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64 FRANCIS Street

64 FRANCIS Street

Kitchener, Ontario

1 bed • 3 bath • Single Family

$1,400,000

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.

Price History

Schools

Elementary

  • Margaret Avenue Public School0.7 km

    Public · Waterloo Region DSB · 310 students

  • Suddaby Public School0.9 km

    Public · Waterloo Region DSB · 505 students

    Grade 3 reading: 67% met the provincial standard · Grade 6 math: 58% met the provincial standard

  • King Edward Public School1 km

    Public · Waterloo Region DSB · 380 students

    Grade 3 reading: 55% met the provincial standard · Grade 6 math: 30% met the provincial standard

Secondary

  • Kitchener Waterloo Collegiate and Vocational School1.2 km

    Public · Waterloo Region DSB · 1650 students

    Grade 10 literacy: 88% met the provincial standard

  • Cameron Heights Collegiate Institute1.4 km

    Public · Waterloo Region DSB · 1765 students

    Grade 10 literacy: 90% met the provincial standard

  • Bluevale Collegiate Institute2.4 km

    Public · Waterloo Region DSB · 1115 students

    Grade 10 literacy: 88% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area N2H

Population
22,456
Private dwellings
11,453
Median age
38.4
Average household size
2.1
Median household income
$73,500

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Single Family in Kitchener · last 12 months

Median sold price
$665,000
Homes sold
1,924
Median days on market
20
Sale-to-list price
101.0%

Based on 1,924 recorded sales of single family properties in Kitchener over the last 12 months.

Location

Mortgage Calculator

$280,000

Estimated Monthly Payment

$6,878

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $6,878/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $350/mo

Estimates only. Consult a financial advisor.

R

Reita | Assistant

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