Small Apartment Buildings for Sale in Canada

Vancouver Multifamily for Sale - Broadway Corridor

Historic one-of-a-kind multifamily property in the heart of Vancouver’s coveted South Granville neighbourhood. The McEvay Blair Multifamily Group of Marcus & Millichap is proud to present a rare and unique opportunity to own a piece of Vancouver’s history in the Penrhyn Lodge (the “Property”). Having been built early in the 20th century, the Property exudes timeless character and charm, showcased by vintage stained glass windows, coffered ceilings, and original hardwood fir floors. The building has, however, undergone many updates over the years, and in its current form features 20 rental units ranging from micro units that share a communal washroom, to self-contained bachelor suites, one bedroom lofts, and a grand two bedroom unit. There are also two coach houses off the laneway. Nestled in the heart of Vancouver’s coveted South Granville neighbourhood the Property is surrounded by world class dining and shopping. The future South Granville Broadway Subway Station will be a short 9 minute walk for tenants commuting to UBC and downtown. Penrhyn Lodge offers investors secure and stable cash-flow with continued rent growth underpinned by future redevelopment potential under the Broadway Plan.

Property Subtype:

Apartment

Date on Market:

2025-01-15

Innisfil Multifamily for Sale - Northern GGH

Enter an exceptional investment opportunity located in the heart of Innisfil, one of Ontario's fastest-growing communities. This property offers a rare chance to establish a foothold in a burgeoning real estate market. Recently built, it features 7 residential units and 1 commercial unit, currently generating substantial rental income, making it a robust investment. Additionally, with preliminary municipal approval for an additional 12 units, the potential expands to a total of 20 units, poised for lucrative rental returns or development. Strategically positioned amidst Innisfil's expanding landscape, this property serves as a gateway for investors looking to capitalize on the town's thriving economy and growing population. Its prime location, just minutes from Barrie and less than an hour from Toronto, appeals to commuters and families alike, driving demand for high-quality housing options. The opportunity to add 12 more units opens doors to diverse possibilities, whether expanding the existing rental portfolio or pursuing new development ventures. Residents enjoy easy access to recreational activities such as boating, fishing, hiking, and golf, blending urban convenience with natural beauty. Backed by the municipality's proactive support for further development and infrastructure improvements including transportation upgrades and expanded commercial facilities investing in Innisfil promises not only immediate returns but also long-term appreciation and prosperity. Whether you're a seasoned investor seeking portfolio diversification or an astute entrepreneur with an eye for opportunity, this property offers an ideal platform to realize your vision and maximize returns in Innisfil's dynamic real estate market. Buyer encouraged to pursue CMHC lending opportunity through MLI Select product. *Complete iGuide interior virtual tour and building plans available by request.*

Property Subtype:

Apartment

Date on Market:

2024-12-26

Kitchener Multifamily for Sale - Western GGH

Attention all developers. Unique opportunity for this 65 ft x 280 ft lot. The property is Site Plan approved for 10 Unit Stack Townhomes with 15 Parking spots. Central location close to Downtown Kitchener ,St. Mary's hospital, shopping, schools and many other amenities. Included in the price: Architectural Drawings, Structural Framing Drawings, Landscape drawings, Topographic Survey, Boundary Survey, Servicing Drawings, Electrical Drawings, Mechanical Drawings, Geotechnical Report, Environmental study Phase 1,Landscape Plan, Legal Survey and Topographic Survey. Option for a Vendor Payback available.

Property Subtype:

Apartment

Date on Market:

2024-12-11

Montréal Portfolio of properties for Sale - Centre-de-l’Île Sud

EXCEPTIONAL PORTFOLIO -- FIRST TIME ON THE MARKET. 7 income-producing buildings totaling 123 units on Édouard-Montpetit in prime Côte-des-Neiges. AAA location near Université de Montréal and major hospitals. Exceptional rental demand with strong upside potential. Family-owned for decades. Sold as one portfolio, without legal warranty, as-is. New certificate of location and Phase 1 provided after accepted offer. Ideal for institutional or private investors.

Property Subtype:

Multi Family

Date on Market:

2024-12-04

Calgary Multifamily for Sale - Beltline

Builders Investors , here is the opportunity to purchase a generating income , 11 suite apartment of large 1 bedrooms, very well taking care of all thru the years , Brick facing building is to desired for , this lot and building of 6500 sq.ft. land use CC-MXH FAR OF 5 FAR COUD BE INCREASED TO 9 FAR WITH APPROVAL FROM CITY PLANNING DEPARTMENT. Great location in BELTLINE .Take advantage of Calgary’s growing population, young, entrepreneurial vibe, and rapidly evolving cityscape.

Property Subtype:

Apartment

Date on Market:

2024-12-03

Regina Multifamily for Sale

GREAT 9-UNIT SOLID CONCRETE BUILDING. 7 UNITS 1 BDRM. 2 UNITS 2 BDRMS. NET OPERATING INCOME OF $48,750.

Property Subtype:

Apartment

Date on Market:

2024-11-28

Squamish Multifamily for Sale

Royal LePage Sussex Phoenix Realty is proud to present for sale this very large and highly unique parcel of development land in the Brackendale area of Squamish. Consisting of a mainly bare parcel ready to be developed, but importantly the site includes a ‘duplex’ building completed recently which operates as an extremely innovative co-housing development with a total of 14 rooms individually rented all with private bathrooms, generating very high monthly incomes. The goal and preliminary layout for the site includes 13 additional lots with sizes between 7,500 – 8,500 sf serviced by an internal private road. With the new R-1 zoning allowances as well as the current RS-2 zoning, this would allow a four-plex to be built on each lot giving a total potential of 54 new homes.

Property Subtype:

Apartment

Date on Market:

2024-11-22

Guelph Multifamily for Sale - Western GGH

- Two-bedroom units - Significant value-add opportunity, over 70% rental upside - Well capitalized building offering predictable cash flow - High demand rental area surrounded by primary and secondary schools, minutes to multiple industrial parks, downtown and Hanlon parkway connecting to Highway 401

Property Subtype:

Apartment

Date on Market:

2024-11-19

Chilliwack Multifamily for Sale - Abbotsford/Chilliwack

This 10 strata lot property offers flexibility for selling off units individually, catering to diverse investment strategies. Its large lot size not only provides immediate value but also promises exponential growth potential for future development opportunities. Additionally, the well-maintained and self-managed nature of the property presents opportunities to rehabilitate units, maximizing rental income and overall investment returns.

Property Subtype:

Apartment

Date on Market:

2024-11-07

Surrey Multifamily for Sale - Surrey/Langley

ATTENTION DEVELOPERS & INVESTORS!! 1.3 Acre (Approx. 57,000+ Sq.Ft.) of Land with 34 Town Homes/Apartments in the heart of Surrey!! Potential for Redevelopment into High/Mid Rise! Ideal investment for Rental Income - while you wait for permits! Prime Location - one street over from Surrey Downtown and just Blocks form Surrey Central Mall, Skytrain Station and SFU. Close to schools, entertainment, restaurants, shopping and Hospital. Current F.A.R shows as 2.5 but this land is slated to be 4.0 F.A.R soon - with possible allowable height for up to 12 storeys or more! Price is for all 34 units together with land. Buyer or Buyer's agent to verify with the City Of Surrey and do due diligence in every respect. Age and all measurements are from Autoprop and are approximate.

Property Subtype:

Apartment

Date on Market:

2024-11-06

Toronto Multifamily for Sale - West Toronto

A unique opportunity to own a rarely available waterfront property only 10 minutes to Downtown Toronto with a 60 ft frontage on Lake Ontario. The property is currently an operating triplex with 3,685 sq ft of rentable area (including a 1,025 sq ft lower-level unit). The property offers an Investor or end user an opportunity to improve/densify the existing building, hold it for an investment, or build their dream waterfront home. The lower Level is 1,025 sq ft. The 900 sq ft apt includes 1 b/r, kitchen, Living/dining room, foyer, plus the laundry and furnace room. Live in the 3-level unit and collect rent! Detached 400 sq ft rear garage. Mutual drive and rear laneway access.

Property Subtype:

Apartment

Date on Market:

2024-10-29

Toronto Multifamily for Sale - West Toronto

A rare opportunity to purchase this high-performing LEGAL triplex just steps away from the Mount Dennis super transit hub. With an average 8.30% leveraged CAP rate, this fully renovated (gutted to the studs) triplex is an ideal investment to add to any portfolio. This turnkey opportunity offers three two-bedroom units, each spanning 1,000 sq ft, with a private en-suite washer and dryer, brand-new appliances and fixtures, large windows with an abundance of natural light, new mechanicals, and each unit is separately metered for hydro. The spacious backyard and detached garage offer an excellent potential for a garden suite, creating a rare opportunity to further increase the density and value. With a close proximity to a brand new public school, a nearby catholic school, excellent transit and and neighbourhood shopping, this central location ensures low vacancy and high-calibre tenants.

Property Subtype:

Apartment

Date on Market:

2024-10-29

Kitchener Multifamily for Sale - Western GGH

Rare Opportunity! Well maintained Stick Construction Solid Brick Building. Family owned for 18 yrs. Pride of ownership is very apparent; new Weill McLain boilers in 2010, all windows replaced between 2010-2015, new roof in 2018, new water softener system in 2021 and new asphalt parking/driveway. Separately Metered Hydro, Spacious Units and 16 Parking Spaces.

Property Subtype:

Apartment

Date on Market:

2024-10-23

Victoria Multifamily for Sale

Pacific Villa Apartments presents a compelling opportunity to acquire a fully leased 12-suite multifamily asset in the heart of Esquimalt, just minutes from downtown Victoria. With a strong suite mix dominated by large two-bedroom plus den units (67.7%), the property is designed to maximize rental revenue and attract long-term tenants. Four of the twelve suites have been fully renovated, each with approximately $30,000 in upgrades, supporting a proven value-add strategy with over 32% rental upside potential. The building has undergone significant capital improvements, including a newer roof, double-glazed vinyl windows, updated balconies, and a one-year-old gas-fired boiler and hot water tank. These upgrades minimize future capital expenditures and enhance tenant comfort. Radiant hot water heating and 14 surface parking stalls (12 tenant, 2 visitor) further support operational efficiency. Strategically located on Admirals Road between Esquimalt Road and Colville Road, the property benefits from direct transit access and proximity to key amenities such as Red Barn Grocery, Esquimalt Plaza, the Recreation Centre, and the newly developed Esquimalt Town Square. The building is also across from CFB Esquimalt, the township’s largest employer, which anchors the local economy with over 6,000 personnel. Esquimalt’s rental market fundamentals are exceptionally strong, with a 1.5% vacancy rate and rents rising over 6.4% year-over-year. The area offers slightly more affordable rents than Victoria, attracting renters from the capital’s higher-priced market. With a projected population increase and rising household incomes, Pacific Villa Apartments is well-positioned to deliver stable cash flow and long-term growth.

Property Subtype:

Apartment

Date on Market:

2024-10-23

Montréal Multifamily for Sale - Centre-ville Est

Multi-residential property of 35 units with 1 commercial space located in the heart of the Latin Quarter, adjacent to UQAM and Cégep du Vieux Montréal - The units have all been renovated.

Property Subtype:

Apartment

Date on Market:

2024-10-21

Vancouver Multifamily for Sale - City of Vancouver Non Core

Prime opportunity to purchase or lease a strata unit located on the southwest corner of Dunbar Street and West 28th Avenue in Vancouver’s prestigious Dunbar neighbourhood. 4445 Dunbar Street (the “Property”) consists of one legal strata lot totaling approximately 4,155 sq. ft. in area. With a population of just over 23,000, Dunbar is an affluent, well-established, family-oriented neighbourhood located on the West Side of Vancouver.

Property Subtype:

Apartment

Date on Market:

2024-08-16

West Vancouver Multifamily for Sale - North Shore

Property Subtype:

Apartment

Date on Market:

2024-08-14

Victoria Portfolio of properties for Sale

Rare investment opportunity to acquire two (2) impeccably maintained properties, totaling 137 units. Both buildings have undergone significant capital upgrades, ensuring their modernization. Current rental rates remain approximately 25%-28% below market value, presenting substantial rental income upside. Situated within the City of Victoria Fernwood neighborhood, just south of Victoria’s downtown business core, these properties are located within an upscale residential community, fostering a secure and tranquil rental lifestyle for tenants. The location offers unparalleled accessibility to downtown amenities, by easy walking distance or conveniently located along a primary transit route on the Yates Street corridor, which runs adjacent to both properties.

Property Subtype:

Multi Family

Date on Market:

2024-07-24

West Vancouver Multifamily for Sale - North Shore

Located in the heart of Dundarave Village, this rarely available commercial strata unit facing Dundarave Lane is part of the “Bellevue Sunset” residential/commercial development. Built in 1987, this unit has been recently renovated and features 21 ft. of north-facing floor-to-ceiling glass, allowing for plenty of natural light. The layout includes a waiting/reception area, private office, boardroom/workstation, convenient kitchenette with sink, and a private washroom with storage.

Property Subtype:

Apartment

Date on Market:

2024-07-12

Nanaimo Multifamily for Sale

The Trinity Apartments complex is comprised of two three-storey buildings situated on a large 1.35-acre site. The “California” style building design offers large studio style suites with individual entrances that appeal to a wide range of tenants that enjoy having their own front door including students attending the nearby Vancouver Island University. This building design offers a low maintenance and cost-effective alternative to traditional buildings as there are no common area hallways and lobbies to heat, maintain or clean. The Trinity Apartments has undergone a significant transformation under the current ownership with almost all of the suites being fully renovated, new exterior paint (2019) and new on-demand hot water system (2018). One of the units has been converted into an onsite managers office with a modern security system including 39 security cameras positioned around the property. Many of the large studios lend themselves nicely to a conversion opportunity to create junior 1-bedroom suites and the current owner has already completed the conversion of a couple of suites. The studio style suites command market leading price per foot rents and provide good turnover, ensuring rents keep up with inflation. Approximately 25% upside in mark to market rents.

Property Subtype:

Apartment

Date on Market:

2024-04-08

Abbotsford Multifamily for Sale - Abbotsford/Chilliwack

Homeview Apartments is a renovated and well-maintained, 11-unit apartment building, centrally located in the Historic Downtown of Abbotsford. 8 of the 11 units have been tastefully renovated with modern finishings, including stainless steel appliances, quartz counter tops, laminate flooring, and new cabinets and tiling. The below market rents offer investors with incredible upside upon turnover, with minimal requirement for further renovation.

Property Subtype:

Apartment

Date on Market:

2024-04-02

Toronto Multifamily for Sale - West Toronto

This offering presents an exceptional investment opportunity to acquire a multifamily property in a well-established and highly accessible location, west of downtown Toronto. The Property is located in the heart of Little Italy, a vibrant neighbourhood characterized by its charming residences and rich commercial landscape. The area is renowned for its hip cafés, authentic restaurants, eclectic nightlife, European shops, and diverse retail services. This historic neighborhood is also poised for further growth in the coming years. The area’s density and foot traffic are set to rise with 3.5 million square feet of gross floor area approved within 2 kilometres of the site. These developments, along with the Property’s enviable location just minutes to the city’s Financial Core, will continue to draw urban professionals and businesses to the area.

Property Subtype:

Apartment

Date on Market:

2021-09-01

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

Opportunité d'investissement idéalement situé dans le quartier en plein essor de Mercier. Situé sur un coin de rue, ce quadruplex possède 4 grands logements de plus de 1000 pieds carrés chacun. Immeuble totalement résidentiel, mais possibilité de reconvertir une partie en espace commercial. Deux logements complètement rénovés et les quatre appartements sont loués à plein potentiel. Locataires stables; Localisation stratégique sur un coin de rue près des axes routiers; Transport en commun à quelques pas; Location très facile; Parcs et espaces verts à proximité; L'immeuble n'a pas atteint encore son plein potentiel de revenus, donc très belle opportunité d'affaires.

Property Subtype:

Apartment

Date on Market:

2024-03-07