59 BRYBECK Crescent, Kitchener, Ontario
$1,390,000
- 12 Beds
- 6 Baths
- 6,168 Square Feet
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:23309)
- Listing ID: 40671216
- Property Type: Multi-family
- Year Built: 1969
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 59 BRYBECK Crescent in Kitchener Ontario. It was last modified on October 30th, 2024. Contact Bob Downer to schedule a viewing or to discover other Kitchener real estate for sale.