

$379,000

New
21d
Condo ApartmentApartment

60 Frederick Street 1614, Kitchener

Total Monthly Obligation $2,606

Beds
2
Baths
2
Park
0
Sqft
600-699
DOM
21d
Score
19
Yield
6.8%
Cash on Cash
-4.4%
Cap Rate
3.6%
5Y IRR
12.1%
10Y IRR
11.9%
Property Type-Condo Apartment
MLS® Number-X13857490
Beds-2
Bathrooms-2
Size-600-699 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$3,613 (2025)
Maintenance-$576.6/mo
Locker-None
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-GALAXY STARS REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Title-Residential Condo & Other

No agent assigned

Welcome to this beautiful 2-bedroom, 2-bathroom corner unit in the heart of Downtown Kitchener! Featuring floor-to-ceiling windows, an abundance of natural light, and stunning panoramic city views, this bright and spacious suite is sure to impress. Enjoy a modern open-concept layout with an updated kitchen, generous living space, and contemporary finishes throughout. The building offers 24-hour concierge service and is ideally located just steps from the LRT, restaurants, cafés, shopping, and everyday conveniences. Plus, you're only a short drive to Waterloo and the University District. An unbeatable location offering the perfect combination of comfort, convenience, and downtown living!

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$303,200
Land Transfer Taxes$4,160
Legal Fees (Est.)
$
Total cash required for closing$81,460

Total Monthly Obligation

$2,606/mo
Mortgage $1,529
Monthly Loss $2,204
Principal$402
Interest$1,126
Property Tax$301
Condo Fees$577
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.0%1
5-Year IRR
8.1%24
10-Year IRR
9.4%
Returns Index
13.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$25,704/yr
NOI
$10,201/yr
Net Cash Flow
-$679/mo
Cash Margin
-31.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
29.2/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 60 Frederick Street 1614

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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Data last updated within the past 24 hours.