64 FRANCIS Street N

Kitchener, Ontario N2H5B5

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$1,400,000

3,289.02 sqft

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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:54619)

General Info

Appliances: Water softener

Basement: Full (Partially finished)

Building Type: House

Total Stories: 2

Amenities Nearby: Public Transit

Parking: Attached Garage, Open

Community Features: Quiet Area

Rooms

Second level: 3pc Bathroom; Measurements not available

: Den; 10'8'' x 11'8''

: Bedroom; 17'8'' x 14'1''

: Living room; 24'2'' x 14'11''

: Dining room; 11'4'' x 15'1''

: Kitchen; 16'11'' x 12'11''

Basement: Gym; 11'2'' x 12'10''

: Utility room; 14'8'' x 25'8''

: Storage; 11'2'' x 7'4''

: Storage; 9'0'' x 3'10''

: 1pc Bathroom; Measurements not available

: Laundry room; 17'8'' x 11'7''

: Recreation room; 23'7'' x 11'6''

: Utility room; 17'5'' x 2'5''

Main level: 2pc Bathroom; Measurements not available

: Storage; 9'2'' x 3'0''

: Other; 10'7'' x 10'6''

: Other; 12'3'' x 14'0''

: Studio; 16'8'' x 12'10''

: Studio; 14'6'' x 27'2''

: Studio; 16'5'' x 10'6''

: Office; 5'8'' x 12'1''

: Foyer; 9'8'' x 19'7''

Other Details 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:54619)