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

422 Hazel Street
Kitchener Waterloo N2L 3P8

$2,400,000 /For Sale
Commercial

Main Photo: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
Photo 1: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
Photo 2: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
Photo 3: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
Photo 4: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
Photo 5: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
Photo 6: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
Photo 7: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
Photo 8: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
Photo 9: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
Photo 10: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12375362
Bus Major:
Apts - 6 To 12 Units
Well-maintained 11-unit multifamily property in a strong Waterloo location. Situated on a 0.35-acre lot, the building offers a practical suite mix of 6 one-bedroom and 5 two-bedroom apartments, appealing to a broad tenant base. The property features an attractive orange-brown brick exterior, complemented by mature trees at the front entrance that create a welcoming streetscape. Surface parking for tenants is conveniently located at the rear of the building. Inside, residents benefit from a shared laundry room, which also provides additional income for the owner. Located just a one-minute walk from a bus stop on Hazel Street, the property offers excellent transit access. Its central position places tenants within easy reach of Uptown Waterloo, Wilfrid Laurier University, the University of Waterloo, shopping, grocery stores, and restaurants. With its desirable unit mix, stable income, and convenient location, 422 Hazel Street presents a strong investment opportunity in a growing rental market.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
15246 sq. ft. Acres
Total Area:
15,246 sq. ft.
Depth:
140'
Frontage:
108'
Lot Shape:
Rectangular
Water supply:
Municipal
Zoning:
RMU-20
Heating type:
Gas Hot Water
Garage:
Outside/Surface
Possession Details:
Immediate
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$27,540.62 / 2025
Assessment:
$- / -
Kitchener
Waterloo
No
None
Utilities:
Yes
Sewers:
Sanitary+Storm
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
Sep 02, 2025
Original Price:
Previous Price:
  • Photo 1: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
    Photo 1 of 10
  • Photo 2: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
    Photo 2 of 10
  • Photo 3: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
    Photo 3 of 10
  • Photo 4: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
    Photo 4 of 10
  • Photo 5: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
    Photo 5 of 10
  • Photo 6: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
    Photo 6 of 10
  • Photo 7: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
    Photo 7 of 10
  • Photo 8: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
    Photo 8 of 10
  • Photo 9: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
    Photo 9 of 10
  • Photo 10: 422 Hazel Street in Waterloo: Commercial for sale (Kitchener)  : MLS®# X12375362
    Photo 10 of 10
Listed by COLLIERS
Data was last updated September 12, 2025 at 05:15 PM (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.