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Investment signal

$339,000

2402 - 60 FREDERICK STREET

Beds

Baths

Sqft

—

Year

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Location

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About this home

Turnkey investment opportunity in the heart of Kitchener! This modern 2-bedroom, 2-bathroomcorner suite in DTK Tower offers 690 sq ft of well-designed living space plus a 75 sq ft private balcony with unobstructed views. Featuring high ceilings, oversized windows, and a bright open-concept layout, this unit delivers strong rental appeal in one of downtown Kitchener's most desirable buildings. Currently tenanted with reliable occupants willing to stay, this property provides immediate, stable rental income-ideal for investors seeking a low-maintenance addition to their portfolio. Due to tenant privacy, no in-person showings will be permitted. The unit includes a modern kitchen, in-suite laundry, and high-speed internet, with access to premium building amenities such as a fitness center, yoga studio, party room, rooftop terrace, and visitor parking. Unbeatable location just steps to ION LRT Frederick Station, public transit, and within walking distance to the downtown core, tech hub, schools, parks, restaurants, shopping, and entertainment. Walk Score of 97. Buyer to assume existing tenancy in accordance with the Residential Tenancies Act. (id:65958)

Subtype: Single Family
Structure: Apartment
Common interest: Condo/Strata
Bedrooms: 2 above grade
Parking: 0 total
Condo/HOA fee: $592 monthly
On market: Apr 19, 2026
Status changed: Apr 19, 2026
Annual tax: $3,541 (2026)
Photos: 20
MLS#: X13017476
Area: KITCHENER

Features and systems

Parking

UndergroundNo Garage

Basement

None

Appliances

Window Coverings

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Concrete

Flooring

TileLaminate

Foundation

Concrete

Lot

Flat siteElevatorBalconyCarpet FreeIn suite Laundry

Community

Pets Allowed With Restrictions

View

City viewView

Security

Security guardSmoke Detectors

Fee includes

Common Area MaintenanceHeatWaterInsurance

Negative cash flow ~$518/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-9.17%

Cap rate

4.06%

GRM

14.9

Break-even rent

$2,445

Financing

Down payment$67,800

Loan amount$271,200

Mortgage$1,664/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$155

Insurance$80

Maintenance$283

CapEx reserve$141

Vacancy loss$95

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kitchener. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $1,664/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 19, 2026.