$1,400,000
Est. payment $6,199/moCalculate yours
64 Francis Street N, Kitchener, ON N2H 5B5
Kitchener, ON N2H 5B5
- 1 Beds
- 3 Baths
- 2 Garage
- 3,000 Sq Ft
Listing courtesy of CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD MLS® X13054458
About this home
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.
Property details
Overview
- Property Type
- Detached
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 51-99
- Size
- 3,000 sqft
Interior
- Bedrooms
- 1
- Bathrooms
- 3
- Kitchens
- 1
- Basement
- Partial Basement, Full, Half, Walk-Up
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Vinyl Siding
- Foundation
- Poured Concrete
- Roof
- Metal
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 55 x 157 Feet
- Parking
- Attached garage · 9 total
- Zoning
- SFA-3
Financial
- Property Taxes
- $10,929 (2025)
Location
- Cross Street
- Water Street N
- Direction Faces
- North
Listing
- MLS® Number
- X13054458
- Days on Market
- 173
- Listed On
- 2026-04-28
- Possession
- 90+ days
- Listed By
- CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
Rooms
Features
Interior
- Accessory Apartment
- Auto Garage Door Remote
- Water Softener
Pool
- None
- Rental items
- Hot Water Heater
Mortgage calculator
Estimated mortgage payment
$6,199 per month
- Principal and interest
- $6,199
- Property tax
- $911
- Condo fees
- $0
- Estimated monthly cost
- $7,110
Your mortgage
- Mortgage amount
- $1,120,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $739,669
Cash to close
- Down payment
- $280,000
- Land transfer tax
- $24,475
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $304,475
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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