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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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1-12/31

  • 1809 5 Street SW, Calgary

    1809 5 Street SW Cliff Bungalow Calgary T2S 2A8
    Main Photo: 1809 5 Street SW, Calgary

    1809 5 Street SW Calgary T2S 2A8 Cliff Bungalow

    $7,750,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2241961
    Build. Type:
    Free-Standing
    Real Estate is all about location and this building is located in one of the very best rental locations in Calgary. The building is a short walk to all of the amenities in Mission and 17 Ave SW.. Tenants can easily walk to work or their favorite shops and restaurants. The original owner of this concrete and brick building has done an outstanding job of maintaining and upgrading this property over the years. The building is well organized and well operated. There have been numerous upgrades in the property in the past few years, including a new elevator, a new make up air system, plumbing and heating upgrades as well as refreshing units when units were being turned over. The property is currently operated as a building for low income seniors and the owner have decided to move in a different direction and sell the property. The above ground floors have a sitting area for tenants to enjoy at their leisure if they wish to visit amongst themselves. The existing vacant units and any upcoming vacant units will be available to the new owners to rent as they choose. The Villa has a large amount of community activity space in the lower level, for gatherings, plus a games room, a boardroom, and office. There are 6 parking stalls at the rear of the building and 10 more parking stalls (1715 5th St SW) north of the building on a titled lot. The new owner can move the rents to market levels and enjoy this excellent investment for many decades. More details
    Listed by Michael Fleming Realty Corp.
    LISTING DETAILS

  • 723 5 Street NE, Calgary

    723 5 Street NE Renfrew Calgary T3E 2W7
    Main Photo: 723 5 Street NE, Calgary

    723 5 Street NE Calgary T3E 2W7 Renfrew

    $2,300,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2247596
    Huge Price Reduction - Prime location six-plex with brick and stucco exterior is located on a quiet street in the heart of Renfrew on a MC-2 lot. There is good access to LRT, amenities, and the downtown from this convenient inner city location. The property contains 4 - two bedroom suites (with balconies) and 2 - one bedroom suites. Each suite has two interior doors for access. There are six outdoor parking stalls with plug-ins. There are several long-term tenants. Suites are quick to rent when vacancies become available and various updates including paint + carpet have been done as suites turnover. Further property details, including rent roll are available upon request. More details
    Listed by Highline Real Estate Inc.
    LISTING DETAILS

  • 1216 15 Avenue SW, Calgary

    1216 15 Avenue SW Beltline Calgary T3C 0X5
    Main Photo: 1216 15 Avenue SW, Calgary

    1216 15 Avenue SW Calgary T3C 0X5 Beltline

    $2,750,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2261454
    Build. Type:
    Low Rise (2-4 stories)
    Excellent Investment Opportunity! 11 x 1 bedroom units. Parking for up to 6 vehicles at the back of the building as well as on street parking. Building has been well maintained with some recent updates and renovations. Included is coin laundry machines and separate storage lockers. Walking distance to Sunalta LRT station, downtown and close to all amenities. More details
    Listed by Royal LePage Benchmark
    LISTING DETAILS

  • 810 Drury Avenue NE, Calgary

    810 Drury Avenue NE Bridgeland/Riverside Calgary T2E 0M2
    Main Photo: 810 Drury Avenue NE, Calgary

    810 Drury Avenue NE Calgary T2E 0M2 Bridgeland/Riverside

    $3,250,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2268658
    The inner city community of Bridgeland is the ideal investment location! This solid concrete, 12 unit building has been well maintained, updated and is fully leased. Comprised of 6 x 2 Units, 5 x 1 Unit and 1 Bachelor Unit. The laundry area is large enough to accommodate additional storage units that could be rented, adding to monthly revenue. Updates include parking lot resurface (2025), new heating boiler (2023) and new hot water tank (2024). The building has all new patio doors, new exterior paint, new paint in all units, new flooring in all units, hallways and laundry area. 11 of the bathrooms have been remodelled and well as 5 of the kitchens. There are 9 parking stalls at the rear of the building with the potential for 12 with reconfiguration. Your tenants will enjoy all inner city living has to offer including quick access to the river and pathway system, close to all amenities with an off-leash dog park nearby. A 5-minute walk to restaurants, bars, coffee shops and transit. More details
    Listed by Royal LePage Benchmark
    LISTING DETAILS

  • 1821 17 Street SW, Calgary

    1821 17 Street SW Bankview Calgary T2Y 3E5
    Main Photo: 1821 17 Street SW, Calgary

    1821 17 Street SW Calgary T2Y 3E5 Bankview

    $2,745,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2273727
    Build. Type:
    Low Rise (2-4 stories)
    STONESET is in an excellent location in the  SW inner-city community of Bankview. All 12 units and the common areas and mechanical equipment were upgraded and completed in 2021-2022. Upgrades include new sound proofing, new insulation, new windows, new wiring, new plumbing, new heating system, new kitchens, new bathrooms, new flooring with very tasteful  decor throughout. This is a a must see turn key long term investment. PLEASE NOTE PROFORMA in supplements that include terms of the mortgage that must be assumed. More details
    Listed by Michael Fleming Realty Corp.
    LISTING DETAILS

  • 233 25 Avenue NE, Calgary

    233 25 Avenue NE Tuxedo Park Calgary T2E 1Y2
    Main Photo: 233 25 Avenue NE, Calgary

    233 25 Avenue NE Calgary T2E 1Y2 Tuxedo Park

    $3,749,999
    Commercial
    Status:
    Active
    MLS® Num:
    A2287086
    Tuxedo Place – Boutique Multi-Unit Investment Opportunity in Central Calgary Introducing Tuxedo Place — a rare, purpose-built 8-unit investment property ideally located in the heart of Tuxedo Park, one of Calgary’s most accessible and evolving inner-city neighbourhoods. This turnkey rental property sits on a 75 ft x 120 ft (9,000 sq ft) lot and offers a functional unit mix that appeals to a wide range of tenants. The property is comprised of: 4 well-designed townhomes 4 legal basement suites (1 per townhome) Each townhome offers bright, spacious layouts with modern finishes, and the basement suites are fully self-contained with private entrances, providing strong additional rental income. The design and configuration support both owner-occupancy and full investment use. Located just minutes from downtown Calgary, major transit corridors, Confederation Park, schools, and retail amenities, Tuxedo Place offers stable long-term rental performance and future redevelopment potential in an increasingly desirable location. More details
    Listed by Royal LePage Solutions
    LISTING DETAILS

  • 2428 14 Street SW, Calgary

    2428 14 Street SW Upper Mount Royal Calgary T2T 3T6
    Main Photo: 2428 14 Street SW, Calgary

    2428 14 Street SW Calgary T2T 3T6 Upper Mount Royal

    $1,700,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2288532
    Build. Type:
    Low Rise (2-4 stories)
    *** Significant Price Improvement*** Exceptional investment opportunity in one of Calgary’s most sought-after inner-city communities — Upper Mount Royal. This well-maintained 8-suite apartment building offers a rare chance to acquire a pride-of-ownership asset in a premier location known for long-term stability and strong tenant demand. Positioned minutes to 17th Ave and downtown, this property blends character, functionality, and future upside. The building consists of six spacious two-bedroom units, each thoughtfully designed with both front and rear entrances — a highly desirable feature for tenants seeking privacy and convenience. In addition, there is one additional one-bedroom unit and one bachelor suite, providing a balanced and flexible unit mix. The current owner has carefully maintained the property over the years, with ongoing upkeep and selected updates that reflect true care and stewardship. The mechanical systems and common areas show well, offering confidence for both seasoned investors and those entering the multi-family market. Additional features include coin-operated laundry and secure individual storage lockers for tenants. At the rear of the building, there is parking for up to seven vehicles, complemented by ample street parking — a significant advantage in this high-demand inner-city location. Tenants will appreciate the walkability to the Sunalta LRT station, downtown core, 17th Avenue, parks, shopping, restaurants, and everyday amenities. The location supports consistent occupancy and long-term rental appeal. Whether you are expanding your portfolio or seeking a stable multi-family asset in a blue-chip neighbourhood, this Upper Mount Royal property presents a compelling opportunity with both immediate income and future growth potential. Opportunities like this in established inner-city communities are increasingly rare. More details
    Listed by Real Broker and Royal LePage Benchmark
    LISTING DETAILS

  • 1225 13 Avenue SW, Calgary

    1225 13 Avenue SW Beltline Calgary T3C 0T2
    Main Photo: 1225 13 Avenue SW, Calgary

    1225 13 Avenue SW Calgary T3C 0T2 Beltline

    $1,588,885
    Commercial
    Status:
    Active
    MLS® Num:
    A2299009
    Build. Type:
    Rooming House
    1225 13 Avenue SW is in Calgary’s Beltline neighbourhood and is zoned CC-MH (Centre City Multi-Residential High-Rise District) under Land Use Bylaw 1P2007. CC-MH zoning confirms the property is intended primarily for high-density multi-residential (apartment/condo) use in the Centre City, with some limited supporting non-residential uses possible subject to the bylaw. Currently a bright, well-maintained inner-city rooming house in the heart of the Beltline, offering affordable accommodation just steps to downtown, transit, shops, restaurants and urban amenities. Twelve (12) Private Rooms with a Fridge in each room, all enjoy easy access to a shared kitchen, bathroom(s), and common areas on each floor. Building Configuration Top Floor – (2) Short Term Room Rentals | Upper Floor (4) Rooms, (1) Kitchen, 2 PCE Bath and 3 PCE Bath | Main Floor (3) Rooms, (1) Kitchen, 3 PCE Bath | Basement (3) Rooms, (1) Kitchen, 3 PCE Bath and 3 PCE ensuite Bath. Rents include all utilities. Building systems and safety features (smoke/CO detectors, emergency lighting, exits) are maintained to current fire and safety standards, with regular inspections as required. Rooms are rented on individual agreements in line with Calgary’s lodging/rooming house framework. Viewings subject to an accepted Offer. More details
    Listed by Real Broker
    LISTING DETAILS

  • 1220 14 Avenue SW, Calgary

    1220 14 Avenue SW Beltline Calgary T3C 0V9
    Main Photo: 1220 14 Avenue SW, Calgary

    1220 14 Avenue SW Calgary T3C 0V9 Beltline

    $1,588,885
    Commercial
    Status:
    Active
    MLS® Num:
    A2299010
    Build. Type:
    Rooming House
    1220 14 Avenue SW is in Calgary’s Beltline neighbourhood and is zoned CC-MH (Centre City Multi-Residential High-Rise District) under Land Use Bylaw 1P2007. CC-MH zoning confirms the property is intended primarily for high-density multi-residential (apartment/condo) use in the Centre City, with some limited supporting non-residential uses possible subject to the bylaw. Currently a bright, well-maintained inner-city rooming house in the heart of the Beltline, offering affordable accommodation just steps to downtown, transit, shops, restaurants and urban amenities. Eight (8) Private Rooms with a Fridge in each room, all enjoy easy access to a shared kitchen, bathroom(s), and common areas on each floor. Building Configuration Upper Floor (4) Rooms, (1) Kitchen, 3 PCE Bath and 2 PCE Bath | Main Floor (3) Rooms, (1) Kitchen, 3 PCE Bath | Basement (1) Rooms, (1) Kitchen, 3 PCE Bath. Rents include all utilities. Building systems and safety features (smoke/CO detectors, emergency lighting, exits) are maintained to current fire and safety standards, with regular inspections as required. Rooms are rented on individual agreements in line with Calgary’s lodging/rooming house framework. Property must be purchased together with 1218 14 Avenue SW MLS A2274084 | Viewings subject to an accepted Offer. More details
    Listed by Real Broker
    LISTING DETAILS

  • 1218 14 Avenue SW, Calgary

    1218 14 Avenue SW Beltline Calgary T3C 0V9
    Main Photo: 1218 14 Avenue SW, Calgary

    1218 14 Avenue SW Calgary T3C 0V9 Beltline

    $1,588,885
    Commercial
    Status:
    Active
    MLS® Num:
    A2299011
    Build. Type:
    Rooming House
    1218 14 Avenue SW is in Calgary’s Beltline neighbourhood and is zoned CC-MH (Centre City Multi-Residential High-Rise District) under Land Use Bylaw 1P2007. CC-MH zoning confirms the property is intended primarily for high-density multi-residential (apartment/condo) use in the Centre City, with some limited supporting non-residential uses possible subject to the bylaw. Currently a bright, well-maintained inner-city rooming house in the heart of the Beltline, offering affordable accommodation just steps to downtown, transit, shops, restaurants and urban amenities. Eight (8) Private Rooms with a Fridge in each room, all enjoy easy access to a shared kitchen, bathroom(s), and common areas on each floor. Building Configuration Upper Floor (3) Rooms, (1) Kitchen, 3 PCE Bath | Main Floor (3) Rooms, (1) Kitchen, 3 PCE Bath | Basement (2) Rooms, (1) Kitchen, 3 PCE Bath. Rents include all utilities. Building systems and safety features (smoke/CO detectors, emergency lighting, exits) are maintained to current fire and safety standards, with regular inspections as required. Rooms are rented on individual agreements in line with Calgary’s lodging/rooming house framework. Property must be purchased together with 1220 14 Avenue SW MLS A2274087 | Viewings subject to an accepted Offer. More details
    Listed by Real Broker
    LISTING DETAILS

  • 7716 bowness Road NW, Calgary

    7716 bowness Road NW Bowness Calgary T3B 0H1
    Main Photo: 7716 bowness Road NW, Calgary

    7716 bowness Road NW Calgary T3B 0H1 Bowness

    $2,499,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2300520
    NEW PRICE**Opportunities like this don’t come up often. Welcome to a rare, well-maintained 8-unit townhouse complex in the highly sought-after community of Bowness — offering strong income potential, lower operating costs, and long-term upside. This condo-titled property is uniquely positioned with no common areas to maintain and no additional utility burdens, helping keep expenses low and returns strong. Built with durable stucco exterior and showcasing excellent curb appeal, this asset stands out from typical rental offerings. Inside, the units feature higher-quality finishes throughout, including granite countertops, stainless steel appliances, hardwood flooring, and rich stained cabinetry — a level of finish that attracts and retains quality tenants. The building offers a superior suite mix: 6 spacious 2-bedroom units (approx. 850–1,300 sq ft) 2 large 3-bedroom units (approx. 1,350 sq ft) Functional layouts with 1.5 to 2.5 bathrooms, appealing to a wide tenant base Tenants enjoy premium features rarely found in comparable properties, including a heated underground parkade (10 stalls) and a heated driveway — major value-adds during Calgary winters. Operationally, the property is optimized for efficiency with boiler heating and tenant-paid electricity, keeping ownership costs predictable and manageable. Location is everything — and this property delivers. Situated along Bowness Road, residents enjoy walking access to transit, shopping, restaurants, the public library, and the iconic Bowness Park. With a quick commute to downtown Calgary, it’s an ideal setup for both driving and non-driving tenants. Bonus upside: With separate titles, there’s future flexibility to sell units individually — or live in one unit while the others cover your expenses. This is a rare inner-city asset combining quality construction, strong tenant appeal, and long-term flexibility. Contact your realtor today to explore this exceptional opportunity. More details
    Listed by Comox Realty
    LISTING DETAILS

  • 2831 36 Street SW, Calgary

    2831 36 Street SW Killarney/Glengarry Calgary T3E 2Z9
    Main Photo: 2831 36 Street SW, Calgary

    2831 36 Street SW Calgary T3E 2Z9 Killarney/Glengarry

    $3,400,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2300796
    Exceptional 8-Unit Multifamily Investment in Killarney – Fully Rented | Turnkey | Assumable Mortgage Rare opportunity to acquire a purpose-built 8-unit multifamily property in the highly desirable community of Killarney. This quality-built asset features high-end finishings throughout and was constructed by a reputable builder, offering both durability and long-term appeal. The property consists of 4 upper units and 4 fully legal lower suites, all separately contained and each equipped with in-suite laundry. The upper units offer a premium layout, including two front 3-storey units with private primary retreats and private patios, along with two rear 2-storey units featuring functional, open-concept designs. All upper suites are equipped with central air conditioning, enhancing tenant comfort and marketability. This investment is 100% occupied with no vacancy, providing immediate and stable cash flow. The property also benefits from an assumable mortgage with CMHC MLI Select financing already in place, offering attractive financing terms for qualified buyers. Additional features include a 4-car garage, professional landscaping, and a fully turnkey operation with professional property management in place, making this an ideal low-maintenance investment. Located just half a block from public transit and within walking distance to amenities, this property offers excellent accessibility. Positioned near Marda Loop with quick access to downtown and major roadways including the ring road, the location supports strong, long-term rental demand. More details
    Listed by The Real Estate District
    LISTING DETAILS
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Data was last updated September 1, 2026 at 04:05 PM (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.