59 BRYBECK Crescent Active Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2M2C5
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 6,168 sqft
Price per Sqft $225
Subdivision 323 - Victoria Hills
MLS Listing ID 40671216
Bedrooms 12
Originating Board Cornerstone - Waterloo Region
Year Built 1969
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. (id:24570)
Location
Province ON
Interior
Heating Radiant heat,
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 10
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold