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Main Photo: 91 Division Street in Cramahe: Colborne Commercial for sale : MLS®# X12703498
Photo 1: 91 Division Street in Cramahe: Colborne Commercial for sale : MLS®# X12703498
Photo 2: 91 Division Street in Cramahe: Colborne Commercial for sale : MLS®# X12703498
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Photo 42: 91 Division Street in Cramahe: Colborne Commercial for sale : MLS®# X12703498
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12703498
Bus Major:
Apts - 2 To 5 Units
FOURPLEX INVESTMENT OPPORTUNITY (Seller financing opportunity) for anyone looking to expand their portfolio or enter the rental market. Once known as The Grand Trunk Railway Hotel, this building has character and charm that cant be replicated. Seller is willing to consider a Vendor Take Back (VTB). The fourplex is divided into four distinct units, each with its own unique layout and appeal. Unit 1: A spacious 3-bdrm, 1-bath apartment. Unit 2: This unit offers 3 bedrooms and 3 bathrooms, including one full 4-piece bathroom and two additional 2-piece bathrooms. Unit 3: A cozy, yet functional, unit with 1 bdrm plus an additional bedroom and 1 bathroom. Unit 4: A bachelor pad with an additional large mudroom. Its an excellent way to capitalize on the growing demand for smaller, affordable living spaces. Each unit is metered separately for both hydro and gas, which makes it easier for the owner to manage utilities and for tenants to pay for their own consumption. This is a huge selling point for potential renters, as they have greater control over their costs, and it simplifies management for the investor. The large, private yard with mature trees adds further value to the property. The space offers a peaceful retreat for tenants, ideal for outdoor relaxation or hosting gatherings. Additionally, the building has received some updates, including a recently installed metal roof. This is a major advantage, as it minimizes future maintenance costs and gives the property a modern, durable feature .In summary, this fourplex is not just a building, its a property with history, character, and incredible potential.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
4138 sq. ft. Square Feet
Total Area:
4,138 sq. ft.
Lot Depth:
198'2½"
Lot Frontage:
78'4"
Bathrooms:
6.0
Water supply:
Municipal
Zoning:
R2-3
Heating type:
Gas Forced Air Open
Garage:
None
Parking Spaces:
4
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$3,195.71 / 2025
Assessment:
$- / -
Northumberland
Cramahe
Colborne
N/A
3 x Fridge, 3 x Stove, 1 Dishwasher, Shed
Appliances In Unit 4 and all tenant belongings Unit 4 and Unit 2
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Date Listed:
Jan 16, 2026
Original Price:
Previous Price:
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Listed by REAL BROKER ONTARIO LTD.
Data was last updated January 18, 2026 at 03:15 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.