ON > Kitchener
Kitchener, ON N2M 2C5,59 Brybeck CRES
Kitchener, ON N2M 2C5,59 Brybeck CRES
Kitchener, ON N2M 2C5,59 Brybeck CRES
Kitchener, ON N2M 2C5,59 Brybeck CRES
Kitchener, ON N2M 2C5,59 Brybeck CRES
Kitchener, ON N2M 2C5,59 Brybeck CRES
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Nasser Atta

Nasser Atta

+1(289) 677-4020
$ 1,390,000
Est. payment | /mo

8 Beds

6 Baths

Save
$ 1,390,000
Est. payment | /mo
Save

8 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

MLS Listing ID X10406018

Style 2-Storey

Bedrooms 8

Annual Tax Amount $9,508

Tax Year 2024

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

Rooms

Family Room No

Basement Finished

Kitchen 6

Separate Den/Office 4

Interior

Interior Features Water Heater, Water Softener, Carpet Free

Cooling None

Fireplace No

Heat Source Gas

Exterior

Garage Private

Garage Spaces 10.0

Pool None

Waterfront No

Roof Type Asphalt Shingle

Parking Type None

Total Parking Spaces 10

Building

Unit Features Public Transit,Rec./Commun.Centre,School,Place Of Worship

Foundation Poured Concrete

Listed by FLUX REALTY
advisor-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(289) 677-4020

nasser.atta@onestopbroker.ca

130 KING ST W UNIT 1900B TORONTO, Ontario M5X1E3

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59 Brybeck CRES