5 Devinwood Avenue Walkerton, ON N0V2G0

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Description

31 Unit, new concrete luxury, elevator equipped Apartment building. (construction to begin this Summer). 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 4.25% cap rate. Building the second 31 unit will increase cap rate to approximately 5%. (id:41440)

MLS®:
40249720

Lot Size
1.6 acres

Type
Multifamily

County
Bruce County

Bathroom Details

Full Bathrooms: 31

Subdivision

Brockton

Heating and Cooling

Heat Pump
Central Air Conditioning

Utility Information

Sewer: Municipal Sewage System

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Location

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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 8/12/22 08:05

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