Apartment Buildings for Sale in Cambridge
Cambridge combines three historic downtowns, Galt, Preston and Hespeler, with direct access to Highway 401. Its apartment market is a mix of classic walk-ups and larger rental buildings, and it has drawn both private and institutional buyers.
Find Cambridge buildings for saleWhat’s my Cambridge building worth?
Why investors buy apartment buildings in Cambridge
Highway 401 and employment
Cambridge sits right on Highway 401, and its manufacturing and logistics base, including Toyota’s Cambridge assembly plant, supports a large working population that rents.
Three distinct cores
Galt, Preston and Hespeler each have their own downtown, riverside setting and character, giving investors a range of neighbourhoods and price points within one city.
Institutional interest
In 2025 a major Canadian rental owner bought an 11-building, 391-suite portfolio in Cambridge, a sign of confidence in the city’s rental market.
Room to grow
The region’s planned extension of the ION light rail to Cambridge, along with continued residential growth, supports the long-term outlook for well-located rental buildings.
Cambridge’s apartment buildings by size
I track 168 apartment buildings in Cambridge. Here is how they break down by number of units.
Recent apartment building sales in Cambridge
| Street | Suites | Price per suite | Sold |
|---|---|---|---|
| Nelson St | 32 | $214,844 | Jul 2025 |
| Beck St | 9 | $205,556 | Jul 2025 |
| Dolph St S | 6 | $241,725 | May 2025 |
| Queen St W | 15 | $200,000 | Feb 2025 |
| 11-building portfolio (institutional) | 391 | $159,207 | Feb 2025 |
Source: The Landlord Report (Realtrack, Altus, Cornerstone and private database). For the full numbers and commentary, see The Landlord Report.
Apartment buildings I’ve sold in Cambridge
14 Cambridge multi-family properties I have sold, totalling 228 units.
See every sale on the Sold page.
Cambridge apartment investing: common questions
What do apartment buildings sell for in Cambridge?
Recent non-institutional Cambridge sales have ranged from about $200,000 to $242,000 per suite. Larger portfolio sales can trade lower per suite, as with a 391-suite portfolio that sold for about $159,000 per suite in 2025.
Is Cambridge cheaper than Kitchener-Waterloo?
Pricing overlaps a lot and depends on the building more than the city. Location within Cambridge, building condition and in-place rents matter more than the city name.
What kinds of apartment buildings are in Cambridge?
Cambridge has many 2.5-storey walk-ups and mid-size buildings, plus larger rental properties. Most buildings in our database fall between 11 and 50 units.
Buying or selling in Cambridge?
I have been involved in about 1 in 5 multi-family sales in Waterloo Region and Wellington County since 2019. Call or text 519-498-0943, or start with a quick form.