Kitchener, ON N2M2C5,59 BRYBECK Crescent
Kitchener, ON N2M2C5,59 BRYBECK Crescent
Kitchener, ON N2M2C5,59 BRYBECK Crescent
15
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$1,349,900
Est. payment /mo
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12 BD
6 BA
6,168 SqFt
Price Dropped by $40K

59 BRYBECK Crescent Kitchener, ON N2M2C5

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Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 6,168 sqft

Price per Sqft $218

Subdivision 323 - Victoria Hills

MLS® Listing ID 40671216

Bedrooms 12

Originating Board Cornerstone - Waterloo Region

Year Built 1969

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. (id:24570)

Location

Province ON

Interior

Heating Radiant heat,

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 10

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold


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Listed by Flux Realty

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Leanne McNabb

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+1(587) 573-6678

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59 BRYBECK Crescent