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Caroline Marshall

carolinesellsmuskoka@gmail.com +1(705) 388-1792

$ 1,400,000

Est. payment -/mo

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Active

64 Francis ST Kitchener, ON N2H 5B5

3,289 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 3,289 sqft

Price per Sqft $425

MLS Listing ID 40823027

Abv Grd Liv Area 3,289

Annual Tax Amount $10,929

Property Sub-Type Building and Land

Source Cornerstone

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.

Location

Province ON

County Waterloo

Area 2 - Kitchener East

Zoning SGA-3

Direction Water St. N. to Francis St. N.

Rooms

Basement Full

Kitchen 0

Interior

Fireplace No

Exterior

Parking Features Attached Garage

Garage Spaces 2.0

Lot Frontage 55.0

Lot Depth 157.0

Garage No

Building

Lot Description Rectangular, City Lot

Faces Water St. N. to Francis St. N.

Story 2

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Aluminum Siding

New Construction No

Others

Senior Community false

Tax ID 223170029

Ownership Freehold/None

Virtual Tour https://unbranded.youriguide.com/36evp_64_francis_st_n_kitchener_on/

Listed by Chestnut Park Realty Southwestern Ontario Limited

NEARBY SCHOOLS & PROPERTIES

Caroline Marshall

+1(705) 388-1792

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