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.

Login with:

Forgot password Extend Verify Contact Signup Login

81 Kenwood Drive

Kitchener Kitchener N2B 3H3

$3,999,900 /For Sale

Commercial

Share on X

Share on Facebook

Share on Pinterest

Share Link

Share on Twitter

Share on Facebook

Share on Pinterest

Share Link

• Details
• Photos
• Map

Status:

Active

Prop. Type:

Commercial

MLS® Num:

X13859440

Bus Major:

Apts - 13 To 20 Units

• Photos (24)

Schedule a viewing:

in-person virtual

---

ASAP

Mon

5

OCT

Tue

6

OCT

Wed

7

OCT

Thu

8

OCT

Fri

9

OCT

Sat

10

OCT

Sun

11

OCT

Cancel any time.
• Schedule / Email
• Send listing
• Mortgage calculator
• Print listing

Opportunities of this calibre rarely come to market. For investors seeking a genuinely turnkey multifamily acquisition with minimal near-term capital exposure, proven stability and long-term positioning in the heart of Kitchener-Waterloo, one of Ontario's most dynamic rental markets-81 Kenwood Drive stands apart. Offered at a compelling 5.6% CAP RATE, 81 Kenwood Drive is an exceptionally well-cared-for 16-unit apartment building where capital has been proactively deployed, nothing has been left to chance and the pride of ownership is evident. The building combines the character and oversized layouts of a 1960s-built asset with the confidence and ease of modern, proactive ownership. The desirable mix of 2x1bd, 8x2bd and 6x3bd suites provides remarkably spacious, open-concept layouts that cannot be economically replicated in most new construction, helping drive strong demand and consistent occupancy. Set on almost half an acre, the property features 28 parking spaces with potential for up to 32-approaching an extraordinary 2:1 ratio. What truly distinguishes this asset is its exceptional condition, including extensively renovated suites, completely rebuilt balconies (2022), new exterior door systems (2025), upgraded common areas with slip-resistant tile and rubber stair treads, modern security with intercom, keyless entry and high-resolution cameras, copper plumbing and electrical throughout, and diligently maintained life-safety systems. Equally impressive is the building's operating history: strong tenant satisfaction, a smoke-free environment and, according to ownership, no rental non-payment, LTB proceedings or tenant disputes throughout their tenure. 81 Kenwood represents a rare combination of scale, stability, quality and long-term upside-a truly dialled-in, institutional-quality multifamily investment in one of Canada's fastest-growing technology and post-secondary markets.

General Info:

Property Type:

Commercial

Property Sub Type:

Investment

Freestanding:

Yes

Total Area:

19950 sq. ft. Acres

Total Area:

19,950.48 sq. ft.1,853 m2

Lot Depth:

0'0 m

Lot Frontage:

71'1"21.7 m

Water supply:

Municipal

Zoning:

R2

Additional Info:

Heating type:

Baseboard

Garage:

Outside/Surface

Possession Details:

TBD

Financial Info:

HST Applicable To Sale Price:

In Addition To

Assessment Year:

2025

Type Taxes:

Annual

Taxes:

$41,802 / 2025

Assessment:

$- / 2025

County:

Waterloo

Listing Area:

Kitchener

Rental Items:

N/A

Inclusions:

16 Fridges, 16 Stoves, One Washer, One Dryer

Exclusions:

All Tenant Belongings

Other Details:

Utilities:

Yes

Air Conditioning:

Partial

Seller Property Info Statement:

No

Business Info:

Major Business Type:

Apts - 13 To 20 Units

Category:

Apartment

Listing Info:

Date Listed:

Oct 04, 2026

Original Price:

Signup

Previous Price:

Signup

• 
  Photo 1 of 24
• 
  Photo 2 of 24
• 
  Photo 3 of 24
• 
  Photo 4 of 24
• 
  Photo 5 of 24
• 
  Photo 6 of 24
• 
  Photo 7 of 24
• 
  Photo 8 of 24
• 
  Photo 9 of 24
• 
  Photo 10 of 24
• 
  Photo 11 of 24
• 
  Photo 12 of 24
• 
  Photo 13 of 24
• 
  Photo 14 of 24
• 
  Photo 15 of 24
• 
  Photo 16 of 24
• 
  Photo 17 of 24
• 
  Photo 18 of 24
• 
  Photo 19 of 24
• 
  Photo 20 of 24
• 
  Photo 21 of 24
• 
  Photo 22 of 24
• 
  Photo 23 of 24
• 
  Photo 24 of 24

Larger map options:

Larger map Satellite map Street View Walkscore

Listed by EXP REALTY

Data was last updated October 4, 2026 at 06:15 AM (UTC)

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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:

• Condos for Sale in Toronto Under $350K
• Waterfront Cottages for Sale in Ontario under $300000
• Houses for Sale Richmond Hill under $500000
• Houses for Sale near Caledonia and Eglinton West
• Condos for Sale in Toronto Under $400K
• Aurora Homes For Sale
• Bradford Homes For Sale
• King City Homes For Sale
• Markham Homes For Sale
• Newmarket Homes For Sale
• Richmond Hill Homes For Sale
• Thornhill Homes For Sale
• Toronto Homes For Sale
• Brampton Homes For Sale
• Uxbridge Homes For Sale
• Vaughan Homes For Sale
• Stouffville Homes For Sale
• Mississauga Homes For Sale

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.