$1,390,000
59 Brybeck CRES Kitchener, ON N2M 2C5
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$1,390,000
Est. payment /mo
8 BD
6 BA
New
59 Brybeck CRES Kitchener, ON N2M 2C5
UPDATED:
11/04/2024 04:54 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
MLS Listing ID X10406018
Style 2-Storey
Bedrooms 8
Annual Tax Amount $9,508
Tax Year 2024
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
Rooms
Family Room No
Basement Finished
Kitchen 6
Separate Den/Office 4
Interior
Interior Features Water Heater, Water Softener, Carpet Free
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Private
Garage Spaces 10.0
Pool None
Waterfront No
Roof Type Asphalt Shingle
Parking Type None
Total Parking Spaces 10
Building
Unit Features Public Transit,Rec./Commun.Centre,School,Place Of Worship
Foundation Poured Concrete
Listed by FLUX REALTY
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