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.

Forgot password Extend Verify Contact

122 Park Street N
Town Ward 3 Peterborough K9J 3V7

$1,799,900 /For Sale
Commercial

Main Photo: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
Photo 1: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
Photo 2: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
Photo 3: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
Photo 4: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
Photo 5: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
Photo 6: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
Photo 7: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
Photo 8: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
Photo 9: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12740338
Bus Major:
Apts - 6 To 12 Units
Excellent apartment investment property close to all downtown amenities, featuring 4 x 1-brm units and 7 x 2-brm units, fully rented. Tenants pay all utilities, including water/sewer. Three units EBB heat and eight units have individual gas furnaces for economical heating. All windows replaced less than 10 years ago. Ample tenant parking and additional area at back of building to construct a coin laundry room if desired.
Percent of Building:
100
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
100+
Total Area:
10500 sq. ft. Square Feet
Total Area:
10,500 sq. ft.
Lot Depth:
83'5⅞"
Lot Frontage:
102'
Lot Shape:
Irregular
Water supply:
Municipal
Zoning:
R4
Heating type:
Baseboard
Garage:
Outside/Surface
Possession Details:
TBD
HST Applicable To Sale Price:
Not Subject to HST
Assessment:
$764,000
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$25,212 / 2025
Assessment:
$764,000.00 / 2025
Peterborough
Peterborough
Town Ward 3
Hot water tanks.
11 fridges, 11 stoves
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
Jan 29, 2026
Original Price:
Previous Price:
  • Photo 1: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
    Photo 1 of 9
  • Photo 2: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
    Photo 2 of 9
  • Photo 3: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
    Photo 3 of 9
  • Photo 4: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
    Photo 4 of 9
  • Photo 5: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
    Photo 5 of 9
  • Photo 6: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
    Photo 6 of 9
  • Photo 7: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
    Photo 7 of 9
  • Photo 8: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
    Photo 8 of 9
  • Photo 9: 122 Park Street N in Peterborough: Town Ward 3 Commercial for sale : MLS®# X12740338
    Photo 9 of 9
Listed by RE/MAX HALLMARK EASTERN REALTY
Data was last updated January 30, 2026 at 03:15 AM (UTC)
DARYL  KING
powered by myRealPage.com

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.

Explore More GTA Homes:

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.