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683 Principale Street
604 - Casselman Casselman K0A 1M0

$849,900 /For Sale
Commercial

Main Photo: 683 Principale Street in Casselman: 604 - Casselman Commercial for sale : MLS®# X13164160
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13164160
Bus Major:
Apts - 2 To 5 Units
Excellent investment opportunity in the heart of Casselman! This versatile triplex offers a great mix of residential and commercial income potential. The main house has been fully renovated inside and features a beautiful new kitchen, bright and spacious living and dining areas, a convenient main floor 2-piece bathroom with washer/dryer connection, plus two bedrooms and a 4-piece bathroom on the second level. This unit offers flexibility and could potentially be rented as residential or commercial space. The low unfinished basement provides additional storage. The property also includes a commercial office space already rented as a hair salon, plus a separate upper garage apartment featuring 2 bedrooms and an open-concept kitchen, dining, and living area, also already rented. Two large commercial garages offer even more rental potential. With multiple income streams, excellent visibility, and a central location, this property is ideal for investors or owner-occupiers looking to expand their portfolio. (House is currently vacant and can be rented for $2400 no heat or hydro, apt is rented for $1800 per month heat and hydro included, Salon is rented for $850 per month heat and hydro included, both garage doors are currently rented for $800 per month for both.)
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
No
Total Area:
2841 sq. ft. Square Feet
Total Area:
2,840.76 sq. ft.
Lot Depth:
100'
Lot Frontage:
50'
Water supply:
Municipal
Zoning:
GC-15
Heating type:
Gas Forced Air Closed
Garage:
Double Detached
Parking Spaces:
6
Possession Details:
TBD
HST Applicable To Sale Price:
Included In
Type Taxes:
N/A
Taxes:
$5,672 / 2025
Assessment:
$- / -
Prescott and Russell
Casselman
604 - Casselman
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Gross income:
$70,200
Net Income Before Debt:
$57,648.04
Expenses Actual/Estimated:
Actual
Heating Expenses:
$420
Hydro Expenses:
$960
Insurance Expenses:
$4,200
Tax Expenses:
$5,672
Water Expenses:
$1,299.96
Year Expenses:
12552
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Date Listed:
May 22, 2026
Original Price:
Previous Price:
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Listed by REMAX BOARDWALK REALTY
Data was last updated May 23, 2026 at 04:15 AM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

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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.