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$1,390,000
Status: For Sale
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.
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40671216 |
| Listing Type | :Sale |
| Property Age | :51-99 Years years |
| Possession Date | : |
| Last Updated | :30 Oct, 2024 (7 Days ago) |
| Source | :Waterloo Region |
| Area | :Waterloo |
|---|---|
| City | :Kitchener |
| Area Major | :3 - Kitchener West |
| Area Minor | :323 - Victoria Hills |
| Postal Code | :
N2M 2C5
|
| Directions | :Westmount to Brybeck |
| Price | : $1,390,000 |
|---|---|
| Property Taxes | :$9508 |
| Tax Year | :2024 |
|---|
| Bedrooms | :12 + |
|---|---|
| Air Conditioning | :Other |
| Heating | :Natural Gas |
| Place of Worship | :No |
| Bathrooms | :6 |
|---|---|
| Approx Square Footage | :6168 sqft |
| Parking Space | :10 |
|---|---|
| Basement | :Full |
30 Oct, 2024
TREB #40671216
Listed
$1390000
