Sell Your Apartment Building in Ontario Fast!

No. Tenancies transfer with the building in Ontario, so we buy occupied and step in as landlord on the existing terms. Trying to deliver vacant possession would mean serving notices and waiting out a badly backlogged Landlord and Tenant Board — months of work with no guaranteed outcome. Selling tenanted skips all of it and avoids the vacancy losses along the way.

It doesn't. Deferred capital work — a roof near its end, an aging boiler, original windows, a parking deck needing repair — is the single most common reason a listed multi-family building falls out of contract, because the buyer's lender wants it addressed before funding. We underwrite the capital work into our offer and take on the building as-is, so you never have to fund it yourself.

We buy buildings with non-conforming units regularly. An extra basement apartment that was never permitted, a unit count that doesn't match what zoning allows, or a converted house that predates current rules will typically stall a financed sale outright, since the lender relies on legal conformity. Because we pay cash, we can take those buildings on and deal with the compliance question ourselves.

Yes. Arrears are a normal part of the buildings we look at, and we don't expect you to collect them before closing or to guarantee them afterwards. We factor uncollected rent into the offer up front rather than discovering it in due diligence and using it to reopen the price — which is the usual pattern in a conventional sale.

Usually not. A single scheduled walkthrough of the building with a sample of units is normally enough for us to make and honour an offer. That's a meaningful difference from a listing, which means repeated 24-hour notices to every tenant, disruption across the building, and — often — tenants who become difficult precisely because they're worried about the sale.

Last month's rent deposits and any accrued interest are typically adjusted between the parties on closing, and the leases, ledgers, and tenant correspondence transfer to us as the new owner. Your lawyer will handle the statement of adjustments. All we need from you is reasonably organized records — a rent roll, the leases you have, and a summary of arrears.

Yes, and it's a common situation. Inherited rental buildings often leave several heirs jointly responsible for managing tenants and repairs none of them signed up for. We make one clear cash offer everyone can weigh together, which frequently resolves disputes faster than a listing would. The estate will need probate to be sorted, and we can hold the closing date while that happens.

We start with actual collected rents and real operating costs — taxes, insurance, utilities, management, maintenance — to get a genuine net operating income, then apply a capitalization rate appropriate to that submarket and building class. From there we deduct the capital work coming due and any known orders or vacancies. You get the resulting number along with the assumptions behind it, so nothing about the offer is a black box.