5 Devinwood Avenue Walkerton, Ontario N0V 2G0

31 Bedroom 31 Bathroom 12500
Central Air Conditioning Heat Pump Acreage


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


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


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


Cable Available
Electricity Available
Natural Gas Available
Telephone Available



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