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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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  • 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

  • 1318 15 Avenue SW, Calgary

    1318 15 Avenue SW Beltline Calgary T3C 0X7
    Main Photo: 1318 15 Avenue SW, Calgary

    1318 15 Avenue SW Calgary T3C 0X7 Beltline

    $2,495,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2221648
    Outstanding opportunity to acquire a fully assembled, mid-block development site in Calgary’s Beltline community. This 9,756 square foot site spans three contiguous lots at 1314, 1316, and 1318 15 Avenue SW and is currently zoned CC-MH (Centre City Multi-Residential High Rise District) under Land Use Bylaw 1P2007. This zoning supports a Floor Area Ratio (FAR) of up to 5.0, allowing for substantial future density in one of Calgary’s most dynamic and walkable urban neighbourhoods. The site is rectangular in shape with approximately 75 feet of frontage along 15 Avenue SW and rear lane access, offering strong development efficiency. Located between 12 Street and 14 Street SW, it enjoys immediate access to key commuter routes including 14 Street, 17 Avenue, and 12 Avenue SW, with nearby transit options enhancing connectivity for future residents or tenants. The property is within walking distance to grocery stores, restaurants, fitness studios, and both downtown and 17th Avenue’s retail corridors—an essential attribute for any successful multi-residential project. The land is improved with three separate structures: two are currently rented out, and the third is used as a professional office space. These improvements generate short-term holding income and provide flexibility for interim commercial or residential uses (subject to City of Calgary approvals). The site’s existing configuration and tenancies reduce carrying costs while future development planning is underway. This valuation reflects comparability to several recent area land transactions, adjusted for location, zoning, and development readiness. No development applications have been submitted to date, providing a clean slate for a custom-built vision. With its location inside the Beltline Area Redevelopment Plan, this parcel benefits from a municipal planning framework that prioritizes high-density residential growth. The CC-MH zoning allows for a wide range of uses and building forms, with potential for further density incentives where community benefit contributions apply. Whether you're a builder, developer, or investor seeking to hold income-producing land in Calgary’s inner core, this offering provides both immediate utility and long-term potential in equal measure. More details
    Listed by eXp Realty
    LISTING DETAILS

  • 708 75 Avenue SW, Calgary

    708 75 Avenue SW Kingsland Calgary T2V 0S3
    Main Photo: 708 75 Avenue SW, Calgary

    708 75 Avenue SW Calgary T2V 0S3 Kingsland

    $990,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2219609
    Build. Type:
    Home-Based
    Welcome to this spacious and well-maintained 6-bedroom rooming house, ideally situated in a highly desirable and convenient location in Kingsland. Perfect for investors or those seeking income-generating potential, this property offers a functional layout with six private bedrooms, shared common areas, and a welcoming atmosphere for tenants. Ideal for home-based business with an office/bedroom with French doors near the front entrance. The home features a large, fully fenced yard—perfect for outdoor activities, gardening, or future expansion, along with an oversized single garage. Inside, you’ll find a reliable and efficient boiler furnace system that ensures consistent heating throughout the colder months, adding to the property's long-term comfort and value along with a 40 gallon hot water tank for all your needs. Located close to public transit, shops, schools, and local amenities, and walking distance to the Rockyview Hospital, this property combines practicality with opportunity. Whether you're looking to generate rental income or house multiple occupants comfortably, this rental house checks all the right boxes. Don’t miss out on this rare find in a great location! More details
    Listed by First Place Realty
    LISTING DETAILS

  • 1-12 4607 73 Street NW, Calgary

    1-12 4607 73 Street NW Bowness Calgary T3B 2M3
    Main Photo: 1-12 4607 73 Street NW, Calgary

    1-12 4607 73 Street NW Calgary T3B 2M3 Bowness

    $3,150,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2225168
    Build. Type:
    Low Rise (2-4 stories)
    This is the sale of units 1-12 inclusive in condo plan 7811038. All units are 12 bi-level townhomes, 2 beds and 1 bath, with washer/dryer hook-ups. Tenants pay their own utilities and supply their own washer/dryer. Each unit has its own separate entrance, with around 1100 sqft of rentable space, and its own furnace/hot water tank. M-C1 lot measuring 120 ft. x 150 ft. 12 parking stalls with electrical hook-ups. 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 and easy access to the Trans-Canada Highway. *Seller financing can be discussed. More details
    Listed by Michael Fleming Realty Corp.
    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:
    A2228001
    Located in the heart of Calgary’s highly desirable Beltline District, 1309-12th Avenue SW offers a rare multiunit investment with both stability and upside. This is a three-level, eleven-unit apartment building which consists entirely of large one-bedroom suites, ranging between 750 and 800 square feet, as well as one smaller unit—making it an ideal asset for targeting the city’s growing population who desire an urban living environment. This apartment building was constructed in 1957 and has a solid structure, bones and fundamentals. Most units have received various levels of interior renovations over time, however, there remains opportunity for any investor who seeks to update this asset to further drive rental growth. For the ambitious investor this is a rare opportunity to secure an income generating property in a prime location, which offers strong cash flow and incredible long term value. There are 5 total parking stalls. This building is minutes from Kensington, downtown, 17th Avenue, CTrain and bus routes, access to parks and the bow river pathway. 1309-12th Avenue SW stands as a prime value-add opportunity in one of Calgary’s most desirable, walkable and sought-after urban communities. More details
    Listed by RE/MAX Real Estate (Mountain View)
    LISTING DETAILS

  • 1415 Nutana Place NW, Calgary

    1415 Nutana Place NW North Haven Calgary T2K 2H7
    Main Photo: 1415 Nutana Place NW, Calgary

    1415 Nutana Place NW Calgary T2K 2H7 North Haven

    $4,665,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2238170
    Amazing redevelopment opportunity on this corner lot (with rear access) 4x 4 plex property! Maximize the site's potential by possible re-zoning. North Haven is a mature community with excellent accessibility to parks, schools, shopping, the Winter Club and transit connections. Easy access to downtown and close to major roadways. Stable rental income from 16 3 bedroom 1 bath units. This is a great project with substantial opportunity! More details
    Listed by Knag Real Estate & Property Management Ltd.
    LISTING DETAILS

  • 9836 Elbow Drive, Calgary

    9836 Elbow Drive Haysboro Calgary T2V 1M3
    Main Photo: 9836 Elbow Drive, Calgary

    9836 Elbow Drive Calgary T2V 1M3 Haysboro

    $3,650,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2238743
    Build. Type:
    Condo Complex
    roperty Description for 9836 Elbow Drive: Attention Builders and Investors! Prime development site located at 9836 Elbow Drive, strategically zoned for a 5+5 unit multi-family project. Qualified for the CMHC MLI Select Program, this property is ideal for creating basement suites that meet affordable housing criteria, maximizing program incentives. Development is shovel-ready, offering immediate potential for construction. Joint venture opportunities available—partner and profit in one of Calgary’s most desirable communities. GET THIS BUILDING with only 175k downpayment More details
    Listed by Grand Realty
    LISTING DETAILS

  • 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

  • 1-6 8 Huntley Close NE, Calgary

    1-6 8 Huntley Close NE Huntington Hills Calgary T2K 4Z3
    Main Photo: 1-6 8 Huntley Close NE, Calgary

    1-6 8 Huntley Close NE Calgary T2K 4Z3 Huntington Hills

    $1,870,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2244388
    Build. Type:
    Condo Complex
    Rare Investment Opportunity – Fully Tenanted 6-Unit Townhouse Condominium. Located in the desirable Huntington Hills community, this exceptional six-unit townhouse complex presents an ideal opportunity for investors seeking strong returns and minimal upkeep. Each unit is individually titled, providing added flexibility and future resale options. The property consists of spacious bi-level layouts in most units, with Suites 2 and 5 offering two-storey floor plans. All six units are fully tenanted and equipped with in-suite washers and dryers, contributing to tenant satisfaction and convenience. Highlights: Total building size: 9,058 sq ft (approx.) Monthly rental income: $13,230 All six units fully leased. Nine designated parking stalls .Landscaped lot with well-maintained lawns. Low maintenance costs. This rare, income-generating property combines solid rental revenue with long-term investment potential. Don’t miss your chance to acquire a fully operational, multi-unit asset in a well-established neighborhood. More details
    Listed by Grand Realty
    LISTING DETAILS

  • 7511 41 Avenue NW, Calgary

    7511 41 Avenue NW Bowness Calgary T3B 1X5
    Main Photo: 7511 41 Avenue NW, Calgary

    7511 41 Avenue NW Calgary T3B 1X5 Bowness

    $1,400,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2245969
    5 Unit Multi Family Townhome Building for Sale in Prime Bowness Location A rare opportunity to own a well maintained 5 unit townhome building in the heart of Bowness, one of Calgary’s most desirable and vibrant communities. Location is everything when it comes to a rental property, and this one delivers. Situated within walking distance to transit, shopping, daycare, all levels of public schools, local pubs and parks, including the much loved Bowness Park. It is just a short drive to major shopping centre's of Market Mall and Crowfoot Centre, 6 minutes to WinSport/C.O.P., 18 minutes to Downtown Calgary, and just over an hour to Banff. All tenants are currently on month-to-month leases and have been long term occupants, providing stability with the flexibility to adjust rents. There’s strong potential to increase the cap rate through rental rate adjustments. This is an ideal property for both a first time or seasoned investors looking for a solid income generating asset in a sought after area with excellent growth potential. More details
    Listed by CIR Realty
    LISTING DETAILS

  • 106 26 Avenue NW, Calgary

    106 26 Avenue NW Tuxedo Park Calgary T2M 2C7
    Main Photo: 106 26 Avenue NW, Calgary

    106 26 Avenue NW Calgary T2M 2C7 Tuxedo Park

    $1,800,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2246207
    (Location, location, location) A Fully leased out residential multi-unit family investor property for sale. Owner of 20 years is now retiring presenting this very rare opportunity to own a highly sought after income generating property. With demand rising due to more and more people and investment capitals moving into Alberta, this property is the perfect addition to any types of asset portfolio focusing on wealth generation as well as preservation. This property is in a highly centralized prime corner lot location of the Tuxedo Park community. Boasting exposure and access to 3 sides of the property. A two-story building that has 6x900 Sqf bedroom suites (4x 2-bedrooms, 2x 3-bedrooms) with separate entrances unlike most multi-family building that has a large common area. Without a common area, the owner will enjoy reduced overall maintenance and expense as well as the benefits of attracting individual tenants desiring duplex or townhome like living space. What’s more, each unit has its own in-suite laundry, fridge and stove, up to 6 parking spaces and 4 electrical plug-ins that further increases its rental appeal. Convenient access to Calgary transit such as the Bus Rapid Transit (BRT) on centre street and potential future LRT station expansion line, this property is also zoned for C-COR2 f1.0h10 land which make this property one of the rarer offerings in the city. This zoning will further add value by allowing existing retail, office and business use as well as supporting a future redevelopment potential turning this into a high rise residential and commercial condo project down the road. Very well maintained by the owner thru out the years reducing significant repair and maintenance cost. The owner also replaced all new hot water tanks, recently replaced basement windows and upgraded electrical service of 6-100 amp. Torch-on flat roof with zero issue and no water leak that can last up to 30 years. Buyer will inherit another benefit that while the current property is generating $106,680 gross income annually, this income is on old timer rent which will give new owner the potential to further increase rental income. If you are looking for passive income and or a long-term holding investment, look no further. More details
    Listed by Century 21 Bravo Realty
    LISTING DETAILS

  • 2312 22 Street NW, Calgary

    2312 22 Street NW Banff Trail Calgary T2M 3W4
    Main Photo: 2312 22 Street NW, Calgary

    2312 22 Street NW Calgary T2M 3W4 Banff Trail

    $1,650,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2246876
    Vintage character 6 suite apartment building in a prime residential location in the core of the popular inner city neighborhood of Banff Trail close to the University of Calgary, SAIT, Foothills Hospital and Childrens Hospital, huge 80’ x 120’ lot landscaped with lawns and mature trees with great potential for future development, six large suites with many upgrades and original hardwood floors… 4 x 2 bdrm units at 825 sf and 2 x 1 bdrm units at 625 sf plus a laundry room and a storage locker room, six parking stalls on a concrete pad with plug ins, potential for construction of multiple garages with lofts, major recent building upgrades including a new roof, windows and boiler, four units have dishwashers More details
    Listed by Houston Realty.ca
    LISTING DETAILS
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Data was last updated November 5, 2025 at 10:05 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.