Salehian.com 647-325-5000

64 FRANCIS STREET N

Kitchener, N2H5B5

Listed by CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD

$1,400,000

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  • 1 bedrooms
  • 3 bathrooms
  • 9 parking

Listed 176 days ago · MLS® X13054458

About this home

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:66966)

Details

Type
Detached
Basement
Full, Partial, None, Walk-up, N/A
Garage
Garage
Property tax
$10,929 (2026)
Municipality
Kitchener

Interior

Bedrooms
1 above ground
Fireplace
No
Appliances
Water softener, Garage door opener remote(s)

Heating, cooling and services

Heating
Forced air, Natural gas
Air conditioning
Central air conditioning
Water and sewer
Sanitary sewer

Building and exterior

Foundation
Poured Concrete
Outdoor
Vinyl siding

Parking

Total parking
9
Driveway and parking
Attached Garage, Garage

Rooms

RoomLevelSizeFeatures
OfficeMain level5 × 3.21 m (16'5" × 10'6")
Dining roomSecond level3.46 × 4.6 m (11'4" × 15'1")
KitchenSecond level5.14 × 3.94 m (16'10" × 12'11")
Living roomSecond level7.37 × 4.56 m (24'2" × 15')
OtherBasement3.39 × 3.92 m (11'1" × 12'10")
Laundry roomBasement5.39 × 3.59 m (17'8" × 11'9")
Recreational, Games roomBasement7.19 × 3.51 m (23'7" × 11'6")
OtherBasement1.26 × 2.24 m (4'2" × 7'4")
OtherBasement3.39 × 2.22 m (11'1" × 7'3")
OfficeMain level4.42 × 8.27 m (14'6" × 27'2")
OtherBasement4.48 × 7.82 m (14'8" × 25'8")
OfficeMain level5.07 × 3.92 m (16'8" × 12'10")
OtherMain level2.94 × 5.96 m (9'8" × 19'7")
OfficeMain level1.73 × 3.69 m (5'8" × 12'1")
OtherMain level3.75 × 4.26 m (12'4" × 14')
OtherMain level3.22 × 3.21 m (10'7" × 10'6")
OtherMain level2.79 × 0.91 m (9'2" × 3')
BedroomSecond level5.39 × 4.3 m (17'8" × 14'1")
DenSecond level3.25 × 3.55 m (10'8" × 11'8")

Location

Location is approximate. See nearby homes on the map

Listed by CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD.

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