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.
486-488 Lisgar Street
Ottawa Centre
K1R 5H3
$1,350,000 /For Sale
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- X14085516
- Bus Major:
- Apts - 2 To 5 Units
- Photos (29)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- Yes
- Approx. Age:
- 100+
- Total Area:
- 3918 sq. ft. Square Feet
- Total Area:
- 3,918 sq. ft.
- Lot Depth:
- 112'5"
- Lot Frontage:
- 35'6"
- Lot Shape:
- Rectangular
- Bedrooms:
- 8
- Bathrooms:
- 4.0
- Water supply:
- Municipal
- Kitchens:
- 4
- Zoning:
- R4T
- Heating type:
- Gas Forced Air Closed
- Heating Fuel:
- Gas
- Garage:
- None
- Parking Spaces:
- 6
- Possession Details:
- Flexible
- HST Applicable To Sale Price:
- Included In
- Type Taxes:
- Annual
- Taxes:
- $11,055 / 2026
- Assessment:
- $- / -
- Ottawa
- Ottawa Centre
- 4102 - Ottawa Centre
- Public Transit, Recreation/Community Centre
- 2 hot water heaters
- Fridge x 4, Stove x 4, washer x 2, dryer x 2, hood fan x 2
- Tenant's possessions
- Utilities:
- Yes
- Sewers:
- Sanitary+Storm
- Air Conditioning:
- No
- Seller Property Info Statement:
- No
- Gross income:
- $106,782
- Net Income Before Debt:
- $86,026
- Expenses Actual/Estimated:
- Actual
- Heating Expenses:
- $3,358
- Hydro Expenses:
- $3,021
- Insurance Expenses:
- $2,118
- Tax Expenses:
- $11,055
- Operating Expenses:
- $20,756
- Water Expenses:
- $1,204
- Year Expenses:
- 2025
- Major Business Type:
- Apts - 2 To 5 Units
- Category:
- Apartment
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- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.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
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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.
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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.