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For saleMLS® X13854474

237 Frederick Street, Kitchener, ON N2H 2M7

$1,010,000

1 months on market

Lot
56 × 220.58 ft

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About this property

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

Property

Property type
vacant land
Lot size
56 × 220.58 ft
Zoning
C3 Commercial, Residential
Possession
Flexible

Interior

Exposure
East

Costs

List price
$1,010,000
Property taxes
$12,422 / year (2025)

Listing

MLS® number
X13854474
Status
For sale
Listed
October 2, 2026
Days on market
34
Last updated
October 2, 2026
Listing brokerage
CENTURY 21 PEOPLE`S CHOICE REALTY INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 72% of comparable vacant land listings in Kitchener are asking less.

$433KMedian $585K$2.05M

Based on 18 comparable active vacant land listings in Kitchener. These are asking prices, not sale prices.

Mortgage estimate

Down payment7.5% · minimum $76,000
$76,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$5,164.25
Property tax (est.)
$1,035.13
Estimated monthly
$6,199

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$16,675
Total due on closing
$16,675

An estimate on the asking price of $1,010,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of CENTURY 21 PEOPLE`S CHOICE REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$1,010,000

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