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:4069)
| Address |
59 BRYBECK Crescent |
| List Price |
$1,390,000 |
| Property Type |
Multi-family |
| Area |
Ontario |
| Sub-Area |
Kitchener |
| Bedrooms |
12 |
| Bathrooms |
6 |
| Floor Area |
6,168 Sq. Ft. |
| Year Built |
1969 |
| MLS® Number |
40671216 |
| Listing Brokerage |
Flux Realty
|
| Basement Area |
Full (Finished) |
| Postal Code |
N2M2C5 |
| Zoning |
R6 |
| Site Influences |
Hospital, Public Transit, Schools, Shopping |
| Features |
Paved driveway, Shared Driveway, Laundry- Coin operated |
