60 Frederick Street 611, Kitchener

$285,000
60 Frederick Street 611

$285,000

New
15d
Condo Apartment1 Storey/Apt

60 Frederick Street 611, Kitchener

Total Monthly Obligation $2,076

Bed+Den
2+1
Baths
1
Park
0
Sqft
500-599
DOM
15d
Score
21
Yield
7.6%
Cash on Cash
-2.2%
Cap Rate
4.1%
5Y IRR
13.8%
10Y IRR
13.2%
Property Type-Condo Apartment
MLS® Number-X13876230
Bed+Den-2+1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 8, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-0-5
Taxes-$2,985 (2025)
Maintenance-$478/mo
Locker-Owned
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Metal/Steel Siding
Roof-Flat
Foundation-Poured Concrete
Possession-Flexible
Title-Residential Condo & Other

No agent assigned

Welcome to 611-60 Frederick Street, where modern urban living meets exceptional convenience in the heart of Downtown Kitchener. This brightand stylish 1-bedroom + Den, 1-bathroom apartment condo features a contemporary open-concept layout with beautiful wood-look flooring, a sleek modern kitchen with full-size appliances including fridge, stove, dishwasher and over-the-range microwave, and convenient in-suite laundry with stackable washer and dryer. Large windows fill the space with natural light, while the thoughtful layout offers comfortable everyday living. One of the standout features of this home is the massive patio area, offering an exceptional amount of private outdoor space rarely found with downtown condo living, perfect for morning coffee, entertaining, relaxing or creating your own outdoor retreat. Residents also enjoy an impressive collection of building amenities including 24-hour concierge service, fitness centre, yoga studio, party room, rooftop terrace with BBQs, community garden and dedicated dog park. The location is truly exceptional, with the ION LRT station right outside the building, making commuting throughout Kitchener-Waterloo effortless. Enjoy being steps from shops, restaurants, cafés and everyday services, while Kitchener Market, Victoria Park, theatres, museums, boutiques, Conestoga College Downtown Campus and the Kitchener GO Station are all within easy reach. Whether you're a first-time buyer, professional, student, downsizer or investor, this condo offers an ideal combination of modern comfort, rare outdoor space, outstanding amenities and unbeatable downtown connectivity. A fantastic opportunity to enjoy the best of Kitchener's vibrant urban lifestyle!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$228,000
Land Transfer Taxes$2,750
Legal Fees (Est.)
$
Total cash required for closing$61,250

Total Monthly Obligation

$2,076/mo
Mortgage $1,150
Monthly Loss $1,774
Principal$303
Interest$847
Property Tax$249
Condo Fees$478
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.8%1
5-Year IRR
9.1%30
10-Year IRR
10.2%
Returns Index
15.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$21,696/yr
NOI
$8,405/yr
Net Cash Flow
-$449/mo
Cash Margin
-24.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
4.6 mo78
Risk Index
34.6/ 100

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

Comparables

Properties near 60 Frederick Street 611

Time

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