59 Brybeck Crescent new Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2M 2C5
Key Details
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 4,112 sqft
Price per Sqft $338
MLS Listing ID 40671216
Bedrooms 12
Year Built 1969
Annual Tax Amount $9,508
Property Description
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.
Location
Province ON
County Waterloo
Area 3 - Kitchener West
Zoning R6
Rooms
Other Rooms None
Kitchen 0
Interior
Heating Natural Gas,Radiant,Radiator
Cooling Other
Laundry Coin Operated
Exterior
Exterior Feature Balcony
Garage Asphalt,Mutual/Shared
Waterfront No
Roof Type Asphalt Shing
Building
Lot Description Hospital,Public Transit,Schools,Shopping Nearby
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No