Toronto & GTA multifamily specialists

Multifamily & Apartment Buildings
for Sale in Toronto

BREG specialises exclusively in investment-ready, cash-flowing multifamily properties across Toronto and

the GTA — duplexes, triplexes, fourplexes, and apartment buildings. Every property we represent has

verified rent rolls and confirmed NOI.

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3.5–5.5%

Toronto apartment cap rate range

<3.5%

GTA rental vacancy rate 2025–26

$1.2M–$30M+

Price range of available assets

Asset types

Multifamily property types
BREG works with

BREG represents buyers and sellers across all multifamily asset classes in the GTA

from entry-level income properties to institutional-grade apartment buildings.

Duplex & Triplex

2–3 unit residential income properties. Ideal entry-level investment with residential financing options.

$1.2M – $2.5M

Fourplex & Multiplex

4–6 unit properties. Strong cash flow with manageable scale. High demand from first-time commercial investors.

$1.8M – $3.5M

Apartment Buildings

6–30 unit buildings. Commercial financing, NOI-based valuation, CMHC-insured options available.

$2.5M – $12M

Purpose-Built Rental

20+ unit buildings built for rental. Eligible for CMHC MLI Select — lower rates, up to 85% LTV financing.

$2.5M – $12M

Market intelligence

Toronto & GTA multifamily market
2025–2026

BREG tracks the GTA multifamily market closely. Here is the current investment landscape

Every serious buyer and seller needs to understand before transacting.

Cap rates by asset type & location

Downtown Toronto (core)

3.5 – 4.2%

Toronto midtown / east end

4.0 – 4.8%

Scarborough / Etobicoke

4.5 – 5.2%

Mississauga / Brampton

4.8 – 5.5%

Hamilton / Outer GTA

5.0 – 6.0%

Key market indicators

416 rental vacancy rate

Below 3.5%

Toronto population growth

+700K next decade

Purpose-built rental supply

Severely undersupplied

Post-Nov 2018 units — rent control

No cap between tenancies

CMHC MLI Select financing

Up to 85% LTV available

How it works

How BREG guides your multifamily
acquisition

Investment mandate

We define your criteria — unit count, target neighbourhood, price range, desired cap rate, and return. Most investors find that one 30-minute call is enough to build a precise acquisition mandate.

On & off-market sourcing

BREG searches listed inventory and activates our private off-market network. Many of Toronto's best apartment building deals never reach a public portal — access requires a specialist relationship.

Financial underwriting

BREG reviews actual rent rolls, current leases, vacancy history, and operating expenses — then produces a normalised NOI analysis and cap rate benchmarking before any offer is drafted.

Due diligence & financing

We coordinate physical inspection, RTA lease review, title search, and commercial mortgage structuring — including CMHC MLI Select applications for qualifying purpose-built rental assets.

Important — Ontario RTA

Units occupied before Nov 15, 2018, are rent-controlled — annual increases capped at the provincial guideline. Units first occupied after Nov 15, 2018, have no rent increase cap between tenancies — a significant value-add opportunity. BREG reviews every lease before you make an offer.

Frequently asked questions

Common questions from multifamily investors

What is the average cap rate for apartment buildings in Toronto?

Toronto apartment cap rates range from 3.5% to 5.5%, depending on location and asset type. Core downtown trades at 3.5–4.2%. Suburban GTA locations like Scarborough and Mississauga offer 4.5–5.5%. BREG provides neighbourhood-specific benchmarks before every acquisition.

How much does an apartment building cost in Toronto?

Small income properties (2–4 units) sell for $1.2M–$2.5M. Mid-size buildings (5–20 units) range from $2.5M–$8M at $200K–$450K per door. Larger apartment buildings (20+ units) commonly trade at $8M–$30M or more.

What is an off-market apartment building?

A property sold privately — never listed on MLS, LoopNet, or public portals. Off-market deals offer better pricing, fewer competing offers, and more due diligence time. BREG's private owner network is the only reliable way to access them.

Is Toronto multifamily still a good investment in 2025–2026?

Yes. Toronto's population is projected to grow by 700,000+ people in the next decade through immigration — the majority of whom rent upon arrival. Vacancy remains below 3.5% and purpose-built rental supply is severely constrained. Long-term fundamentals are among the strongest in Canada.

What financing is available for apartment buildings?

Conventional commercial mortgages offer 65–75% LTV. CMHC MLI Select insured mortgages offer up to 85% LTV at rates 50–100 basis points lower than conventional — available for qualifying purpose-built rental and affordable housing assets. Vendor take-back mortgages are also available on some transactions.

How does the Ontario Residential Tenancies Act affect my investment?

Units occupied before November 15, 2018 are rent-controlled — annual increases are capped at the provincial guideline. Units first occupied after that date have no rent cap between tenancies. BREG reviews all existing leases and RTA compliance as part of every multifamily transaction.

Why choose BREG

Why BREG vs. a general broker

Toronto's multifamily market requires more than a listing agent. BREG brings financial

underwriting, regulatory expertise, and off-market access that generalist firms

cannot match.

Verified financial underwriting

BREG analyses actual rent rolls and normalised NOI — not the seller's pro forma. You make decisions based on what the building actually earns, not what it could earn.

Ontario RTA expertise

Rent control rules, above-guideline increase applications, and LTB process knowledge — BREG reviews every lease structure so you understand your income potential from day one.

Off-market access

Many long-time building owners prefer a private sale to avoid tenant disruption. BREG's owner relationships surface off-market deals with less competition and more negotiating room.

CMHC financing navigation

BREG works with lenders experienced in CMHC MLI Select — insured financing at lower rates and up to 85% LTV. This alone can significantly improve cash-on-cash returns.

Ready to invest?

Book your confidential consultation

Whether you're acquiring your first income property or expanding a portfolio — BREG provides expert guidance,

verified financials, and access to deals you won't find on any portal. No obligation, no pressure.