64 Francis Street
Kitchener, ON
- 8,949 sqft
- Commercial Retail
- 131 days on market
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.
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Listing Details
- Taxes (2025)
- $10,929
- Listed
- April 28, 2026
Price History
Listing history
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Property
- Age
- 51-99
- Lot Size
- 55 x 157 Feet
Parking
- Garage
- Double Detached
Location & Legal
- Cross Street
- Water Street N
- Zoning
- SFA-3
- Parcel Number
- 223170029
- Possession
- 90+ days
- Occupancy
- Owner
Included
- Rental Items
- Hot Water Heater
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
Commercial in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,919
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,919 recorded sales of commercial properties in Kitchener over the last 12 months.
Listed by
CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
Walk Score
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Location
Street View
Commercial figures
- Building area
- 8,949 sq ft
- Price per sq ft
- $156.44
- Annual property tax
- $10,929
- Tax per sq ft
- $1.22
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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