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221 Walton Street
Port Hope Port Hope L1A 1P1

$889,000 /For Sale
Commercial

Main Photo: 221 Walton Street: Port Hope Commercial for sale : MLS®# X13011250
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13011250
Bus Major:
Apts - 2 To 5 Units
Unlock the potential of this legal 4-plex, offering over 3,500 sq. ft. (MPAC) of rentable space in a high-demand location. All units are fully above grade and the building features two spacious two-bedroom units and two one-bedroom units, each self-contained. This property is currently vacant, renovated and provides immediate income-generating potential. Located in historic downtown Port Hope, tenants benefit from walkable access to amenities, shops, cafes, and public transit, including VIA Rail and Highway 401-ideal for attracting abroad tenant base. The property includes a rear addition overlooking a peaceful ravine, adding appeal to attract quality tenants. Whether you're expanding your portfolio or seeking a repositioning project, this property's size, location, and configuration make it a rare find. With strong rental demand in one of Ontario's most desirable small towns, this is a smart investment ready for its next chapter.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
9558 sq. ft. Sq Ft Divisible
Total Area:
9,558 sq. ft.
Lot Depth:
95'8"
Lot Frontage:
52'2"
Lot Shape:
Irregular
Bathrooms:
4.0
Water supply:
Municipal
Zoning:
R2-1
Heating type:
Radiant
Garage:
None
Possession Details:
IMMEDIATE
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$6,906.3 / 2025
Assessment:
$- / -
Northumberland
Port Hope
Port Hope
HWT
4 fridges, 4 stoves
Utilities:
Available
Air Conditioning:
No
Seller Property Info Statement:
No
Expenses Actual/Estimated:
Estimated
Insurance Expenses:
$3,083.24
Tax Expenses:
$6,906.3
Year Expenses:
2025
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Date Listed:
Apr 17, 2026
Original Price:
Previous Price:
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Listed by RE/MAX JAZZ INC.
Data was last updated April 19, 2026 at 03:15 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:

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  • 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.