59 Brybeck Crescent, Kitchener, ON, N2M 2C5

$1,390,000

MLS® # 40671216

Investment For Sale In Victoria Hills, Kitchener, Ontario

$1,390,000

Property Information:

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.

Inclusions: Carbon Monoxide Detector,Smoke Detector,Other

Exclusions : Tenants Belongings

Building Features:

  • Floor Space: 4112 Square Feet

Property Features:

  • Bedrooms: 12
  • Acres Range: < 0.5
  • Basement: Full, Finished
  • Built in: 1969
  • Construction Materials: Brick
  • Cooling: Other
  • Driveway Parking: Outside/Surface/Open
  • Exterior Features: Balcony
  • Floor Space (approx): 6168 Square Feet
  • Heating: Natural Gas, Radiant, Radiator
  • Laundry Features: Coin Operated
  • Lot Depth: 165 Feet
  • Lot Features: Hospital, Public Transit, Schools, Shopping Nearby
  • Lot Frontage: 75.00 Feet
  • Other Structures: None
  • Parking Features: Asphalt, Mutual/Shared
  • Road Frontage Type: Municipal Road
  • Road Surface Type: Paved
  • Roof: Asphalt Shing
  • Security Features: Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s)
  • Water Source: Municipal
  • Zoning: R6
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 10

Courtesy of: Flux Realty

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Additional Photos