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:66096)
Property Details
MLS®
X13054454
Property Type
Retail
Zoning
SFA-3
Parking
9
Interior Size
8,949 ft²
Lot Size
55 × 157 ft (8,635 sq ft)
Frontage
55 ft
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$10,929.33/yr
Listed
190 days ago
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
190d
Kitchener listings, avg age
53d
Price / ft²
$156
List price
$1.40M
Long Listed: 190 days on market, against an average age of 53 days across the listings currently for sale in this city
Market timing · days on market0 → 53d avg age of current listings
Long Listed · day 190
Homes here sell faster than most markets
Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 100.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
Haho
This retail in Kitchener is available now. Want me to connect you with the agent or keep you posted on any price updates?
Listed by CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD · MIRANDA O'SULLIVAN
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (N2H)
This home lists at $1,400,000, about 19.0× the local median household income of $73,500.
Carrying it typically needs a household income of about $273,469 (20% down, 25-yr amortization, stress-tested) — roughly 272% above the area median.
Median household income
$73,500
Population
22,456
Median age
38.4
Owner / renter
49% / 51%
Avg. household size
2.1
Source: Statistics Canada, 2021 Census (FSA N2H)
$1,400,000· $156/ft²
For sale
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Financing
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