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59 Brybeck Crescent

Brybeck Crescent, Victoria Hills, Kitchener, ON, N2M 2C5

12
Beds
6
Baths
6,168
Sq. Ft.
$1,390,000
List Price
Details
Photos
15
Comparables
History
59 Brybeck Crescent, Kitchener, ON - 1 of 3
59 Brybeck Crescent, Kitchener, ON - 2 of 3
59 Brybeck Crescent, Kitchener, ON - 3 of 3
New
22 days on market

Quick Summary

  • Lucrative purpose-built sixplex
  • Generates $83k annual gross income
  • Opportunity to add 4 more units
  • Potential $211k annual gross income
  • Eligible for CMHC MLI Select program
  • Exempt from site-plan approval
  • Positive preliminary city discussions
  • Buyer to conduct own due diligence

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... Show More

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:54626)

Property Details

Size

6,168 sq. ft.
across 2 floors
12 Beds
6 Baths
6 Full

Parking

10 Parking Spaces
-

Lot

Size
900′0″ * 1980′0″
Acres
-

Build

Year Built
1969
Model Name
-
Basement
Finished
Exterior
Brick
Foundation
Poured Concrete
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Radiant heat
Cooling
-

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40671216
Last Updated
October 30, 2024
Brokerage
Flux Realty
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Call us 800-591-0566

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