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:19593)

Property Details

MLS® Number	40823030
Property Type	Single Family
Amenities Near By	Public Transit
Community Features	Quiet Area
Equipment Type	Water Heater
Features	Cul-de-sac, Automatic Garage Door Opener
Parking Space Total	9
Rental Equipment Type	Water Heater

Building

Bathroom Total	3
Bedrooms Above Ground	1
Bedrooms Total	1
Appliances	Water Softener
Architectural Style	2 Level
Basement Development	Partially Finished
Basement Type	Full (partially Finished)
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning
Exterior Finish	Aluminum Siding
Foundation Type	Poured Concrete
Half Bath Total	2
Heating Type	Forced Air
Stories Total	2
Size Interior	3,289 Ft2
Type	House
Utility Water	Municipal Water

Parking

Attached Garage
Open

Land

Acreage	No
Land Amenities	Public Transit
Sewer	Municipal Sewage System
Size Depth	157 Ft
Size Frontage	55 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	Sgw-3

Rooms

Level	Type	Length	Width	Dimensions
Second Level	3pc Bathroom			Measurements not available
Second Level	Den			10'8'' x 11'8''
Second Level	Bedroom			17'8'' x 14'1''
Second Level	Living Room			24'2'' x 14'11''
Second Level	Dining Room			11'4'' x 15'1''
Second Level	Kitchen			16'11'' x 12'11''
Basement	Gym			11'2'' x 12'10''
Basement	Utility Room			14'8'' x 25'8''
Basement	Storage			11'2'' x 7'4''
Basement	Storage			9'0'' x 3'10''
Basement	1pc Bathroom			Measurements not available
Basement	Laundry Room			17'8'' x 11'7''
Basement	Recreation Room			23'7'' x 11'6''
Basement	Utility Room			17'5'' x 2'5''
Main Level	2pc Bathroom			Measurements not available
Main Level	Storage			9'2'' x 3'0''
Main Level	Other			10'7'' x 10'6''
Main Level	Other			12'3'' x 14'0''
Main Level	Studio			16'8'' x 12'10''
Main Level	Studio			14'6'' x 27'2''
Main Level	Studio			16'5'' x 10'6''
Main Level	Office			5'8'' x 12'1''
Main Level	Foyer			9'8'' x 19'7''

https://www.realtor.ca/real-estate/29668047/64-francis-street-n-kitchener