5 Devinwood Avenue Walkerton, ON N0V2G0
Listing Courtesy of: ITSO / Ed Lowe Limited Brokerage
$15,000,000
31
BED
31
BATH
12,500
SQFT

  5 Devinwood Avenue Walkerton, ON N0V2G0

Active (69 Days)

Description

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.

MLS®:
40326862
Lot Size
1.6 acres
Type
Multifamily
Views
Meadow, City
County
Bruce County
Bathroom Details
Interior Features
  • Washer
  • Stove
  • Refrigerator
  • Dryer
  • Dishwasher
  • Water Heater
  • Laundry: In-Suite
  • Water Meter
  • Ventilation System
  • Separate Hydro Meters
  • Separate Heating Controls
  • Elevator
Lot Information
  • Trails
  • Shopping Nearby
  • Schools
  • School Bus Route
  • Hospital
  • Near Golf Course
  • Ample Parking
  • Urban
Property Features
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Heat Pump
  • Other
  • Energy Efficient
  • Central Air
Exterior Features
  • Roof: Flat
Utility Information
  • Utilities: Phone Available, Natural Gas Connected, High Speed Internet Avail, Garbage/Sanitary Collection, Electricity Connected, Cell Service, Cable Connected
  • Sewer: Sewer (Municipal)
Parking
  • Exclusive
Stories
  • 4
Living Area
  • 12,500 sqft
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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Disclaimer: Listing content protected by copyright and licensed by Information Technology Systems Ontario: Data last updated: 12/4/22 15:51