59 Brybeck Cres
Kitchener, N2M 2C5
FOR SALE
$1,390,000
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8 + 4
BEDROOMS6
BATHROOMS4 + 2
KITCHENS36
ROOMSX10406018
MLSIDContact Us
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.
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Property Features
Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
City
Property Type
Multiplex, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
75' x 165'
Fronting
South
Taxes
$9,508 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
10
Driveway
Private
Garage Type
None
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Listing contracted with Flux Realty
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