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Property Type: Detached HouseOwnership: Freehold
64 FRANCIS Street N
Kitchener, ON N2H5B5
MLS® 40823030
$1,400,000
1 bed3 full, 2 half bath9 parking3,289 sqft
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Frontage
- 55 feet
SGW-3
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $10,929.33
Interior
- Basement
- Partially finished, Full
- Heating
- Forced air
- Cooling / A/C
- Central air conditioning
- Fireplace
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Gym | Basement | 12'10'' x 11'2'' |
| Utility room | Basement | 25'8'' x 14'8'' |
| Storage | Basement | 7'4'' x 11'2'' |
| Storage | Basement | 3'10'' x 9'0'' |
| 1pc Bathroom | Basement | — |
| Laundry room | Basement | 11'7'' x 17'8'' |
| Recreation room | Basement | 11'6'' x 23'7'' |
| Utility room | Basement | 2'5'' x 17'5'' |
| 3pc Bathroom | Second level | — |
| Den | Second level | 11'8'' x 10'8'' |
| Bedroom | Second level | 14'1'' x 17'8'' |
| Living room | Second level | 14'11'' x 24'2'' |
| Dining room | Second level | 15'1'' x 11'4'' |
| Kitchen |
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. (id:63159)
Listing Information
- MLS®
- 40823030
- Data last synced
- September 15, 2026
Chestnut Park Realty Southwestern Ontario Limited
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Chestnut Park Realty Southwestern Ontario Limited
MLS® Number: 40823030
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Cornerstone Association of REALTORS®.
Values & Trends
This listing
$426/sqft
Building average
—
No other active listings in this building
212 - Downtown Kitchener/East Ward average
$391/sqft
31 active listing(s)
Parking: 9 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Kitchener-Waterloo
4°C
Mist
Humidity 97%
Wind N 4 km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
256,885
(2021 Census)
+10.1% since 2016
Similar Listings Nearby
No similar listings found nearby right now.
Mortgage & Ownership Cost Calculator
Minimum required: 8.2% ($115,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$1,120,000.00
Periodic payment — Principal & Interest (monthly)$7,225.86
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,074.78
Total monthly cost$8,300.64
Interest paid over 5-yr term$320,995.22
Balance at end of term$1,007,443.62
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$115,000
Stress test qualifying rate8.19%
Payment you must qualify for$9,963.56
Cash Needed at Closing
Minimum down payment$115,000
Estimated Land Transfer Tax (LTT)$24,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$140,975
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.