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Calgary Multifamily Commercial

As an investor, investing in a commercial multifamily can yield you significant value-adds. Multifamily properties are considered commercial if they contain 5 or more units, which means higher income streams that can easily compensate for maintenance costs. 

The larger number of units also means more economies of scale are realized and opportunities to increase rent adjustments. Check out our vast collection of commercial multifamily properties below to capitalize on these opportunities.

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1-12/16

  • 1920 to 1948 26 Avenue SW, Calgary

    1920 to 1948 26 Avenue SW Bankview Calgary T2T 1E3
    Main Photo: 1920 to 1948 26 Avenue SW, Calgary

    1920 to 1948 26 Avenue SW Calgary T2T 1E3 Bankview

    $6,400,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2037185
    LAND, LAND, LAND ASSEMBLY - OPPORTUNITY IN INNER-CITY CALGARY in Bankview on 26th AVE SW. There are 8 spectacular 45’ x 139’ RC-2 zoned lots available! You may assemble up to 360’ of exclusive inner-city land. (We have 1920, 1924 and 1928 26 AVE SW listed on the MLS. Located in the ultra sought-after inner-city community of Bankview and Marda Loop, these lots are perched at a high point in the community. Build with potential city views on a reasonably quiet street. This convenient and exclusive location is just minutes from both the Children's and Foothills Hospitals, Tom Baker Cancer Centre, Mount Royal University, University of Calgary, and affords easy access to the downtown core or escape to the nearby mountains. Also, just steps away from the Bow River and its extensive pathways system. Seven of the existing eight homes are in very good condition and are rented at mostly current market rent. The existing zoning allows easy subdivision into two lots and building of duplexes, but the city much prefers higher density as witnessed with the new building of a multi-family complex 300m East. This land intersects the communities of Bankview, South Calgary and Richmond Park/Knobhill. Along with Altadore and Garrison Woods, these communities comprise the commercial district of Trendy Marda Loop, which continues to be quickly redeveloping with executive homes and multi-family throughout its picturesque tree-lined streets. This is an amazing opportunity to buy and hold land in inner-city Calgary, or get to work immediately at a multi-family project. More details
    Listed by eXp Realty
    LISTING DETAILS

  • 933 18 Avenue SW, Calgary

    933 18 Avenue SW Lower Mount Royal Calgary T2T 0H2
    Main Photo: 933 18 Avenue SW, Calgary

    933 18 Avenue SW Calgary T2T 0H2 Lower Mount Royal

    $2,199,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2123545
    Build. Type:
    Free-Standing
    The HARVARD is conveniently located within easy walking distance to the shops and services of 17th Ave. S.W. The well maintained building has 8 large suites. Recent enhancements and renovations include new roof, new gutters, new eavestroughs (Dec 2023), replacement of old steam heat to forced air furnace, extensive electrical upgrading, hardwood floor repairs, new stairs and foyer support, and suite renovation with new bathrooms. There is a attractive, assumable mortgage. See the terms set out in the supplements. Please make offers subject to viewing. More details
    Listed by Michael Fleming Realty Corp.
    LISTING DETAILS

  • 1505/1511 21 Avenue SW, Calgary

    1505/1511 21 Avenue SW Bankview Calgary T2T 0M8
    Main Photo: 1505/1511 21 Avenue SW, Calgary

    1505/1511 21 Avenue SW Calgary T2T 0M8 Bankview

    $2,790,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2125887
    Build. Type:
    Mixed Use
    For additional information, please click on the Brochure button below. M-C2 Development Downtown (30+ unit potential) with current 5 Plex & character house. Bankview Development Site adjacent to Downtown Calgary and Mt. Royal communities. New development will enjoy fantastic unobstructed VIEW OF DOWNTOWN & CALGARY TOWER from the 3rd to 5/6th story. Four x 25ft lots total, with ~ 100 x 107 ft. Total Site Area: 10,663 sq.ft. ZONING M-C2 - Multi-Residential - Contextual Medium Profile with FAR 2.5 and 16m height allows up to 5 story build with +/- 30 UNITS depending on unit size within the ~26,658 sq.ft. of developable area. Build a long term rental or condo multi-family building. EXAMPLE: with 30 x 800 sq.ft. units @ $450k ea. = $13,500,000 REDEVELOPMENT POTENTIAL. Current rental income ($93k/year) from 1912 double brick renovated Victorian 1&1/2 story house with detached garage and greenhouse + 1960s 2 ½ storey 5-plex (4x900 sq ft 2 beds, 1x600 sq ft 1 bed) to support holding with good rental income. Drive by viewing welcome, please do not disturb tenants. Street address(s) are 1505 & 1511 - 21 Avenue SW, Calgary, AB - Plan 1696L Lots 12, 13, 14, 15. ~20 MIN WALK TO DOWNTOWN Kirby CTrain (Free Fare Zone) or short drive / bike ride. Excellent development site on quiet 21st avenue near many parks but close connection to major transport arteries like Crowchild trail. Walkable site near Mt. Royal Jr. High School, only a 4 min walk (2 blocks) to Uptown 17th Avenue and 14th Street arts, culture, dining, and other amenities. Some photos are artist renditions for potential use. More details
    Listed by Easy List Realty
    LISTING DETAILS

  • 4211 Bow Trail SW, Calgary

    4211 Bow Trail SW Rosscarrock Calgary T3L 2G1
    Main Photo: 4211 Bow Trail SW, Calgary

    4211 Bow Trail SW Calgary T3L 2G1 Rosscarrock

    $1,550,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2133493
    Build. Type:
    Free-Standing
    6 plex in Rosscarrock 4 -1BR, 1 2BR, 1 3BR. The 2 BR is a furnished unit. Owners pay electrical for the 2 BR, tenants pay their own electrical for all other units. There have been many recent cosmetic upgrades to the suites and the exterior landscaping. In 2021 upgrades include a new torch on roof and a new hot water tank. Laundry set of 1 washer and dryer included. It is a 15 minute walk to Westbrook Mall and the CTrain station and good access to the downtown core. More details
    Listed by Michael Fleming Realty Corp.
    LISTING DETAILS

  • 320 9 Street NW, Calgary

    320 9 Street NW Sunnyside Calgary T2N 1T4
    Main Photo: 320 9 Street NW, Calgary

    320 9 Street NW Calgary T2N 1T4 Sunnyside

    $2,475,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2133808
    A rare opportunity to acquire a 10-unit, 100% secured rental apartment locate din Sunnyside. Wonderfully positioned around all major amenities, steps away from Kensington Village, the LRT Station, and SAIT, 320 9 Street NW provides interested groups with the opportunity to deploy various capex strategies throughout the building that will enable a clear path to income and investment yield growth. To be sold separately or alongside 623 9A Street NW. LARGE VTB AVAILABLE TO BE HELD IN FIRST POSITION. More details
    Listed by CDN Global Advisors Ltd.
    LISTING DETAILS

  • 623 9A Street NW, Calgary

    623 9A Street NW Sunnyside Calgary T2N 1T9
    Main Photo: 623 9A Street NW, Calgary

    623 9A Street NW Calgary T2N 1T9 Sunnyside

    $2,970,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2133840
    A rare and great opportunity to acquire a 13-unit, 100% secured rental apartment located in Sunnyside. Wonderfully positioned around all major amenities, steps away form Kensington Village, the LRT Station, and SAIT, 623 9A Street NW provides interested groups with the opportunity to deploy various capex strategies throughout the building that will enable a clear path to income and investment yield growth. To be sold separately or alongside 320 9 Street NW. LARGE VTB AVAILABLE TO BE HELD IN FIRST POSITION. More details
    Listed by CDN Global Advisors Ltd.
    LISTING DETAILS

  • 1501,1507,1511,1515 35 Street SE, Calgary

    1501,1507,1511,1515 35 Street SE Albert Park/Radisson Heights Calgary T2A 1B2
    Main Photo: 1501,1507,1511,1515 35 Street SE, Calgary

    1501,1507,1511,1515 35 Street SE Calgary T2A 1B2 Albert Park/Radisson Heights

    $3,300,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2131180
    Build. Type:
    See Remarks
    LAND ASSEMBLY 225X130,FLAT LOT 1501 is owner occupied and can be vacant quickly. Monthly rents are $2950-1515, $2500-1511, $2400-1507, Tenants pay utilities. Do not disturb tenants .long term tenants wanting to stay-Rents are low and could be increased. More details
    Listed by Alberta First Realty
    LISTING DETAILS

  • 4901 Bowness Road NW, Calgary

    4901 Bowness Road NW Montgomery Calgary T3B 1H1
    Main Photo: 4901 Bowness Road NW, Calgary

    4901 Bowness Road NW Calgary T3B 1H1 Montgomery

    $3,950,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2147664
    Build. Type:
    Low Rise (2-4 stories)
    UPDATE: The build is coming along at a very quick pace. we are now setting up full tours of the property. Brand new development. This is a superb rental property situated in a prime NW Montgomery location. The property features 5 - two bedroom townhouse style units and 4 - studio apartments within 9 separate municipal addresses. There are 5 oversized attached single car garages providing an excellent mix of parking and storage to the luxurious townhouse units. Additional features include 2.5 baths. Built in Murphy beds in the studio apartments and onsite bike storage. The retail and bus routes across the street offer tenants great services within feet of the front door. Floor plans with measurements along with proforma income projections are available in supplements. City of Calgary confirmation of new addressing is also available in supplements. Because this project is still under construction we respectfully request that no one go onto the property without first confirming that there will be a representative there to tour the property with you. Given the affordable studio suites included in this project we believe it will be a perfect candidate for the CMHC MLI Select program. More details
    Listed by D.C. & Associates Realty
    LISTING DETAILS

  • 733 44 Avenue NW, Calgary

    733 44 Avenue NW Highwood Calgary T2K 0J5
    Main Photo: 733 44 Avenue NW, Calgary

    733 44 Avenue NW Calgary T2K 0J5 Highwood

    $2,590,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2159950
    Great Location! 3 storey apartment condo building next to FFCA school, plaza and located right in the heart of Highwood. Well maintained building with lots of upgrades, newer flooring, fresh paint job, and much more. Renovation to Common area with tiles flooring throughout! This 3 floor high apartments have 9 units which includes 3 x 3 bdrm and 6x 2 bdrm units, minor stairs in front and back but No elevator. All units have a small storage room in suite along with its own furnace. 9 parking stalls in the back assigned to each unit and coin-op laundry in the building. Newer windows throughout; Replacing 2 balconies in the back. Roof on March 2019 been power wash and install liquid applied membrane RC 2000 to the entire 3200sqft roof. Hot water tanks replaced back in Feb 2019 with new Bradford White hot water tank. Each unit has it's own furnace and serviced regularly. In-suite storage and additional storage available in the building. Only 10 minutes drive to U of C, within few minutes drive to safeway and close proximity to future Green-line LRT. All 9 units are tenanted generated over $12,700 rent per month. Low Maintenance! More details
    Listed by YMK Real Estate & Management Inc.
    LISTING DETAILS

  • 1309 12 Avenue SW, Calgary

    1309 12 Avenue SW Beltline Calgary T3C 0P6
    Main Photo: 1309 12 Avenue SW, Calgary

    1309 12 Avenue SW Calgary T3C 0P6 Beltline

    $3,200,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2172778
    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. Call for more details. More details
    Listed by RE/MAX Real Estate (Mountain View)
    LISTING DETAILS

  • 4607-4611 73 Street NW, Calgary

    4607-4611 73 Street NW Bowness Calgary T3B 2M3
    Main Photo: 4607-4611 73 Street NW, Calgary

    4607-4611 73 Street NW Calgary T3B 2M3 Bowness

    $3,318,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2172568
    Build. Type:
    Condo Complex
    Incredible opportunity to acquire 12 condo-titled townhomes on a massive lot in the heart of Bowness! Each of the 12 townhomes boasts identical 2-bedroom bi-level layouts, featuring 1 full bath and washer/dryer hook-ups, with the option to build a second bathroom. These generously sized units are thoughtfully designed, offering a spacious upper level comprising a living room, kitchen, dining area, and laundry room, while the lower-level hosts two bedrooms with walk-in closets and a full bathroom. This condo-titled building has excellent upside potential, conveniently located less than one block away from Bowness High School and the Bowness Community Centre. Situated on a sizable M-C1 lot measuring 18,000 sqft,120 ft. x 150 ft. The property is fully leased, with each townhome having separate entrances and just around 950 sqft of rentable space. Additionally, each unit features its own furnace and hot water tank, with tenants responsible for their own utilities. Rear parking has 12 stalls, each equipped with electrical hook-ups, supplemented by plenty of street parking. Bowness is on the rise as an emerging neighborhood with ongoing new development, due to its close proximity to the Bow River, University of Calgary, Market Mall, and easy access to the Trans-Canada Highway. More details
    Listed by MaxWell Canyon Creek
    LISTING DETAILS

  • 36 Elmont Drive SW, Calgary

    36 Elmont Drive SW Springbank Hill Calgary T3H 3X5
    Main Photo: 36 Elmont Drive SW, Calgary

    36 Elmont Drive SW Calgary T3H 3X5 Springbank Hill

    $2,895,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2175533
    Calling all developers, builders and investors - this is your opportunity to purchase a prime parcel of land in coveted Springbank Hill. 1.46+- acres of land. The current owner has completed all necessary reports and due diligence, and this parcel is shovel ready for 8 prime single family estate lots or explore the possibility for increased density and bring your vision to life. Reports and further information available with an accepted offer. More details
    Listed by eXp Realty
    LISTING DETAILS
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Data was last updated January 22, 2025 at 12:05 AM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

There are countless great multifamily properties posted above. Each with varying sizes, number of units, and unique characteristics creating a wide selection of investment opportunities. The first step to a successful multifamily investment is figuring out the size of the properties you are aiming for, or in other words, how many units. If at any point you need help deciding on a property, or want further information on something you like, please don’t hesitate to reach out to us.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.