Kitchener, ON, N2M 2C5
Kitchener, ON, N2M 2C5
$1,390,000
Request info
Basics
- Date added: Added 3 weeks ago
- Category: Residential Income
- Type: Multi-6-9 Unit
- Status: Active
- Bedrooms: 12
- Bathrooms: 6
- Area: 4112 sq ft
- Year built: 1969
- County Or Parish: Waterloo
- MLS ID: 40671216
Description
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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.
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Location
- Parking Total: 10
- Directions: Westmount to Brybeck
Building Details
- Number Of Units Total: 6
- Building Area Total: 6168 sq ft
- Number Of Buildings: 0
- Parking Features: Asphalt, Mutual/Shared
- Security Features: Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s)
- Construction Materials: Brick
- Roof: Asphalt Shing
Amenities & Features
- Water Source: Municipal
- Appliances: Water Softener, Refrigerator, Stove
- Sewer: Sewer (Municipal)
- Exterior Features: Balcony
- Cooling: Other
- Heating: Natural Gas, Radiant, Radiator
