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24 Water Street

Hastings Trent Hills K0L 1Y0

$1,349,999 /For Sale

Commercial

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Commercial

MLS® Num:

X14105346

Bus Major:

Apts - 6 To 12 Units

• Photos (17)

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Excellent investment opportunity, This mostly renovated well-maintained 6 + 1-unit apartment building offers a desirable mix of two bachelor apartments, two one-bedroom apartments and three two-bedroom apartments, providing a diversified rental mix within one property. Five of the 6 + 1 units have been renovated, adding to the overall appeal of this established income-producing property. All units are separately metered for both water and hydro, an attractive feature for multi-residential ownership and long-term operating efficiency. The building currently generates approximately $104,263 in gross annual rental income, providing strong existing cash flow with scheduled future rent increases offering additional income potential. Adding to the property's appeal is the potential for future development of an additional multi-unit residential building on the property, creating an opportunity to further increase the number of rental units and overall income potential. Buyer to complete their own due diligence regarding zoning, servicing, development potential, building permits and all required municipal and regulatory approvals. Hastings is situated along the Trent-Severn Waterway, at the meeting of the Trent River and Rice Lake, making the area popular for boating, fishing and outdoor recreation. The community offers local shops, restaurants, parks, trails and essential services, while nearby Campbellford provides additional shopping, healthcare, dining and recreational amenities. With its waterfront setting, relaxed lifestyle and convenient access to surrounding communities, Hastings continues to be an appealing place to live for a wide range of residents. A compelling opportunity combining 6 +1 existing rental units, immediate income, separately metered utilities and future development potential-an excellent addition to a multi-residential investment portfolio.

General Info:

Property Type:

Commercial

Property Sub Type:

Investment

Freestanding:

Yes

Total Area:

3923 sq. ft. Square Feet

Total Area:

3,923 sq. ft.364 m2

Lot Depth:

161'49.1 m

Lot Frontage:

100'30.5 m

Water supply:

Municipal

Zoning:

R2 AS PER GEO

Additional Info:

Heating type:

Electric Forced Air

Garage:

None

Parking Spaces:

10

Financial Info:

HST Applicable To Sale Price:

In Addition To

Type Taxes:

Annual

Taxes:

$5,486 / 2026

Assessment:

$- / -

County:

Northumberland

Listing Area:

Trent Hills

Listing Sub-Area:

Hastings

Exclusions:

All Tenants personal belongings.

Other Details:

Utilities:

Yes

Air Conditioning:

Yes

Seller Property Info Statement:

No

Business Info:

Major Business Type:

Apts - 6 To 12 Units

Category:

Apartment

Listing Info:

Date Listed:

Oct 22, 2026

Original Price:

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Previous Price:

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  24 WATER ST HASTINGS
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  24 WATER ST HASTINGS
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  24 WATER ST HASTINGS
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  24 WATER ST HASTINGS
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  24 WATER ST HASTINGS
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  24 WATER ST HASTINGS
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  24 WATER ST HASTINGS
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  24 WATER ST HASTINGS
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  24 WATER ST HASTINGS
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  24 WATER ST HASTINGS
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  24 WATER ST HASTINGS
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  24 WATER ST HASTINGS
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  24 WATER ST HASTINGS
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  24 WATER ST HASTINGS
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  24 WATER ST HASTINGS APT 6
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  24 WATER ST HASTINGS APT 6
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  24 WATER ST HASTINGS APT 6

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Listed by Royal Heritage Realty Ltd.

Data was last updated October 22, 2026 at 12:15 PM (UTC)

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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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

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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.