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59 Brybeck Crescent Kitchener, Ontario N2M 2C5

12 Bedroom 6 Bathroom 6168 sqft
Radiant Heat

$1,349,900

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:52468)

Property Details

MLS® Number 40671216
Property Type Multi-family
AmenitiesNearBy Hospital, Public Transit, Schools, Shopping
Features Paved Driveway, Shared Driveway, Laundry- Coin Operated
ParkingSpaceTotal 10

Building

BathroomTotal 6
BedroomsTotal 12
Appliances Water Softener
BasementDevelopment Finished
BasementType Full (finished)
ConstructedDate 1969
ExteriorFinish Brick
FoundationType Poured Concrete
HeatingFuel Natural Gas
HeatingType Radiant Heat
StoriesTotal 2
SizeInterior 6168 Sqft
UtilityWater Municipal Water

Land

AccessType Road Access
Acreage No
LandAmenities Hospital, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
SizeDepth 165 Ft
SizeFrontage 75 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription R6

https://www.realtor.ca/real-estate/27598288/59-brybeck-crescent-kitchener

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Matt Phipps
Salesperson


Flux Realty
196 Victoria St. S.,
Kitchener, Ontario N2G 2B9

Zack Brittain
Salesperson


Flux Realty
196 Victoria St. S.,
Kitchener, Ontario N2G 2B9

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