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5 DEVINWOOD Avenue (40326862)

Listing ID: 40326862  
$15,000,000

5 DEVINWOOD Avenue

Ed Lowe Limited Brokerage

  • 5 DEVINWOOD Avenue
  • 5 DEVINWOOD Avenue
  • 5 DEVINWOOD Avenue
  • 5 DEVINWOOD Avenue
  • 5 DEVINWOOD Avenue
  • 5 DEVINWOOD Avenue
  • 5 DEVINWOOD Avenue
  • 5 DEVINWOOD Avenue
  • 5 DEVINWOOD Avenue
  • 5 DEVINWOOD Avenue
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5 DEVINWOOD Avenue, Walkerton, Ontario, N0V2G0
Bathrooms31 Bedrooms31
Property TypeMulti-family Lot Size1.6 acres
Building Area12500

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:23083)


Details
Amenities NearbyGolf Nearby, Hospital, Schools, Shopping Community FeaturesSchool Bus
FeaturesGolf course/parkland OwnershipFreehold
TransactionFor sale Zoning DescriptionR3
Building
AppliancesWater meter BasementNone
CoolingCentral air conditioning Fire ProtectionSmoke Detectors
Bathrooms (Total)31 HeatingHeat Pump
Size Interior12500.0000 Storeys Total4
Utility WaterMunicipal water
Land
Size Total1.6 ac|1/2 - 1.99 acres Size Frontage297 ft
AcreageYes AmenitiesGolf Nearby, Hospital, Schools, Shopping
SewerMunicipal sewage system Size Irregular1.6

Listing Office: Ed Lowe Limited Brokerage

Data Provided by Barrie & District Association of REALTORS® Inc.

Last Modified :26/09/2022 10:58:14 AM

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Listing Office: Ed Lowe Limited Brokerage

Data Provided by Barrie & District Association of REALTORS® Inc.

Last Modified :26/09/2022 10:58:14 AM

realtor association logo mls logo MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association

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