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80 Virginia Street
23 - Rideau Kingston K7K 5Y4

$4,750,000 /For Sale
Commercial

Main Photo: 80 Virginia Street in Kingston: 23 - Rideau Commercial for sale : MLS®# X13124720
Photo 1: 80 Virginia Street in Kingston: 23 - Rideau Commercial for sale : MLS®# X13124720
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Status:
Active Under Contract
Prop. Type:
Commercial
MLS® Num:
X13124720
Bus Major:
Apts - Over 20 Units
Excellent opportunity to acquire a well-maintained 25-unit low-rise apartment building in Kingston, Ontario. Previously REIT-owned, this property has been professionally managed and is in excellent overall condition. Conveniently located on a bus route, minutes to Highway 401, and close to downtown Kingston.The building offers stable in-place income with clear upside through rental increases on tenant turnover. Additional lift may be available by having new tenancies pay their own hydro.A clean, stabilized multifamily asset in a strong rental market with meaningful long-term upside.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
210000 sq. ft. Square Feet
Total Area:
4.82 acre(s)
Lot Depth:
295'2"
Lot Frontage:
135'1"
Water supply:
Municipal
Zoning:
B1
Heating type:
Radiant
Garage:
Outside/Surface
Possession Details:
Flexible
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$56,973.17 / 2025
Assessment:
$- / -
Frontenac
Kingston
23 - Rideau
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - Over 20 Units
Category:
Apartment
Date Listed:
May 13, 2026
Original Price:
Previous Price:
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Listed by RE/MAX RISE EXECUTIVES, BROKERAGE
Data was last updated June 14, 2026 at 02:15 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
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  • 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:

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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.