$1,349,900
 $7,247 forsale estimated payment Sourced by Back At You

59 Brybeck Crescent , Kitchener, ON N2M 2C5

Kitchener, ON N2M 2C5

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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.

Details

Mls40671216
Listing TypeFor Sale
StyleAttachd
SubtypeResale
StatusActive
Year1969
Days On Site35
Listing Provided ByFlux Realty | Matt Phipps

Features

Beds12
Baths6
Sq Feet4,112
BasementY
Storys2
Units6
ZoningR6
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Learn More About This Property

Nigel Garcia

Nigel Garcia

Coldwell Banker Community Professionals

4744379 (905) 537-8677Contact Me Form Link
StateON
CountyWaterloo
CityKitchener
Zip CodeN2M 2C5
Area3 Kitchener West
Subarea323 Victoria Hills
Community Name323 Victoria Hills
Listing VS Median (in 323 Victoria Hills)
Price:
$1,349,900
low | high
Med:
$608,200
100% of Average
SqFt:
4,112
low | high
Med:
1,122
100% of Average
$ / SqFt:
$328
low | high
Med:
$544
15.617808506006% of Average
On Site:
35
low | high
Med:
114.000000
30.701754385965% of Average
Sourced by Back At You
Listing Updated: November 25, 2024 at 8:05:34 PM PST

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Nigel Garcia
318 Dundurn St. South UI 1
Hamilton, Ontario L8P 4L6
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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Hamilton-Burlington.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.
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