59 Brybeck Crescent Kitchener, Ontario N2M 2C5
$1,390,000
ATTENTION VALUE-ADD INVESTORS! This purpose built sixplex currently consists of large 2 bedroom units generating $83k/yr in gross income. With a design to renovate and optimize this property adding 4 additional units, this property could generate over $211k/yr in gross income. This project is also a great opportunity to take advantage of the CMHC MLI Select program offering competitive interest rates and 40+yr amortizations. As per Bill 23 in Ontario any projects 10 units and under are exempt from site-plan approval. This project has not yet applied for permit but preliminary discussions with the city have been positive. Buyer to do their own due diligence. Reach out today for more information and for current and projected financials. (id:46441)
Property Details
| MLS® Number | 40671216 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Public Transit, Schools, Shopping |
| Features | Paved Driveway, Shared Driveway, Laundry- Coin Operated |
| Parking Space Total | 10 |
Building
| Bathroom Total | 6 |
| Bedrooms Total | 12 |
| Appliances | Water Softener |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1969 |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 6168 Sqft |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Hospital, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 165 Ft |
| Size Frontage | 75 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R6 |
https://www.realtor.ca/real-estate/27598288/59-brybeck-crescent-kitchener
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October 30 2024 08:36:43
Kitchener-Waterloo Association of REALTORS®
Flux Realty