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129 Principale Street
605 - The Nation Municipality The Nation K0A 3C0

$1,289,900 /For Sale
Commercial

Main Photo: 129 Principale Street in The Nation: 605 - The Nation Municipality Commercial for sale : MLS®# X13121824
Photo 1: 129 Principale Street in The Nation: 605 - The Nation Municipality Commercial for sale : MLS®# X13121824
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13121824
Bus Major:
Apts - 2 To 5 Units
NEWLY RENOVATED : This property features 5 recently renovated rental units, each equipped with air conditioning for added comfort. Located in the peaceful and picturesque town of St-Albert, known for its delicious cheese and friendly community atmosphere, this property is perfect for investors looking for easy, no maintenance investment. The units are well-maintained and offer modern amenities, including updated kitchens, spacious living areas, and plenty of natural light. The property also boasts a beautiful outdoor space for residents to enjoy, with a well-manicured lawn and seating areas. With easy access to local shops, restaurants, and outdoor recreational activities, this rental property offers the best of small-town living. Don't miss out on the opportunity to call this charming property yours!
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
2640 sq. ft. Square Feet
Total Area:
2,640 sq. ft.
Lot Depth:
163'5¾"
Lot Frontage:
89'11"
Water supply:
Well
Zoning:
C1
Heating type:
Gas Forced Air Closed
Garage:
None
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$9,600 / 2025
Assessment:
$- / -
Prescott and Russell
The Nation
605 - The Nation Municipality
Tenant belongings
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Gross income:
$99,540
Expenses Actual/Estimated:
Estimated
Heating Expenses:
$3,500
Hydro Expenses:
$3,800
Insurance Expenses:
$2,200
Year Expenses:
2025
Maintenace Expenses:
$1,000
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Date Listed:
May 13, 2026
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE PERFORMANCE REALTY
Data was last updated May 15, 2026 at 06:15 AM (UTC)
DARYL  KING
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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

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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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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.