31 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.
<html><head><style> BODY { BACKGROUND-COLOR: white; COLOR: #333365; FONT-FAMILY: Verdana, Arial, Helvetica; FONT-SIZE: 9pt; } H2 { COLOR: #cc9900; FONT-SIZE: 12pt; FONT-WEIGHT: normal; } TH { COLOR: darkslategray; BACKGROUND-COLOR: #eeeeee; FONT-SIZE: 9pt; TEXT-ALIGN: center; } TH.dispLabel{ BACKGROUND-COLOR: gainsboro; COLOR: darkslategray; FONT-SIZE: 9pt; PADDING-RIGHT: 10px; TEXT-ALIGN: right; } TD.dispData { BACKGROUND-COLOR: gainsboro; COLOR: darkslategray; FONT-SIZE: 9pt; PADDING-RIGHT: 10px; TEXT-ALIGN: left; } TD.number { TEXT-ALIGN: right; PADDING-RIGHT: 10px; } </style></head><body><table><tr><th class='dispLabel'>Message Number</th><td class='dispData'>409700</td> </tr> <tr><th class='dispLabel'>status</th><td class='dispData'>Active</td> </tr> <tr><th class='dispLabel'>Subject Line</th><td class='dispData'>31 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.</td> </tr> <tr><th class='dispLabel'>Business area</th><td class='dispData'><table class='tree1'><tr><td class='tree1'><table class='tree'><tr><td class='tree2'>Canada</td></tr><tr><td class='tree2'><table class='tree'><tr><td class='tree2'>Ontario</td></tr><tr><td class='tree2'><table class='tree'><tr><td class='tree2'>Southwestern Ontario</td></tr><tr></tr></table></td></tr></table></td></tr></table></td></tr></table></td> </tr> <tr><th class='dispLabel'>Location, City</th><td class='dispData'>Walkerton</td> </tr> <tr><th class='dispLabel'>Have/Want</th><td class='dispData'>Have</td> </tr> <tr><th class='dispLabel'>Business category</th><td class='dispData'>Apartment buildings/multi unit/condo townhouse projects/investments</td> </tr> <tr><th class='dispLabel'>Date of Listing</th><td class='dispData'>September 20 2022</td> </tr> <tr><th class='dispLabel'>Type Description</th><td class='dispData'> apartments</td> </tr> <tr><th class='dispLabel'>Price</th><td class='dispData'>$15,000,000.00</td> </tr> <tr><th class='dispLabel'>Size</th><td class='dispData'>31 units</td> </tr> <tr><th class='dispLabel'>Comments</th><td class='dispData'>Bruce 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. <br>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 <br></td> </tr> <tr><th class='dispLabel'>Internet Links</th><td class='dispData'></td> </tr> <tr><th class='dispLabel'>Member Identifier</th><td class='dispData'>1557</td> </tr> <tr><th class='dispLabel'>Client Details</th><td class='dispData'>Builder/Developer</td> </tr> <tr><th class='dispLabel'>Explain Client's Motivation</th><td class='dispData'>completing subdivision</td> </tr> <tr><th class='dispLabel'>Control</th><td class='dispData'>Listing</td> </tr> <tr><th class='dispLabel'>Name</th><td class='dispData'>Bruce Brown</td> </tr> <tr><th class='dispLabel'>Title</th><td class='dispData'>Sales Representative</td> </tr> <tr><th class='dispLabel'>Company Name</th><td class='dispData'>Ed Lowe Limited, Brokerage</td> </tr> <tr><th class='dispLabel'>Address Line One</th><td class='dispData'>190 Dunlop Street East</td> </tr> <tr><th class='dispLabel'>City</th><td class='dispData'>Barrie</td> </tr> <tr><th class='dispLabel'>State/Province</th><td class='dispData'>Ontario</td> </tr> <tr><th class='dispLabel'>Zip/Postal Code</th><td class='dispData'>L4M 1B3</td> </tr> <tr><th class='dispLabel'>Country</th><td class='dispData'>Canada</td> </tr> <tr><th class='dispLabel'>Business Phone Number</th><td class='dispData'>(705)726-3871</td> </tr> <tr><th class='dispLabel'>Cell Number</th><td class='dispData'>705 791 4748</td> </tr> <tr><th class='dispLabel'>Home Number</th><td class='dispData'>705 791 4748</td> </tr> <tr><th class='dispLabel'>FAX Number</th><td class='dispData'>705 726 8260</td> </tr> <tr><th class='dispLabel'>Email Address</th><td class='dispData'><a href='https://www.iciworld.com//emailForm.jsp?mid=1557&msgnum=409700'>Send Email</a></td> </tr> <tr><th class='dispLabel'>Home Page</th><td class='dispData'><a name='' href='http://www.apartmentbuildingsontario.com' target='_blank'>Home Page</a></td> </tr> </table><p><a href="https://www.iciworld.com/events"> <img src="https://www.iciworld.com/images/events2.jpg"> </a></p> <p><a href="https://www.iciworld.com/testimonials">See brokers making 10x to 4,000x the ICIWorld membership fee.</a></p> <p>Provided By The ICIWorld Global Association of Real Estate Brokers and Salespeople Founded 1994. </br> Mailing Address: 131 Bloor St. W., Suite 200, Toronto, Ontario M5S 1R8 </br> Canada 416-777-2633. USA 954-317-2327 </p> <p>Unsubscribe option at the bottom of this EMail</p>
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