Apartment Buildings for Sale – Invest in High-Demand Real Estate
Looking for apartment buildings for sale? Whether you’re a seasoned investor or entering the real estate market for the first time, owning an apartment building is a powerful way to generate passive income, build equity, and diversify your portfolio. Explore a variety of multi-unit properties offering strong returns and growth potential.
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235 James Street W in Prescott: 808 - Prescott Commercial for sale : MLS®# X13639696
235 James Street W Prescott K0E 1T0 
$1,100,000 /For SaleCommercial- Status:
- Active
- MLS® Num:
- X13639696
- Major Bus.:
- Apts - 2 To 5 Units
- Total Area:
- 11,220 sq. ft.
Turnkey legal 5-unit apartment building offering strong cash flow and extensive redevelopment in the heart of Prescott. Originally a duplex, this property has been comprehensively transformed into a modern income-producing asset while preserving its attractive brick exterior and character. Generating $93,300 in gross annual income with an approximate NOI of $78,820, the building offers an excellent unit mix of one 3-bedroom suite, two 2-bedroom suites (including an accessible unit), and two 1-bedroom suites, one of which is rented as an affordable unit. Extensive capital improvements include all new kitchens, bathrooms, flooring, lighting, interior doors, plumbing, electrical, nearly all new windows, repointed brick, new decks, upgraded insulation, modern mechanical systems, quality finishes throughout, and a durable standing seam metal roof. The building features an efficient utility structure with all tenants paying their own hydro and water. Two suites have their own dedicated heating systems and pay their own heat, while three suites are heated by an efficient central gas-fired hot water boiler. The accessible and affordable units may be of interest to purchasers exploring CMHC financing programs, subject to lender and CMHC eligibility requirements. Conveniently located within walking distance to downtown Prescott, the St. Lawrence River, shopping, restaurants, schools, and just minutes from Highway 401, this is an exceptional opportunity to acquire a true turnkey multi-family investment with significant capital improvements already completed. More detailsListed by EXP REALTY- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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187 Main Street W in North Bay: Central Commercial for sale : MLS®# X13640076
187 Main Street W North Bay P1B 2T6
$499,000 /For SaleCommercial- Status:
- Active
- MLS® Num:
- X13640076
- Major Bus.:
- Apts - 2 To 5 Units
- Total Area:
- 3,024.66 sq. ft.
Investment Opportunity - Fully Tenanted Mixed-Use Building.An excellent opportunity to acquire a fully tenanted mixed-use investment property in the heart of North Bay. This well-maintained building features a main-floor commercial retail space complemented by four residential apartments, providing diversified income from both commercial and residential tenants.Offering an attractive 7.5% cap rate, this property is ideal for both first-time investors seeking a solid income-producing asset and experienced investors looking to expand an established portfolio. With stable tenancy already in place, this is an opportunity to generate immediate cash flow from day one.North Bay continues to be recognized as one of Northern Ontario's most desirable communities for investment. As the regional service hub for Northeastern Ontario, the city offers a diverse economy supported by healthcare, education, government services, transportation, tourism and small business. Home to Nipissing University and Canadore College, North Bay attracts students, professionals and families, helping sustain demand for quality rental housing.Known as the "Gateway to the North," North Bay offers an exceptional lifestyle with hundreds of nearby lakes, outstanding fishing, boating, beaches, skiing, snowmobiling, hiking, golfing and year-round recreational opportunities. Its combination of affordability, natural beauty and economic stability continues to attract residents, businesses and investors alike.Whether you're looking to purchase your first investment property or add a strong income-producing asset to your portfolio, this fully occupied mixed-use building offers immediate revenue, long-term investment potential and an opportunity to own in one of Northern Ontario's most attractive and growing communities. More detailsListed by SOVEREIGN REALTY GROUP- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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109 Division Street N: Kingsville Commercial for sale : MLS®# X13637784
109 Division Street N Kingsville N9Y 1E3
$5,800,000 /For SaleCommercial- Status:
- Active
- MLS® Num:
- X13637784
- Major Bus.:
- Apts - Over 20 Units
- Total Area:
- 1.34 acre(s)
Introducing a solid, purpose-built 34-unit apartment building nestled in the heart of Kingsville, one of Southwestern Ontario's most sought-after lakeside rental markets. Featuring a strong mix of 22 one-bedroom and 12 two-bedroom suites, fully tenanted to reliable tenants. Separate hydro meters, with all tenants paying their own hydro. Many units currently rent well below market, offering significant upside as suites turn. A number of suites have been fully renovated to a modern standard, with a new on-site storage area recently added. Ideally situated just off Main Street, steps from downtown Kingsville's shops, restaurants, and grocery, minutes to the Kingsville Recreation Complex, Lakeside Park, and the Lake Erie waterfront, with a direct route to Windsor. This is a rock-solid building and is sure to offer investors both growth and stability for years to come! Call today for details and to view. More detailsListed by RE/MAX MILLENNIUM REAL ESTATE- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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240-242 EAST MAIN Street in Welland: 768 - Welland Downtown Commercial for sale : MLS®# X13639556
240-242 EAST MAIN Street Welland L3B 3W9
$1,450,000 /For SaleCommercial- Status:
- Active
- MLS® Num:
- X13639556
- Major Bus.:
- Apts - 6 To 12 Units
- Total Area:
- 3,000 sq. ft.
242 East Main Street, Welland - 7-Unit Residential Income Property. Exceptional investor opportunity in the heart of Welland. This income property offers 7 self-contained residential units, ideally positioned for a buyer looking to build or expand their Niagara portfolio. Property generates over $75K net income/year. The unit mix provides strong versatility and broad tenant appeal: 4 x 2-bedroom, 1 x 1-bedroom, and 2 studio suites - catering to singles, couples, and small families alike. Located in Welland, Ontario, a growing rental market with consistent tenant demand driven by Niagara College, healthcare, and manufacturing employment. Easy access to Highway 406 and the broader Niagara Region makes this an attractive option for a wide range of renters. More detailsListed by CENTURY 21 PEOPLE`S CHOICE REALTY INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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236 James Street N in Hamilton: Beasley Commercial for sale : MLS®# X13639444
236 James Street N Hamilton L8R 2L3
$1,750,000 /For SaleCommercial- Status:
- Active
- MLS® Num:
- X13639444
- Major Bus.:
- Apts - 2 To 5 Units
- Total Area:
- 3,950 sq. ft.
Three storey mixed-use building with approximately 1,300 sf of ground floor retail and 2,650 sf of residential above. Ground floor is leasedto a popular Mexican restaurant. Four total residential apartments = Two units are leased and two are vacant. Metered parking available onJames Street North. More detailsListed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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510 Valois Drive: Mattawa Commercial for sale : MLS®# X13634474
510 Valois Drive Mattawa P0H 1V0
$999,900 /For SaleCommercial- Status:
- Active
- MLS® Num:
- X13634474
- Major Bus.:
- Apts - 6 To 12 Units
- Total Area:
- 6,142 sq. ft.
Looking for a strong cash-flowing investment that meets the 1% rule with room to increase value even further? This building has a strong occupancy history plus a 8.69% cap rate including vacancy, maintenance and management expenses. Gross income 137,885.88, net income 86,849. This property offers 8 fully tenanted units and is zoned for up to 10 residential apartments. With interior existing unused space, there's potential to add 2 additional 1-bedroom units-a built-in value-add opportunity or a 3 bedroom unit. Unit 4 is currently under-rented, providing additional upside. Most units have already seen upgrades and are occupied by great tenants. Recent capital improvements include new weeping tile (2023) on the north and east sides, resolving previous water penetration concerns. The original structure features a solid rock foundation, while the addition (c. 1987) provides a purpose built 6 unit addition. Other highlights include a double garage with an attached outbuilding for extra storage, two furnaces, two A/C units, and two hot water on-demand rental systems. Each unit has its own hydro panel and current rents are all-inclusive. Roof shingles are in excellent condition (age unknown).The location is unbeatable being located right beside the new OPP station, and within walking distance to downtown amenities including the Beer Store, LCBO, restaurants, and the Mattawa River just a couple of blocks away. Management company willing to stay on. More detailsListed by REALTY EXECUTIVES Local Group Inc. Brokerage- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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454 Donlands Avenue in Toronto: East York Commercial for sale (Toronto E03) : MLS®# E13632180
454 Donlands Avenue Toronto M4J 3S5
$1,495,000 /For SaleCommercial- Status:
- Active
- MLS® Num:
- E13632180
- Major Bus.:
- Apts - 2 To 5 Units
- Total Area:
- 2,365 sq. ft.
This meticulously maintained 2-storey multiplex offers a flexible layout of separate self-contained living spaces across three levels, each with its own kitchen and entrance access - ideal for investors, multi-generational families, or owner-occupiers looking to offset their mortgage with rental income. With 3+ bedrooms, 8 washrooms, and roughly 3,200 sq ft of total living space, this well-built 2001 home was designed for flexible & income-generating use. The main and second floors feature bright, spacious principal rooms, generous closets, a walk-out balcony from the primary bedroom, and a walk-out to a covered front porch, while the lower level offers a separate entrance and two additional bedrooms - perfect for extended family living or as a rented unit. Currently partially tenanted, the property offers immediate holding income with room to lease additional space, giving buyers flexibility to configure the property to suit their own plans. Set on a generous 39.5 x 106.5 ft lot, the property includes a detached 1.5-car garage with potential for additional parking income. Forced air gas heat, central air conditioning, municipal water and sewers, & an owned water heater round out the mechanicals. The property is currently zoned Residential Detached (RD) and fronts Donlands Ave, a City-identified major street; under Toronto's current Major Streets Zoning By-law, qualifying RD-zoned lots on designated major streets may permit small-scale apartment buildings up to six storeys and up to 60 units as-of-right, with significantly reduced parking requirements - a meaningful policy-driven upside for buyers considering redevelopment or intensification, though actual permitted density and unit yield for this specific lot should be independently confirmed with the City and a qualified planner. Steps to Donlands Subway Station on Line 2, with the future Ontario Line's Cosburn Station (Pape & Cosburn) currently under construction. More detailsListed by RE/MAX REALTRON REALTY INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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2275 Queen Street E in Toronto: The Beaches Commercial for sale (Toronto E02) : MLS®# E13634844
2275 Queen Street E Toronto M4E 1G5
$1,749,000 /For SaleCommercial- Status:
- Active
- MLS® Num:
- E13634844
- Major Bus.:
- Apts - 2 To 5 Units
- Total Area:
- 3,354 sq. ft.
Terrific Opportunity to Acquire a Well Maintained Semi-Detached Purpose Built Solid Brick Duplex with two accessory units in a great Queen St. East location in the very heart of The Beach. With this CR Zoning (Commercial/Residential Uses), this property is perfect for a variety of uses, including (but not limited to) Professional Office(s) - Perfect for Live-in and Rent-Out; Work from home uses or keep as an sturdy Investment property. A unique flexible floor plan allows for multiple units, with 4-car parking at the rear of the building via wide public laneway (2 in Garages and 2 in front of garages). The Main Floor 2-bdrm unit offers a large rear private deck. The 2nd floor is split into 2-units but can easily be converted back to a single unit encompassing the bright 3-floor addition to make an expanded owner occupied unit or larger rental unit. The basement has good height and currently contains 2 units (1 vacant) including a small bachelor apt. The long-time owners have upgraded many features, yet retained the lovely character including the wonderful oak trim & hardwood floors. This is one of the last remaining purpose-built duplexes on Queen St East, and is an exciting option for a saavy Investor. Don't miss this Opportunity! More detailsListed by ROYAL LEPAGE ESTATE REALTY- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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238 Garden Avenue in Toronto: High Park-Swansea Commercial for sale (Toronto W01) : MLS®# W13636046
238 Garden Avenue Toronto M6R 1J1
$2,229,000 /For SaleCommercial- Status:
- Active
- MLS® Num:
- W13636046
- Major Bus.:
- Apts - 2 To 5 Units
- Total Area:
- 1,557 sq. ft.
Exceptional investment opportunity in one of Toronto's most desirable west-end neighbourhoods. This legal triplex has been completely rebuilt from the studs, offering a turnkey, income-producing asset with strong rental demand and low maintenance requirements. The property features an ideal unit mix of two one-bedroom apartments on the lower and main levels, along with a spacious three-bedroom upper-level suite, totaling approximately 2,178 sq. ft. of rentable area. Each suite is thoughtfully designed with contemporary finishes, a sleek kitchen with stainless steel appliances, in-suite laundry, bright open-concept living spaces, and walkout access to a private deck or patio. An exceptional opportunity to acquire a fully leased investment property with reliable income and outstanding long-term appreciation potential in one of Toronto's most sought-after rental markets. More detailsListed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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221 Owen Sound Street: Shelburne Commercial for sale : MLS®# X13637276
221 Owen Sound Street Shelburne L9V 3L2
$849,000 /For SaleCommercial- Status:
- Active
- MLS® Num:
- X13637276
- Major Bus.:
- Apts - 2 To 5 Units
- Total Area:
- 2,790 sq. ft.
LEGAL TRIPLEX. This iconic building located in the growing municipality of Shelburne has been completed renovated top to bottom, creating a 3 bedroom unit, a 2 bedroom unit and a 1 bedroom basement walkout unit. Opportunity for Owner Occupied as the main floor 3 Bedroom unit has recently become vacant. The upper 2 Bedroom and basement 1 bedroom are currently occupied with good tenants who would like to stay - income from those two units is $3400 per month. With 15% down payment the mortgage payment is $3430 (30 year amortization @3.7%) Great opportunity for first time home buyer to get into the market. Gross rent is $5600 fully tenanted. All units have their own laundry facilities, separate hydro meters and separate water meters. Luxury vinyl plank flooring throught all units. One parking space for each tenant. Located close Shelburne's Downtown - also walking distance to schools and recreation facilities. Please note: Main floor unit is vacant and can be viewed. Upper and Basement units are finished in a similar manner as per the photos. Showing of the tenanted spaces upon accepted offer. Floor plans and Zoning Approval are in the photos. More detailsListed by RE/MAX REAL ESTATE CENTRE INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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301 Cleveland Street in Toronto: Mount Pleasant East Commercial for sale (Toronto C10) : MLS®# C13637110
301 Cleveland Street Toronto M4S 2W7
$2,798,000 /For SaleCommercial- Status:
- Active
- MLS® Num:
- C13637110
- Major Bus.:
- Apts - 2 To 5 Units
- Total Area:
- 3,947 sq. ft.
301/303 Cleveland Street Detached Mid Town Multi Unit Fourplex Building. Four Modern Two Bedroom Suites Beautifully Renovated, Additional Basement Apartment, Open Concept Suites with Quartz Countertops, Air Conditioning / Ensuite Laundry In Every Unit / $ 150,000+ Gross Yearly Income. Four Car Parking at Rear- Three Car Garage + Surface Parking + Street Parking Available. Turn-Key. Don't Miss Out On This Exceptional Offering In One Of Toronto's Most Sought-After Neighbourhoods! 5 Min walk to Maurice Cody School, Walking Distance to Yonge and Eglinton and Bayview Subway Station. Excellent Investment Property. A rare opportunity for investors seeking strong returns, owners looking to live in one unit while renting out others (301 Upper is currently vacant), downsizers, multi-generational families, Potential 3rd Storey and Garden Suite- in Prime Davisville Village Bayview and Eglinton. More detailsListed by CENTURY 21 KING`S QUAY REAL ESTATE INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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56 Donald Street in Barrie: Queen's Park Commercial for sale : MLS®# S13629382
56 Donald Street Barrie L4N 1E3
$5,600,000 /For SaleCommercial- Status:
- Active
- MLS® Num:
- S13629382
- Major Bus.:
- Apts - 13 To 20 Units
- Total Area:
- 34,368.84 sq. ft.
Welcome to the Donald Residences. The site is located in central west Barrie with walking distance to retail and grocery. This a quite single family established residential area. The concrete building is 3 stories and was built in 1987. It has a total of 18 suites all two bedrooms with an average size of around 1,000 sf. Heating is electric and the tenants pay their own hydro. There is ample on site parking and laundry as well. Strong in place rents at around $1,880 per month with market rents at around $2,200 per month. A nice small low maintenance building. Many suites have been updated in the past 5 years. More detailsListed by COMMERCIAL FOCUS REALTY INC.- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
Data was last updated August 6, 2026 at 06:15 AM (UTC)
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Why Invest in Apartment Buildings for Sale?
Owning an apartment building for sale provides unique advantages:
- Multiple rental units generate consistent monthly income
- Economies of scale make property management more efficient
- Opportunity to increase property value through renovations and upgrades
- High demand for rental housing in urban and suburban markets
What to Look for in Apartment Buildings for Sale
When evaluating apartment buildings for sale, consider:
- Vacancy rates and tenant demand in the area
- Location and proximity to transit, schools, and employment hubs
- Building condition, age, and potential maintenance costs
- Current rental income and future appreciation potential
Maximizing Exposure for Your Apartment Building
If you’re selling an apartment building, our platform offers exceptional exposure to a targeted audience of potential buyers. We utilize advanced marketing techniques to highlight the key features and benefits of your property, ensuring it stands out in the market. Our goal is to connect you with interested and qualified buyers efficiently, facilitating successful and profitable transactions.
Start Exploring Apartment Buildings for Sale Today
Whether you’re looking for small multi-family units or larger residential complexes, we offer a wide selection of apartment buildings for sale to match your investment goals. Let us help you find a property that offers steady income and long-term value.
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Each link provides updated listings and expert insights.
FAQs – Apartment Buildings for Sale
1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.
2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.
3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.
4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.
5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.
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When it comes to buying a home, you deserve real estate guidance from a team that truly cares about your long-term investment and client experience. Find out what it’s like to get the Royal Treatment by booking a buying consultation today.