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
Main Photo: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 1: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 2: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 3: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 4: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 5: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 6: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 7: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 8: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 9: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 10: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 11: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 12: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 13: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 14: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 15: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 16: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 17: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 18: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 19: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 20: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 21: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 22: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 23: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 24: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 25: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Photo 26: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12717242
Bus Major:
Apts - 6 To 12 Units
Looking for a strong cash-flowing investment that meets the 1% rule with room to increase value even further? 8% cap rate including vacancy, maintenance and management expenses. This property offers 8 fully tenanted units and is zoned for up to 10 residential apartments. With interior existing unused space, there's potential to add 2 additional 1-bedroom units-a built-in value-add opportunity. Unit 4 is currently under-rented, providing additional upside. Most units have already seen upgrades and are occupied by great tenants. Recent capital improvements include new weeping tile (2023) on the north and east sides, resolving previous water penetration concerns. The original structure features a solid rock foundation, while the addition (c. 1987) provides a purpose built 6 unit addition. Other highlights include a double garage with an attached outbuilding for extra storage, two furnaces, two A/C units, and two hot water on-demand rental systems. Each unit has its own hydro panel and current rents are all-inclusive. Roof shingles are in excellent condition (age unknown).The location is unbeatable being located right beside the new OPP station, and within walking distance to downtown amenities including the Beer Store, LCBO, restaurants, and the Mattawa River just a couple of blocks away. Management company willing to stay on (I am part ower of that company with my son)
Percent of Building:
100
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
6142 sq. ft. Square Feet
Total Area:
6,142 sq. ft.
Lot Depth:
171'4½"
Lot Frontage:
132'
Lot Shape:
Irregular
Bathrooms:
8.0
Water supply:
Municipal
Zoning:
Residential Type 2 (R2-26)
Heating type:
Gas Forced Air Open
Survey Available:
Yes
Garage:
Double Detached
Parking Spaces:
2
Possession Details:
Immediate
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Development Charges Paid:
Unknown
Type Taxes:
Annual
Taxes:
$8,291 / 2025
Assessment:
$- / 2025
Nipissing
Mattawa
Mattawa
Major Highway, Skiing
No
2 Hot Water on Demand Water Heaters
8 fridges, 8 stoves, coin op laundry, Carbon Monoxide Detector, Smoke Detector
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Gross income:
$133,010
Net Income Before Debt:
$84,034
Expenses Actual/Estimated:
Actual
Operating Expenses:
$48,975
Year Expenses:
48975
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Outside Storage:
Yes
Date Listed:
Jan 21, 2026
Original Price:
$1,050,000
  • Photo 1: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 1 of 26
  • Photo 2: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 2 of 26
  • Photo 3: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 3 of 26
  • Photo 4: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 4 of 26
  • Photo 5: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 5 of 26
  • Photo 6: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 6 of 26
  • Photo 7: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 7 of 26
  • Photo 8: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 8 of 26
  • Photo 9: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 9 of 26
  • Photo 10: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 10 of 26
  • Photo 11: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 11 of 26
  • Photo 12: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 12 of 26
  • Photo 13: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 13 of 26
  • Photo 14: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 14 of 26
  • Photo 15: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 15 of 26
  • Photo 16: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 16 of 26
  • Photo 17: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 17 of 26
  • Photo 18: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 18 of 26
  • Photo 19: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 19 of 26
  • Photo 20: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 20 of 26
  • Photo 21: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 21 of 26
  • Photo 22: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 22 of 26
  • Photo 23: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 23 of 26
  • Photo 24: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 24 of 26
  • Photo 25: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 25 of 26
  • Photo 26: 510 Valois Drive: Mattawa Commercial for sale : MLS®# X12717242
    Photo 26 of 26
To access this listing,
please create a free account

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage
Data was last updated January 23, 2026 at 04:15 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.