64 Francis Street N

- $1,400,000

Kitchener, N2H5B5
MLS ® X13054458

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:38551)

Features

  • Paved Yard

Location

Details

64 Francis Street N, , Kitchener

  • Land
    55 x 157 FT
  • Bedrooms

    Above Grade: 1

    1
  • Bathrooms
    3 + 2 Half
  • Parking

    Attached Garage, Garage

    9

Rooms

64 Francis Street N, , Kitchener

  • Dining Room

    second level

    3.46 m x 4.6 m
  • Kitchen

    second level

    5.14 m x 3.94 m
  • Living Room

    second level

    7.37 m x 4.56 m
  • Bedroom

    second level

    5.39 m x 4.3 m
  • Den

    second level

    3.25 m x 3.55 m
  • Other

    basement

    3.39 m x 3.92 m
  • Laundry Room

    basement

    5.39 m x 3.59 m
  • Recreational, Games Room

    basement

    7.19 m x 3.51 m
  • Other

    basement

    1.26 m x 2.24 m
  • Other

    basement

    3.39 m x 2.22 m
  • Other

    basement

    4.48 m x 7.82 m
  • Office

    main level

    5 m x 3.21 m
  • Office

    main level

    4.42 m x 8.27 m
  • Office

    main level

    5.07 m x 3.92 m
  • Other

    main level

    2.94 m x 5.96 m
  • Office

    main level

    1.73 m x 3.69 m
  • Other

    main level

    3.75 m x 4.26 m
  • Other

    main level

    3.22 m x 3.21 m
  • Other

    main level

    2.79 m x 0.91 m