Property Details

5 DEVINWOOD Avenue, Walkerton, Ontario, N0V2G0

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For sale, ID#: 40326862
5 DEVINWOOD Avenue
Walkerton Ontario
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31 Beds
31 Bath
$15,000,000

31 unit, new concrete luxury, elevator equipped apartment building in the Bruce Power catchment area. A fast growing desirable area in southwest Ontario. All units are 2 bedroom, 2 bath with 5 appliances. Walkerton is a high demand area for upscale units for business relocation and retirement. The sale also includes approximately 1.6 acres of land. Site planned for an additional 31 unit building. The net income calculated for the single 31 unit building is returning a 5% cap rate. Constructing the second 31 unit building on the site, will increase cap rate to approximately 6%. Completion expected spring to summer of 2023. Being constructed by the developer. Proforma uses expected rents and expenses as recorded on new build comparable buildings in this area. Proforma net income $749,570.00. (id:2471)

Representatives
Ian & Franci Ross Broker & Sales Representative
Right At Home Realty Brokerage - Barrie
Property Details
  • Property Address: 5 DEVINWOOD Avenue, Walkerton, Ontario, N0V2G0
  • Property Type: Multi-family
  • Zoning Description: R3
  • Title: Freehold
  • Lot Size: 1.6
  • Acreage: 1.6 ac|1/2 - 1.99 acres
  • Sewage Type: Municipal sewage system
  • Water Type: Municipal water
  • Amenities Nearby: Golf Nearby, Hospital, Schools, Shopping
Structure Details
  • Storeys: 4
  • Floor Space: 12500
  • Bedrooms: 31
  • Bathrooms: 31-Total
  • Basement Type: None
  • Cooling: Central air conditioning
  • Appliances Included: Water meter
Amenities / Features
  • Golf course/parkland
  • School Bus
Neighbourhood Information

Listing Office: Ed Lowe Limited Brokerage

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5 DEVINWOOD Avenue, Walkerton, Ontario, N0V2G0

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