Midland Apartment Buildings for Sale

Multifamily in Midland available for sale

Midland Apartment Building for Sale

2 Tessier Dr

Penetanguishene, ON L9M 1V4

Multifamily for Sale
$2,980,000 CAD
7,692 SF

Air Conditioning
Security System
Controlled Access
Kitchen
Smoke Detector

Penetanguishene Multifamily for Sale - Northern GGH

If you are looking for an absolutely turn key 12-unit apartment building, this is it. Priced at a 6.2 cap rate. This building has had extensive renovations in the past 5 years. You will not find a better investment opportunity. 9 one-bedroom apts and 2 one-bedroom with dens and 1 two-bedroom with new kitchens, bathrooms, flooring, doors, trim, some new electrical and plumbing, drywall, heating, laundry room, security room, paved parking, appliances, fire and smoke system, and revamped decks. Great downtown Penetanguishene location, walking distance to shopping, restaurants, and a beautiful trail system along the waterfront park on Georgian Bay. Very easy to find quality tenants in this location. Minimum 36 hours' notice to show the building. First visit, we will set up only 3 apartments to give you a good feel of the property. Listing agent must be present for all showings. Financials available upon request.

Contact:

Team Hawke Realty

Property Subtype:

Apartment

Date on Market:

2025-11-24

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Apartment Buildings for Sale in Midland

View All Available Listings

How many apartment buildings are available for sale in Midland?

There are currently 1 apartment buildings available for sale in Midland, offering a unique opportunity for businesses to establish a presence.

How big are the apartment buildings available for sale in Midland?

The average size of apartment buildings available for sale in Midland is about 7,692 SF. The largest apartment buildings available to buy is 7,692 SF and the smallest is 7,692 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

What's the cap rate for apartment buildings in Midland?

The average market cap rate for apartment buildings for sale is about 6.20% based on data provided in Midland. Learn more about how cap rates are calculated.

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Apartment Building for Sale in Midland