5 Devinwood Avenue Walkerton, ON N0V2G0
Listing Courtesy of: CREA / Ed Lowe Limited Brokerage
$15,000,000
31
BED
31
BATH

  5 Devinwood Avenue Walkerton, ON N0V2G0

Active

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
Stories
  • 4
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by Century 21 Canada and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: REALTOR.CA 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