64 FRANCIS Street N, Kitchener, ON N2H5B5
64 FRANCIS Street N, Kitchener, ON N2H5B5
64 FRANCIS Street N, Kitchener, ON N2H5B5
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Paul Shantz

Paul Shantz

+1(519) 829-8656
$1,400,000
Est. payment /mo
3,289 SqFt
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Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3289

Square Footage 3,289 sqft

Price per Sqft $425

Subdivision 212 - Downtown Kitchener/East Ward

MLS® Listing ID 40823027

Property Sub-Type Freehold

Property Description

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:24570)

Location

Province ON

Rooms

Kitchen 0.0

Exterior

Parking Features Yes

View Y/N No

Attached Garage Yes

Garage Yes

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold

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Listed by Chestnut Park Realty Southwestern Ontario Limited

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Paul Shantz
Paul Shantz

Agent License ID: 6008661

+1(519) 829-8656

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64 FRANCIS Street N

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