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Main Photo: 7 Balmoral Drive in Kitchener: Commercial for sale : MLS®# X13054494
Photo 1: 7 Balmoral Drive in Kitchener: Commercial for sale : MLS®# X13054494
Photo 2: 7 Balmoral Drive in Kitchener: Commercial for sale : MLS®# X13054494
Photo 3: 7 Balmoral Drive in Kitchener: Commercial for sale : MLS®# X13054494
Photo 4: 7 Balmoral Drive in Kitchener: Commercial for sale : MLS®# X13054494
Photo 5: 7 Balmoral Drive in Kitchener: Commercial for sale : MLS®# X13054494
Photo 6: 7 Balmoral Drive in Kitchener: Commercial for sale : MLS®# X13054494
Photo 7: 7 Balmoral Drive in Kitchener: Commercial for sale : MLS®# X13054494
Photo 8: 7 Balmoral Drive in Kitchener: Commercial for sale : MLS®# X13054494
Photo 9: 7 Balmoral Drive in Kitchener: Commercial for sale : MLS®# X13054494
Photo 10: 7 Balmoral Drive in Kitchener: Commercial for sale : MLS®# X13054494
Photo 11: 7 Balmoral Drive in Kitchener: Commercial for sale : MLS®# X13054494
Photo 12: 7 Balmoral Drive in Kitchener: Commercial for sale : MLS®# X13054494
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13054494
Bus Major:
Apts - 2 To 5 Units
Fantastic opportunity to own a FULLY VACANT PURPOSE-BUILT TRIPLEX! in desirable Belmont Village, steps from Catalyst HIGH TECH HUB, offering both immediate flexibility and strong income potential. This well-maintained property features three Bright & SPACIOUS units, including two upper 2bdrm units and a basement 1bdrm unit where owner is starting renovations to convert it to a 2-bedroom layout - creating even greater future rental possibilities!Large windows fill each unit with natural light, while practical layouts create homes that feel open, comfortable and highly functional for everyday living, The upper and middle units also feature a WALK OUT BALCONY. Each unit is separately metered for hydro. All units will be vacant on closing, providing the flexibility to set market rents and maximize returns from day one. There is also parking for six vehicles, offering excellent convenience for tenants or future owners. Extra shed in the parking lot for extra storage! Recent upgrades include updated flooring, new roof shingles (2020), ensuring low ongoing maintenance and long-term value. There's also coin operated laundry, offering an additional revenue stream. GENEROUS LOT SIZE allowing potential of adding a 4th unit.The property is conveniently located near schools, parks, shopping, hospital ,public transit and major commuter routes, making it highly appealing for both tenants and homeowners. Whether you're an investor or looking for a multi-unit property with flexibility and long-term potential, this is a great opportunity in a high-demand rental area close to transit, amenities, and everyday conveniences.With all units vacant, buyers have the rare advantage of setting their own rents and selecting tenants, or even occupying one unit while generating income from the others.
Property Type:
Commercial
Property Sub Type:
Investment
Property Attached:
Yes
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
2076 sq. ft. Square Feet
Total Area:
2,076 sq. ft.
Lot Depth:
120'
Lot Frontage:
57'2½"
Lot Details:
57.21 x 120.00 Feet
Bedrooms:
5
Bathrooms:
1.0
Water supply:
Municipal
Kitchens:
3
# Main Level Bedrooms:
0
# Main Level Bathrooms:
0
Rooms:
15
Zoning:
Triplex - residential
Heating type:
Gas Forced Air Open
Heating Fuel:
Gas
Cooling:
Yes
Garage:
None
Parking Spaces:
6
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$6,661.2 / 2026
Assessment:
$- / -
Waterloo
Kitchener
Utilities:
Yes
Green Property Information Statement:
No
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Date Listed:
Apr 28, 2026
Original Price:
Previous Price:
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Listed by UPPERSIDE REAL ESTATE LIMITED
Data was last updated April 29, 2026 at 01:15 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

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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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.