1 of 10 - 5 Devinwood Avenue, Walkerton, Ontario
2 of 10 - 5 Devinwood Avenue, Walkerton, Ontario
3 of 10 - 5 Devinwood Avenue, Walkerton, Ontario
4 of 10 - 5 Devinwood Avenue, Walkerton, Ontario
5 of 10 - 5 Devinwood Avenue, Walkerton, Ontario
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5 Devinwood Avenue, Walkerton, Ontario

$15,000,000

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31

Beds

31

Baths

12,500

Square feet

1.60

Acres

About 5 Devinwood Avenue

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:6289)

Features of 5 Devinwood Avenue

Listing # 40326862
Price $15,000,000
Bedrooms 31
Bathrooms 31.00
Square Footage 12,500
Acres 1.60
Type Multi-family
Sub-Type Freehold

Community Information

Address 5 Devinwood Avenue
Subdivision Brockton
City Walkerton
Province Ontario
Postal Code N0V2G0

Amenities

Amenities Golf Nearby, Hospital, Schools, Shopping
Utilities Cable, Electricity, Natural Gas, Telephone
Features Golf course/parkland
Is Waterfront No
Has Pool No

Interior

Appliances Water meter
Heating Heat Pump
Cooling Central air conditioning
Fireplace No
# of Stories 4
Has Basement No

Listing Details

OfficeEd Lowe Limited Brokerage

Listing Map

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