5 Devinwood Avenue

Walkerton, ON

MLS® 40249720

For sale
$15,000,000

Bedrooms
31
Bathrooms
31
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%.
Property Details
Property Type
Residential
View Type
City
Meadow
Community Features
Urban
Ample Parking
Near Golf Course
Hospital
School Bus Route
Schools
Shopping Nearby
Trails
Building
Appliances
Water Heater
Dishwasher
Dryer
Refrigerator
Stove
Washer
Basement Type
None
Bathrooms
31
Bedrooms
31
Building Type
Apartment
Cooling
Central Air
Energy Efficient
Other
Construction Materials
Cement Siding
Security Features
Smoke Detector(s)
Heating
Heat Pump
Roof
Flat
Sewer
Sewer (Municipal)
Stories
4
Water Source
Municipal
Building Amenities
Elevator
Separate Heating Controls
Separate Hydro Meters
Ventilation System
Water Meter
Land
Lot Front
Lot Front(296.90) ft
Lot Size Area
1.6
Acres
0.50–1.99 Acres
Zoning
R3
Landscape Features
Balcony
Controlled Entry
Year Round Living
HoodQ
Walk Score
Ed Lowe Limited Brokerage
Sutton Group Incentive Realty Inc. Brokerage

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Listing ID: 128956249
Last Updated: 2022-05-04 21:42:50