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Pemberton Holmes Ltd.

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64 FRANCIS Street N
homes for sale · Kitchener · Downtown Kitchener/East Ward
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$1,400,000

64 FRANCIS Street N

Downtown Kitchener/East Ward, Kitchener · MLS® 40823030

139

3,289 sq ft · House · Single Family · 179 days on market

listed by MIRANDA O'SULLIVAN, Chestnut Park Realty Southwestern Ontario Limited

realtor's 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.

property details

type
House, Single Family
bedrooms
1
bathrooms
3
living area
3,289 sq ft
parking
9
property tax
$10,929 / yr
days on market
179
MLS®
40823030

features

  • Cul-de-sac
  • Automatic Garage Door Opener
  • Quiet Area
  • Water softener

monthly cost

$7,010/mo
Mortgage $6,100 · Tax $911

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$6,100/ monthly
loan $1,120,000
25-year amortization
total interest
$709,900
cash to close
$280,000
down payment; transfer tax and fees not included
total paid
$1,829,900

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
MIRANDA O'SULLIVAN
Chestnut Park Realty Southwestern Ontario Limited
call MIRANDA · 519-804-7200
Powered by: REALTOR.ca
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location

Downtown Kitchener/East Ward, KitchenerGoogle Maps ↗

location

Downtown Kitchener/East Ward, KitchenerGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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149 YOUNG Street, Kitchener, photo 2
149 YOUNG Street, Kitchener, photo 3
149 YOUNG Street, Kitchener, photo 4
149 YOUNG Street, Kitchener, photo 5
149 YOUNG Street, Kitchener, photo 6
149 YOUNG Street, Kitchener, photo 7
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149 YOUNG Street, Kitchener
149 YOUNG Street, Kitchener, photo 2
149 YOUNG Street, Kitchener, photo 3
149 YOUNG Street, Kitchener, photo 4
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149 YOUNG Street, Kitchener, photo 7
149 YOUNG Street, Kitchener, photo 8
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