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Main Photo: 697 Hale Street in London East: East N Commercial for sale : MLS®# X13676564
Photo 1: 697 Hale Street in London East: East N Commercial for sale : MLS®# X13676564
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13676564
Bus Major:
Apts - 6 To 12 Units
ATTENTION INVESTORS: Fully renovated turn-key 8-unit mixed use building plus unfurnished basement. Seven residential suites - 3 bachelor, 2 one-bedroom, 2 two-bedroom - over a ground floor commercial pizza store. Every residential unit has been completely renovated: new flooring, paint, doors, kitchens, bathrooms and appliances. In-suite laundry in units 4 & 5. Major works completed 2026: new steel roof, new steel vents, new exterior lighting throughout, new windows with protectors, new concrete sidewalk, and new vapor barrier through the basement wall. All seven residential units and one commercial unit are vacant with immediate possession - the buyer sets market rent from day one with no inherited tenant issues. Projected gross scheduled income of $132,960 annually based on current market rents. Unfinished basement includes multiple storage areas plus a bathroom rough-in - unpriced upside. Parking at the rear can fit 7 cars at a time. Corner exposure at Dundas & Hale St. Nothing left to do but lease it up!
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
6171 sq. ft. Square Feet
Total Area:
6,171 sq. ft.
Retail Area:
5765 sq. ft. Sq Ft
Lot Depth:
116'11"
Lot Frontage:
75'5"
Lot Shape:
Irregular
Water supply:
Municipal
Zoning:
ASA4/ASA5
Heating type:
Baseboard
Garage:
None
Possession Details:
Flexible
Lot Irregularities:
10.54ft x 133.07ft x 116.94ft x 75.43ft
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2026
Type Taxes:
Annual
Taxes:
$5,472 / 2025
Assessment:
$- / 2026
Middlesex
London East
East N
No
4 hot water tanks
None
No
Utilities:
Yes
Sewers:
Sanitary
Air Conditioning:
No
Seller Property Info Statement:
No
Financial Statements:
No
Expenses Actual/Estimated:
Actual
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Franchise:
No
Chattels:
No
Date Listed:
Aug 14, 2026
Original Price:
Previous Price:
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Listed by RIGHT AT HOME REALTY
Data was last updated August 15, 2026 at 12:15 AM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

  • 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.