64 Francis Street N Kitchener, Ontario N2H 5B5

$1,400,000

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:55460)

Property Details

MLS® Number	X13054454
Property Type	Retail
Amenities Near By	Public Transit
Equipment Type	Water Heater
Parking Space Total	9
Rental Equipment Type	Water Heater

Building

Age	51 To 99 Years
Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Interior	8,949 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Public Transit
Size Depth	157 Ft
Size Frontage	55 Ft
Size Irregular	55 X 157 Ft
Size Total Text	55 X 157 Ft
Zoning Description	Sfa-3

https://www.realtor.ca/real-estate/29668346/64-francis-street-n-kitchener