64 FRANCIS Street N, Kitchener, Ontario, N2H5B5
MLS: 40823027 | Retail
$1,400,000
Property Description
Unlock the potential of this versatile mixed-use property in a prime downtown location, offering a rare opportunity to create a customized live/work environment or income-generating investment. The main floor commercial space, currently configured as a salon, provides a flexible layout ready to be reimagined for a variety of uses including professional office, boutique retail, studio space, or continued personal service operations. With strong street presence and on-site parking, this space is ideally positioned for a business looking to establish or grow in the downtown core. Above, the second-floor residential unit offers nearly 1,500 sq ft of living space, ideal for an owner-occupier or as a supplemental rental income stream. A welcoming foyer and staircase lead to an open-concept kitchen and dining area, an updated 3-piece bath, sunken living room, and a bedroom complemented by a versatile den that could function as a home office, walk-in closet, or potential second bedroom. What truly sets this property apart is the rare combination of extensive on-site parking, a double-car garage, and outdoor space. The generous rear parking area, front courtyard, and garage offer convenience for clients and residents, with potential for additional income through parking rentals in a high-demand downtown setting. The basement provides flexibility for storage, workspace, or future expansion. The property features a durable steel roof, heated eavestroughs with leaf guard, and updated windows, contributing to ease of ownership while allowing room to modernize and add value. Zoned SGA-3, it supports a wide range of permitted uses, making it ideal for investors, entrepreneurs, or owner-users. Based on projected market rents, the property presents an attractive income opportunity with an estimated cap rate in the ~5% range and clear upside potential. (id:64974)
Quick Facts
- Property Type: Retail
- Bedrooms: None
- Bathrooms: None
- Living Area: 3,289 sq ft (305.6 m²)
- Ownership: Freehold
- Frontage: 55 ft (16.8 m)
Costs
- Annual Taxes: $10,929.33
Listing Provided by: Chestnut Park Realty Southwestern Ontario Limited
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Basement: Full
Exterior & Construction
- Exterior: Aluminum siding
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Frontage: 55 ft (16.8 m)
- Zoning: SGA-3
Community & Neighbourhood
- Subdivision: 212 - Downtown Kitchener/East Ward
Listing Information
Listing History
MLS listing activity for 64 FRANCIS Street N, Kitchener, Ontario, N2H5B5 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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Neighborhood Walkability
Mortgage & Cost Calculators
Nearby Homes ?Nearby Homes — Search CriteriaSearch Radius1 kmPrice Range±30%Match BedroomsNoMatch BathroomsNo
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Similar Homes ?Similar Homes — Search CriteriaSearch Radius5 kmPrice Range±5%Match Home TypeYesMatch BedroomsYes
150 VICTORIA Street N, Kitchener
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$17,394/yr taxListing Courtesy of RE/MAX TWIN CITY REALTY INC.
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
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64 FRANCIS Street N, Kitchener, Ontario, N2H5B5