Small Apartment Buildings for Sale in Canada

Delta Multifamily for Sale - Richmond/Delta

Greensview Apartments is a well-maintained 24-suite, three-storey rental apartment building located in the heart of Tsawwassen, one of Delta's most established communities. Built in 1985 on a 22,200 SF lot, the building features a mix of one- and two-bedroom suites, tenant storage, and secured parking. Offered at a 3.75% cap rate and approximately $289,580 per door, the property provides strong in-place income with 2025 net income projected to rise 11.4% following 4.6% growth in 2024 ' a 16.5% increase over two years. With several suites currently below market, there is clear rental upside through tenant turnover. The property is designated Neighbourhood Centres & Corridors in Delta's 2024 OCP, allowing for consideration of future redevelopment up to 6 storeys

Property Subtype:

Apartment

Date on Market:

2025-10-07

Montréal Multifamily for Sale - Centre-de-l’Île Sud

2750 Van Horne Avenue represents a unique opportunity to acquire a quality multifamily property with excellent development potential, located in the heart of the highly sought-after Côte-des-Neiges neighborhood. Set on a 7,700 sq. ft. lot, the existing building includes one 3½, one 4½, and six 5½ units, as well as a large six-door garage with the potential to be converted into four new two-level units, each featuring four bedrooms and approximately 1,500 sq. ft. of living space. The property stands out for its good overall condition, strong development potential, and promising long-term appreciation. LOCATION Ideally located in Côte-des-Neiges, directly across from the Wilderton Centre, the property is just a few minutes’ walk from Université de Montréal, HEC, Polytechnique, and Collège Brébeuf, with quick access to the new Édouard-Montpetit REM station. Nearby: Parks: Martin-Luther-King Park Shopping: Wilderton Centre, Plaza Côte-des-Neiges Transportation: Université-de-Montréal metro, Édouard-Montpetit REM station Hospitals: Ste-Justine, Jewish General Hospital, St-Mary’s Schools & Universities: Université de Montréal, HEC, Polytechnique, Brébeuf College BUILDING Lot size: 7,700 sq. ft. 1 x 3½, 1 x 4½, and 6 x 5½ | Total: 8 residential units Heating: Electric, paid by tenants Hot water: Electric water heaters, paid by tenants Certificate of location: October 2017 Environmental study: Phase 1 – February 2018 DEVELOPMENT POTENTIAL Possibility to build a 7,867 sq. ft. extension (3 levels + basement), consisting of 4 new two-level units, each with 4 bedrooms and about 1,500 sq. ft. of living area. A building permit was approved by the City in May 2022 for this extension (the permit was never paid). Architectural plans are available upon request, showing 4 new two-level units of approximately 1,500 sq. ft. each. ADVANTAGEOUS FINANCING Potential to qualify for CMHC MLI Select financing under the energy efficiency criteria.

Property Subtype:

Apartment

Date on Market:

2025-10-06

Nelson Multifamily for Sale

Excellent Investment Opportunity! Welcome to 1007 Gordon St, a triplex situated in the sought-after area of Fairview in Nelson. Each of these three self-contained units has been thoughtfully renovated, including modernized kitchens and bathrooms, and new flooring throughout. The lower level is a bright and cozy one-bedroom bachelor unit featuring a spacious kitchen that overlooks the backyard and garden. The upper unit is a charming one-bedroom suite that offers an open-concept kitchen and living area, plus a full bath. The main floor unit main unit features a sleek, modern kitchen with like-new cabinets and appliances. This property has the added bonus of gorgeous lake views! Additional features include in-suite laundry in all three units, separate utilities for each unit, parking for three vehicles, plus ample street parking. Close to amenities, schools and more.

Property Subtype:

Apartment

Date on Market:

2025-09-27

Collingwood Portfolio of properties for Sale - Northern GGH

Power of Sale – Premier Redevelopment Opportunity in Downtown Collingwood An extraordinary chance to acquire five contiguous properties—160, 162, 170, 172 & 180 First Street—offering nearly 200 feet of prime frontage on Collingwood’s busiest corridor, with daily traffic volumes of approximately 25,000 vehicles. This high-visibility corner location presents unmatched exposure and long-term redevelopment potential under C-4 mixed-use zoning, ideal for investors, developers, or businesses seeking a flagship site. Options to sell separately: 160 First St - $1,649,000 162-180 First St - $1,990,000

Property Subtype:

Mixed Types

Date on Market:

2025-09-24

Montréal Multifamily for Sale - Est-de-l’Île

Construction 2023 -- Investissement clé en main à RDP! Superbe immeuble moderne de 3 étages comprenant 12 logements avec stationnement intérieur au garage, situé dans le secteur recherché de Rivière-des-Prairies, sur l'île de Montréal. Construit en 2023, cet immeuble combine revenus solides, faible entretien et tranquillité d'esprit. Une opportunité rare d'acquérir un actif rentable et clé en main, offrant un excellent potentiel de valorisation à long terme.

Property Subtype:

Apartment

Date on Market:

2025-09-23

Ottawa Portfolio of properties for Sale - Tunney's Pasture

CBRE Limited is pleased to act as the exclusive advisor, and offer for sale, on behalf of the Owners, the property municipally known as 402, 406, 408, 410 Preston Street, Ottawa, Ontario (the “Property”).Nestled on the most active corner in the Little Italy community of Ottawa, the Property is an attractive opportunity for mid-density, mixed-use development, with interim holding income.The Property is currently improved with 4 buildings, operating as 4 residential units and an automotive repair shop on the corner. On the south end of the Property is a laneway that can accommodate as many as 4 cars.Little Italy and the Preston Street corridor is Ottawa’s most exciting neighborhood. The Ottawa Hospital is actively constructing its new Civic Hospital Campus a short distance south of the Property. The City of Ottawa opened the updated Trillium north/south LRT line in Q4-2024, with the Dow’s Lake station 3 blocks away from the Property, and the Ottawa Senators have announced the relocation of its arena to LeBreton Flats, at the north end of the Preston corridor. Continued gentrification to this already vibrant neighbourhood creates an amazing opportunity to join the momentum of the area with the purchase of the Property. The Property site area is approximately 9,762 square feet, with frontage of 100 feet along Preston Street, and a depth of 100 feet. The Property is being offered on a first come, first served basis at an asking price of $5,000,000.

Property Subtype:

Mixed Types

Date on Market:

2025-09-22

Victoria Multifamily for Sale

The subject property features a two-and-a-half-storey wood-frame apartment building that has been converted into eight (8) legal suites. These include one (1) studio suite, five (5) one-bedroom suites, one (1) two-bedroom suite, and one (1) three-bedroom suite. The property offers on-site parking for up to 10 vehicles, and most suites include balconies or patios. Rent covers hot water and heating for all suites, except for the three-bedroom suite, which is responsible for its own electric heating costs. The two-bedroom suite has in-suite laundry, while the remaining suites have access to on-site laundry machines owned by the Landlord. Each suite is individually metered for electricity, with tenants directly responsible for their usage.

Property Subtype:

Apartment

Date on Market:

2025-09-18

Grande Prairie Multifamily for Sale

INVESTMENT OPPURTUNITY FULLY OCCUPIED Mixed use building features 2 commercial units and 7 residential apartments in the heart of downtown Grande Prairie. Commercial tenants are very long term and residential units always in high demand giving you long term reliable cashflow. Tenant parking located behind the building. Also has coin operated laundry for additional income. Priced to sell at an attractive 8% cap rate.

Property Subtype:

Apartment

Date on Market:

2025-09-16

Vancouver Multifamily for Sale - City of Vancouver Non Core

Located in the heart of Vancouver’s desirable Marpole neighborhood, French Court Apartments presents a rare opportunity to acquire a well-maintained, 39-suite rental apartment building with significant upside potential. Constructed in 1986, this three-storey wood-frame property features a distinctive Colonial-style design with a large arched entrance leading to a private tiled courtyard, offering both charm and curb appeal. The building sits on a generous 20,976 SF parcel with 150 feet of frontage along French Street, just steps from the vibrant Granville Street commercial corridor. Tenants benefit from immediate access to grocery stores, restaurants, schools, parks, and frequent transit service connecting to Downtown Vancouver, YVR Airport, and Richmond. Marine Gateway and the Canada Line SkyTrain are only minutes away, enhancing connectivity across Metro Vancouver. French Court has undergone extensive capital improvements, including full window replacements, exterior façade upgrades, and renovations to over half the suites. Each unit is equipped with electric baseboard heating and individual hot water tanks, all recently replaced. Heat, hot water, and electricity are separately metered and tenant-paid, ensuring operational efficiency and reduced ownership costs. Current rents are approximately 40% below market, offering investors the opportunity to increase cash flow and yield through turnover and continued suite upgrades. With a historically stable occupancy rate and strong rental demand in Marpole, this asset is well-positioned for long-term growth. The area’s ongoing redevelopment, including the upcoming Marpole Community Centre and expanded public library, further enhances the investment appeal.

Property Subtype:

Apartment

Date on Market:

2025-09-15

Vernon Multifamily for Sale

Great opportunity to purchase a 16 unit apartment building in downtown Vernon that was fully renovated in 2019-2020. All suites have newer bathrooms/kitchens new laminate flooring and cabinets. It is comprised of nine (9) 2 bedroom suites, six (6) 1 bedroom suites and one (1) studio. The property is zoned RH3 (High-rise apartment residential) allow for 65 units per acre with potential to increase to 79 units per acre. Building including 16 parking stalls. Share sale an option and there is a assumable CMHC mortgage financing in place at 4.13% interest rate until 2033.

Property Subtype:

Apartment

Date on Market:

2025-09-10

Hamilton Portfolio of properties for Sale - Southern GGH

Property Subtype:

Multi Family

Date on Market:

2025-09-05

Kitchener Portfolio of properties for Sale - Western GGH

Well-maintained 22-unit apartment property in Uptown Waterloos desirable North Ward, consisting of two neighbouring buildings on separate lots being sold together. The suite mix includes 3 bachelor units and 19 one-bedroom units, offering excellent rental appeal for singles and couples. Both buildings are professionally managed and benefit from steady tenant demand in this central, walkable location near transit, shopping, dining, and amenities. With current rents below market, there is significant upside potential through turnover and strategic renovations. A rare opportunity to acquire a stable, income-producing asset with long-term value growth in one of Waterloo Regions most sought-after neighbourhoods.

Property Subtype:

Multi Family

Date on Market:

2025-09-02

Kitchener Multifamily for Sale - Western GGH

Elegant and income-producing, this beautifully renovated Victorian mansion in the heart of Downtown Kitchener offers 17 fully tenanted suites with modern finishes and historic charm. Originally built in 1897 and fully converted in 1998, the property blends oversized original trim, high ceilings, and period architecture with contemporary upgrades including new kitchens, stainless steel appliances, and luxury plank flooring. The diverse unit mix4 one-bedrooms, 12 bachelors, and 1 two-bedroom caters to a broad tenant base. Situated steps from the ION LRT, Victoria Park, and the citys cultural and tech hubs, 44 Weber delivers stable rental income, strong curb appeal, and turn-key operations with no immediate capital requirements.

Property Subtype:

Apartment

Date on Market:

2025-09-02

Vancouver Multifamily for Sale - City of Vancouver Non Core

Built in 1962 and exceptionally well-maintained, 8665 Osler Street presents a rare opportunity to acquire a stabilized 21-suite apartment building in Vancouver’s evolving Marpole neighbourhood. Featuring 19 upgraded suites and recent capital improvements - including full re-piping and energy-efficient double-glazed windows - this income-producing asset offers immediate returns with long-term upside potential. Ideally located just off SW Marine Drive, the property offers excellent access to Granville, Oak, and Highway 99, with rapid connections to Downtown, YVR, and Richmond. Steps from Marine Gateway and SkyTrain, residents enjoy walkable access to retail, dining, and transit. With its central westside location, excellent transit access, and proximity to future growth areas, 8665 Osler is well-positioned to benefit from continued upward pressure on land and rental values in Vancouver’s multifamily market.

Property Subtype:

Apartment

Date on Market:

2025-08-25

Wood Buffalo Multifamily for Sale

Franklin Place presents a compelling turnkey investment opportunity in the heart of Fort McMurray, Alberta’s energy capital. This fully renovated mixed-use property features 44 residential units and 12 commercial bays totaling 16,837 square feet of retail and office space. With 100% occupancy across both components, the asset delivers immediate in-place cash flow and long-term upside potential. The residential suite mix includes bachelor, one-bedroom, and bi-level two-bedroom units, with shared laundry, large balconies, in-suite storage, and 9-foot ceilings. Commercial tenants benefit from air-conditioned bays and high visibility along Franklin Avenue, the city’s primary commercial corridor. The building underwent extensive renovations in 2019, including new mechanicals, modernized interiors, updated roofing, and refreshed common areas, minimizing near-term capital requirements. Strategically located within walking distance of major amenities such as Walmart, Canadian Tire, and Northern Lights Regional Health Centre, the property offers direct access to Highway 63 and public transit routes. The surrounding neighborhood supports a stable tenant base of healthcare professionals, tradespeople, and students. Fort McMurray’s multifamily fundamentals are strong, with average household incomes nearing $189,000, a 4.9% annual population growth, and tightening rental vacancy rates. With residential rents currently averaging 20% below market, investors have a clear path to revenue growth through lease turnover and rate optimization.

Property Subtype:

Apartment

Date on Market:

2025-08-25

Toronto Multifamily for Sale - Downtown West

Currently fully rented $15,000 monthly rental income. Turnkey commercial/residential property situated directly adjacent to the future King Bathurst station on the Ontario Line (development opportunity). This 15.6 km rapid transit line, connecting Exhibition Place to the Ontario Science Centre, is set to revolutionize connectivity in Toronto. Located at 54 Stewart Street, this property is steps away from the upcoming King Bathurst station, enhancing its appeal for both commercial and residential purposes. It is extensively renovated in 2024, with over $700,000 invested in gutting the property to the studs, ensuring a maintenance-free experience for the next 20+ years. Currently houses 3 commercial tenants and 2 residential apartments. It includes a large rear addition with a private backyard patio, providing a serene outdoor retreat.

Property Subtype:

Apartment

Date on Market:

2025-08-22

Winnipeg Multifamily for Sale

Colliers Winnipeg is pleased to announce the offering of a professionally constructed apartment building located in the well established and mature neighbourhood of East Kildonan. Built in 2021 with total of 6 large and modern living units, the property is a block from Henderson Highway, with easy access to grocery stores, schools, daycares, golf courses, parks, and restaurants.

Property Subtype:

Apartment

Date on Market:

2025-08-20

Winnipeg Multifamily for Sale

868 Jubilee Avenue is on the border of Wildwood and South Osborne, right next to the Jubilee Station, a part of Phase II of the Bus Rapid Transit system that provides fast access to both Downtown Winnipeg going North and the University of Manitoba/South Pembina corridors going South. There is grocery, schools, daycares, golf courses, parks, restaurants, and other very walkable amenities in close proximity. • The building was completed in 2020 and has been fully occupied since completion. • Unit designs are modern with large open-style kitchen/living rooms, two similarly sized bedrooms (140+ SF), one bathroom, laundry room, and master suite walk-in closet • The building is considered highly efficient as there are no interior common areas, leading to lower operating expenses. Each unit therefore has an exterior entrance, which many tenants prefer as it allows for a more personal feel to your home.

Property Subtype:

Apartment

Date on Market:

2025-08-20

North Vancouver District Portfolio of properties for Sale - North Shore

Two strata units are available for sale in the heart of Deep Cove, offering prime office/retail space steps from the waterfront and popular shops. Suite 105C is priced at $1,100,000 and features 548 sq.ft., while Suite 106C offers a larger footprint of 1,400 sq.ft. at $2,000,000. Both spaces provide bright, functional layouts ideal for businesses seeking strong community presence and high foot traffic in this vibrant neighborhood.

Property Subtype:

Multi Family

Date on Market:

2025-03-04

Toronto Multifamily for Sale - East Toronto

This property is an excellent investment opportunity! With 20 residential units and one commercial tenant secured until 2026, you've got a great mix of income stability and potential for value appreciation. A 5.55% cap rate offering a great net income and good returns - see attached Property Proforma for the details. Property is self-managed (proforma shown with a property management company) for the most part and has a supervisor for maintenance and cleaning. Mostly month-to-month tenants with three vacant 1-bedroom units which could be leased at market rates currently between $1700-$2300 per month. Also allows for possible renovations to attract a higher rent. The commercial tenant ensures reliable income until December 2026. Popular high demand area due to its walkability, transit access, and vibrant community This area is part of the Greenwood-Coxwell and Leslieville neighbourhoods, known for their vibrant and trendy atmosphere. The area boasts a Walk Score of 93, meaning daily errands can be done on foot. It also has excellent transit options with a Transit Score of 73, making commuting convenient. With a Bike Score of 79, biking is a great way to get around. The neighbourhood is packed with boutique shops, gourmet restaurants, and lively cafes, making it a hotspot for food lovers and shoppers. Residents enjoy easy access to parks and beaches, offering great outdoor spaces for relaxation and recreation. The area has a mix of historic charm and modern conveniences, making it a desirable place to live. Close to many schools in the area providing a mix of academic, technical, and arts-focused programs.

Property Subtype:

Apartment

Date on Market:

2025-07-10

Oshawa Multifamily for Sale - Whitby/Oshawa

Can be sold on its own as a 4 plex or together with 255 Tresane (6 plex) for a total of 10 units. Fully leased with guaranteed rent with scheduled tribunal increases for the next 5 years. Brand newly built luxury 4 two bedroom units. Closes to transit highway downtown Oshawa.

Property Subtype:

Apartment

Date on Market:

2025-06-29

Longueuil Multifamily for Sale - Rive-Sud

- Gorgeous 8-plex located in the heart of St-Hubert - Good location near all services, transports, parks and amenities - DIX30 and Promenades St-Bruno are 15 minutes away - 8 large apartments of over 1,000 sq.ft. each - Each tenant has a parking space and a storage locker - Electric heating and hot water paid by the tenants - Washer/dryer and dishwasher hookups in all the units - 5 apartments renovated in the last 5 years - 3 units still have below-market rents, lots of room for optimization - Possibility of CMHC MLI Select financing - Possibility to purchase with minimal down payment - Amazing investment opportunity in a great neighborhood

Property Subtype:

Apartment

Date on Market:

2025-06-28

Hamilton Multifamily for Sale - Southern GGH

Attention Investors-Turn Key 9 Unit Property Multiplex !!! Gross Annual Revenue Of Almost $161,000 . Building Has Been Substantially Renovated Throughout . Steps To 2 Major Transit Lines, Go Station & All Downtown Amenities. Laundry On Site, Private Balcony/Patios, 24 Hrs For Showings.

Property Subtype:

Apartment

Date on Market:

2025-06-23