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109 Division St N 34 Unit Apartment Building $5,800,000 CAD ($170,588 CAD/Unit) 5.27% Cap Rate Kingsville, ON N9Y 1E3
Executive Summary
Introducing a solid, purpose-built 34-unit apartment building nestled in the heart of Kingsville, one of Southwestern Ontario's most sought-after lakeside rental markets. Featuring a strong mix of 22 one-bedroom and 12 two-bedroom suites, fully tenanted to reliable tenants. Separate hydro meters, with all tenants paying their own hydro. Many units currently rent well below market, offering significant upside as suites turn. A number of suites have been fully renovated to a modern standard, with a new on-site storage area recently added. Ideally situated just off Main Street, steps from downtown Kingsville's shops, restaurants, and grocery, minutes to the Kingsville Recreation Complex, Lakeside Park, and the Lake Erie waterfront, with a direct route to Windsor. This is a rock-solid building and is sure to offer investors both growth and stability for years to come. Call today for details and to view.
Offers will be reviewed on August 19, 2026, at 5:00 p.m. The Seller reserves the right to review and accept any pre-emptive offer prior to the offer date. Please contact Cliantha Fernandes (cliantha@fergogroup.ca) for the rent roll, financial information, and additional property details.
Offers will be reviewed on August 19, 2026, at 5:00 p.m. The Seller reserves the right to review and accept any pre-emptive offer prior to the offer date. Please contact Cliantha Fernandes (cliantha@fergogroup.ca) for the rent roll, financial information, and additional property details.
Property Facts
| Price | $5,800,000 CAD | Building Class | C |
| Price Per Unit | $170,588 CAD | Lot Size | 1.34 AC |
| Sale Type | Investment | Building Size | 20,220 SF |
| Cap Rate | 5.27% | Average Occupancy | 100% |
| No. Units | 34 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.93/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 FP | ||
| Price | $5,800,000 CAD |
| Price Per Unit | $170,588 CAD |
| Sale Type | Investment |
| Cap Rate | 5.27% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.34 AC |
| Building Size | 20,220 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1974 |
| Parking Ratio | 1.93/1,000 SF |
| Zoning | R-3 FP |
Amenities
Unit Amenities
- Balcony
- Storage Space
- Heating
- Kitchen
- Oven
- Family Room
- Intercom
- Large Bedrooms
Site Amenities
- Controlled Access
- Property Manager on Site
- Recycling
- Smoke Free
- Storage Space
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | - |
| 1+1 | 22 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
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Videos
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Photos
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Presented by
Fergo Group
109 Division St N
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