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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: X10406018
8 + 4
Bedrooms
6
Bathrooms
3500 - 5000
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. (38019417)

Location Description

WESTMOUNT/BRYBECK

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
2
Square Footage
3500 - 5000 sqft
Land Size
75 x 165 FT
Annual Property Taxes
$9,508
Total Parking Spaces
10
Time on REALTOR.ca
17 days

Building

Bedrooms
Above Grade
8
Below Grade
4
Bathrooms
Total
6
Interior Features
Appliances Included
Water Heater, Water softener
Basement Type
N/A (Finished)
Building Features
Features
Carpet Free
Foundation Type
Poured Concrete
Heating & Cooling
Heating Type
Radiant heat (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
Community Centre
Amenities Nearby
Public Transit, Schools, Place of Worship
Parking
Total Parking Spaces
10

Measurements

Square Footage
3500 - 5000 sqft

Land

Lot Features
Frontage
75 ft
Land Depth
165 ft
Other Property Information
Zoning Description
R2
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3

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