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	X13054458
Property Type	Single Family
Equipment Type	Water Heater
Features	Paved Yard
Parking Space Total	9
Rental Equipment Type	Water Heater
Structure	Porch

Building

Bathroom Total	3
Bedrooms Above Ground	1
Bedrooms Total	1
Age	51 To 99 Years
Amenities	Canopy
Appliances	Garage Door Opener Remote(s), Water Softener
Basement Features	Walk-up
Basement Type	Partial, Full, None, N/a
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning
Exterior Finish	Vinyl Siding
Foundation Type	Poured Concrete
Half Bath Total	2
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	3,000 - 3,500 Ft2
Type	House
Utility Water	Municipal Water

Parking

Attached Garage
Garage

Land

Acreage	No
Sewer	Sanitary Sewer
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

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Dining Room	3.46 m	4.6 m	3.46 m x 4.6 m
Second Level	Kitchen	5.14 m	3.94 m	5.14 m x 3.94 m
Second Level	Living Room	7.37 m	4.56 m	7.37 m x 4.56 m
Second Level	Bedroom	5.39 m	4.3 m	5.39 m x 4.3 m
Second Level	Den	3.25 m	3.55 m	3.25 m x 3.55 m
Basement	Other	3.39 m	3.92 m	3.39 m x 3.92 m
Basement	Laundry Room	5.39 m	3.59 m	5.39 m x 3.59 m
Basement	Recreational, Games Room	7.19 m	3.51 m	7.19 m x 3.51 m
Basement	Other	1.26 m	2.24 m	1.26 m x 2.24 m
Basement	Other	3.39 m	2.22 m	3.39 m x 2.22 m
Basement	Other	4.48 m	7.82 m	4.48 m x 7.82 m
Main Level	Office	5 m	3.21 m	5 m x 3.21 m
Main Level	Office	4.42 m	8.27 m	4.42 m x 8.27 m
Main Level	Office	5.07 m	3.92 m	5.07 m x 3.92 m
Main Level	Other	2.94 m	5.96 m	2.94 m x 5.96 m
Main Level	Office	1.73 m	3.69 m	1.73 m x 3.69 m
Main Level	Other	3.75 m	4.26 m	3.75 m x 4.26 m
Main Level	Other	3.22 m	3.21 m	3.22 m x 3.21 m
Main Level	Other	2.79 m	0.91 m	2.79 m x 0.91 m

https://www.realtor.ca/real-estate/29668347/64-francis-street-n-kitchener