Message Number409700
statusActive
Subject Line31 unit luxury apt building, 2 bed 2 bath elevator being constructed on a new subdivision, 2nd 31 unit planned to be built on land expected 5% cap $15,000,000.
Business area
Canada
Ontario
Southwestern Ontario
Location, CityWalkerton
Have/WantHave
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Date of ListingSeptember 20 2022
Type Description apartments
Price$15,000,000.00
Size31 units
CommentsBruce Power catchment area. A fast growing desirable area in south west On. proforma uses existing rents and expenses recorded on new build comparable buildings in this area Proforma net income $640,000.to $750,000.
build the second 31 units approved on the site and the cap rate expected is 5.5% plus completion expected late 2022 to early 2023 Being constructed by the developer
Internet Links
Client DetailsBuilder/Developer
Explain Client's Motivationcompleting subdivision
ControlListing
NameBruce Brown
TitleSales Representative
Company NameEd Lowe Limited, Brokerage
Address Line One190 Dunlop Street East
CityBarrie
State/ProvinceOntario
Zip/Postal CodeL4M 1B3
CountryCanada
Business Phone Number(705)726-3871
Cell Number705 791 4748
Home Number705 791 4748
FAX Number705 726 8260
Email AddressSend Email
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