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Home ON Kitchener - Cambridge - Waterloo Kitchener Victoria Hills
59 BRYBECK Crescent
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59 BRYBECK Crescent $1,390,000
$1,390,000
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59 BRYBECK Crescent
Kitchener, Ontario N2M2C5

MLS® Number: 40671216
12
Bedrooms
6
Bathrooms
6168
Square Feet

Listing 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. (68269504)

Location Description

Westmount to Brybeck

Property Summary

Property Type
Multi-family
Storeys
2
Square Footage
6168 sqft
Subdivision Name
323 - Victoria Hills
Title
Freehold
Land Size
under 1/2 acre
Built in
1969
Annual Property Taxes
$9,508
Total Parking Spaces
10
Time on REALTOR.ca
24 days

Building

Bathrooms
Total
6
Interior Features
Appliances Included
Water softener
Basement Type
Full (Finished)
Building Features
Features
Paved driveway, Shared Driveway, Laundry- Coin operated
Foundation Type
Poured Concrete
Total Units
6
Heating & Cooling
Heating Type
Radiant heat, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Amenities Nearby
Hospital, Public Transit, Schools, Shopping
Parking
Total Parking Spaces
10

Measurements

Square Footage
6168 sqft
Above Grade Finished
4112 sqft
Source: Other
Below Grade Finished
2056 sqft
Source: Other

Land

Lot Features
Frontage
75 ft
Land Depth
165 ft
Other Property Information
Access
Road access
Zoning Description
R6
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2

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