Space
Finished area and layout
- Living Area
- 3,289 sqft
- Above Grade
- 3,289 sqft (Other)
- Finished Breakdown
- Above 3,289 sqft
- Building Area
- 8,949 sqft
- Bedrooms
- 1
- Bathrooms
- 3
+29 more
1
Bedrooms
3
Bathrooms
3,289 sqft
Living Area
55 x 157 FT
Lot
9
Parking
Property Snapshot
Key details for this listing
MLS #40823030
Property
Type, style and structure
- Type
About This Property
This 1-bedroom, 3-bathroom detached in Kitchener offers 3,289 sqft of living area on a 55 x 157 FT lot. 2 storeys. The property has zoned SFA-3. The home features central air, a partial basement, full, half, walk-up basement. Highlights include a none pool.
MLS Remarks
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:60351)
Looking for Something Similar?
We can help you find properties matching your criteria, including exclusive listings not yet on the market.
Save favorites, track showings, view sold data & get market alerts — Free account — 100% free
