Kitchener, ON N2M 2C5,59 Brybeck Crescent
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Kitchener, ON N2M 2C5,59 Brybeck Crescent
Kitchener, ON N2M 2C5,59 Brybeck Crescent
Kitchener, ON N2M 2C5,59 Brybeck Crescent
Kitchener, ON N2M 2C5,59 Brybeck Crescent
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Listed by Matt Phipps • Flux Realty
$ 1,390,000
Est. payment /mo
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Active

59 Brybeck Crescent Kitchener, ON N2M 2C5

12 Beds

6 Baths

4,112 SqFt


UPDATED:

10/30/2024 08:36 PM

Key Details

Property Type Multi-Family

Sub Type Multi-6-9 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 4,112 sqft

Price per Sqft $338

MLS Listing ID 40671216

Bedrooms 12

Abv Grd Liv Area 6,168

Originating Board Waterloo Region

Year Built 1969

Annual Tax Amount $9,508

Property 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.

Location

Province ON

County Waterloo

Area 3 - Kitchener West

Zoning R6

Direction Westmount to Brybeck

Rooms

Other Rooms None

Basement Full, Finished

Kitchen 0

Interior

Heating Natural Gas, Radiant, Radiator

Cooling Other

Fireplace No

Appliance Water Softener, Refrigerator, Stove

Laundry Coin Operated

Exterior

Exterior Feature Balcony

Garage Asphalt, Mutual/Shared

Waterfront No

Roof Type Asphalt Shing

Street Surface Paved

Lot Frontage 75.0

Lot Depth 165.0

Garage No

Building

Lot Description Hospital, Public Transit, Schools, Shopping Nearby

Faces Westmount to Brybeck

Story 2

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 224380094

Ownership Freehold/None


Peter Kolisnyk

Broker | Private Office Advisor | License ID: OM14164

+1(905) 815-3521

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