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59 Brybeck Crescent Kitchener, Ontario N2M 2C5

12 Bedroom 6 Bathroom 6168 sqft
Radiant Heat

$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:59646)

Property Details

MLS® Number 40671216
Property Type Multi-family
Neigbourhood Victoria Hills
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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