Property Description for 59 BRYBECK Crescent
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. (id:38686)
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Property Details
Property Tax
: $9,508MLS® #
: 40671216
Home Features
Property Type
: MultiFamilySquare Footage
: 6,168 SQFTSubdivision
: 323 - Victoria Hills
Interior Features
Heating
: Radiant heat, Natural gasBasement
: Finished, Full
Utilities
Sewer
: Municipal sewage system
Other
Exterior Features
: Brick
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