5 Devinwood Avenue Walkerton, Ontario N0V 2G0
$15,000,000
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:35544)
Property Details
| MLS® Number | 40249720 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Hospital, Schools, Shopping |
| Community Features | School Bus |
| Features | Golf Course/parkland |
Building
| Bathroom Total | 31 |
| Bedrooms Total | 31 |
| Appliances | Water Meter |
| Basement Type | None |
| Cooling Type | Central Air Conditioning |
| Fire Protection | Smoke Detectors |
| Heating Type | Heat Pump |
| Stories Total | 4 |
| Size Interior | 12500 |
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Land Amenities | Golf Nearby, Hospital, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 297 Ft |
| Size Irregular | 1.6 |
| Size Total | 1.6 Ac|1/2 - 1.99 Acres |
| Size Total Text | 1.6 Ac|1/2 - 1.99 Acres |
| Zoning Description | R3 |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/24354298/5-devinwood-avenue-walkerton
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May 20 2022 07:36:52
Barrie & District Association of REALTORS® Inc.
Ed Lowe Limited Brokerage, Sutton Group Incentive Realty Inc. Brokerage