Address
5 DEVINWOOD Avenue Walkerton, ON
Price
$ 15,000,000
Property Attributes
  • ID#40249720
  • TypeCondos
  • CityWalkerton
  • AreaBarrie and District
  • Postal CodeN0V 2G0
  • Style
  • Price$ 15,000,000
  • Bedrooms31
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12500
Listing Provided Courtesy Of:
Bruce Brown with Ed Lowe Limited Brokerage
Data Source:
RLP - CREA EN
Property Description

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%.

General Features

Acres 0.50-1.99
Beds 31

Interior Features

Bedrooms 31

Exterior Features

Lot Frontage 296.90
Jumpid 17523753
Mls 40249720

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Condos Average in N0V 2G0

Price
AVG $15M
$15M
Visits
AVG 154
156

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