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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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1-12/23

  • 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

  • 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

  • 1507,1511,1515 35 Street SE, Calgary

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

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

    $1,885,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2131180
    Build. Type:
    See Remarks
    LAND ASSEMBLY 150X130,FLAT LOT 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.1515 main is vacant April 1 More details
    Listed by Alberta First 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

    $2,480,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2159950
    Back on the market! 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 $13,345 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

  • 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

    $1,399,900
    Commercial
    Status:
    Active
    MLS® Num:
    A2176095
    Build. Type:
    Free-Standing
    This well-maintained 5-plex offers an exceptional opportunity for investors in the highly sought-after neighborhood of Bowness. This property combines convenience with solid returns. 4/5 units are currently occupied with month-to-month tenants, providing flexibility for rental adjustments or redevelopment. Situated close to schools, parks, shopping, and transit, this property is ideal for investors looking to expand their portfolio with a low-maintenance, income-generating asset in a fantastic location. Don't miss this chance to secure a valuable piece of Calgary's thriving rental market. More details
    Listed by RE/MAX Real Estate (Central)
    LISTING DETAILS

  • 4209 Bow Trail SW, Calgary

    4209 Bow Trail SW Rosscarrock Calgary T3C 2G1
    Main Photo: 4209 Bow Trail SW, Calgary

    4209 Bow Trail SW Calgary T3C 2G1 Rosscarrock

    $1,475,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2189101
    Discover this exceptional investment opportunity in the sought-after community of Rosscarrock. This turn-key, renovated 6-plex features a versatile unit mix: 1 x 3-bedroom, 1 x 2-bedroom, and 4 x 1-bedroom units. Each unit is individually sub-metered for electricity, with tenants responsible for their own utility costs. Key updates include: - Hot water tank (replaced in 2021) - Newer roof (approximately 8 years old) - Well-maintained original boiler Conveniently located minutes from Westbrook Mall and the Westbrook underground LRT station, this property offers tenants seamless access to downtown Calgary and nearby amenities. Situated on a 6,239 sq. ft. rectangular lot (50 ft x 125 ft) zoned MC-1, the property is surrounded by higher-density developments. According to the City of Calgary’s Westbrook Communities Local Area Plan, the lot is designated as “Neighbourhood Flex” Urban Form with a “Low” Building Scale, presenting potential for future development of up to 6 storeys (subject to development approval). Whether you’re looking for a buy-and-hold opportunity or considering a redevelopment project, this property offers incredible value and versatility. Please make offers subject to viewing. More details
    Listed by eXp Realty and Real Estate Professionals Inc.
    LISTING DETAILS

  • 531, 533, 535 24 Avenue NW, Calgary

    531, 533, 535 24 Avenue NW Mount Pleasant Calgary T2M 1X4
    Main Photo: 531, 533, 535 24 Avenue NW, Calgary

    531, 533, 535 24 Avenue NW Calgary T2M 1X4 Mount Pleasant

    $3,000,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2188877
    Build. Type:
    See Remarks
    Attention DEVELOPERS & INVESTORS this is a prime, inner city, Mount Pleasant land assemblage - redevelopment site with MC-2 zoning. RARE OPPORTUNITY which includes lots 23, 24, 25 & 26 combined, offering 100' frontage x 180' lot depth, approximately 18,000 sqft lot size or 0.41 ACRES. NOTE: Building area as shown is the combined RMS measurements of existing structures. 531 must be purchased together with 535 & 533 24th Avenue NW. Being sold for land assemblage value. See supplements for 2023 commercial land assemblage - property appraisal for $3.17 million. Please also see supplements for PROPOSED / PENDING development plans for an apartment building comprising of 49 purpose built rental units 43 - 1 bed units + 3 - 2 bed + 3 bachelor units w/1 level of underground parking - 41 stalls. Land survey, geotechnical report, and ESA report. MC2 is one of the highest medium-density zoning with tremendous flexibility to build a commercial multi-family 4-5 storey apartment building - maximum height of 16.0 metres or 52.49 feet with City of Calgary approval. There is also potential with the City of Calgary approval to rezone to build even more i.e. 75+ units with 2 levels of underground parking and potential commercial retail units (CRU's) at grade. Prime location within sought after NW community of Mount Pleasant. Properties are located within walking distance to Confederation Park, Mount Pleasant community amenities, schools, transit, and the trendy shops & restaurants on 4th Street & 16th Ave NW. Quick commute to SAIT + Downtown Calgary, University of Calgary, Alberta Children’s Hospital & Foothills Hospital. Fantastic inner-city location, close to Downtown Calgary. This is an incredible opportunity to either develop the proposed multi-family development plans or bring your own vision for a dynamic multi-family project to life catering to Calgary’s growing demand for housing or for a savvy INVESTOR to buy and hold these inner-city Calgary properties with solid revenue generation for future redevelopment. See supplements for the rental income that these side-by-side properties currently generate. 531 24th Avenue NW (built 1947) is a 2-storey offering 2564 sqft above grade with a legal main floor + illegal upper-level suite(s) + 975 sqft illegal lower-level suite. 535 & 533 24th Avenue NW (built 1950) is a bungalow 1108 sqft main floor legal suite with a 1031 sqft legal lower-level suite all in good condition. Please do not disturb tenants/access property. Showings of properties subject to an accepted offer to purchase. More details
    Listed by Century 21 Bravo Realty
    LISTING DETAILS

  • 905 Mckinnon Drive NE, Calgary

    905 Mckinnon Drive NE Mayland Heights Calgary T2E 6A6
    Main Photo: 905 Mckinnon Drive NE, Calgary

    905 Mckinnon Drive NE Calgary T2E 6A6 Mayland Heights

    $2,600,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2188148
    Build. Type:
    Low Rise (2-4 stories)
    Built in 2010, this is a superior building in both quality and design throughout. Offering 5 PREMIUM two-bedroom units and a 6th office/boardroom space of approx. 700 SqFt (that could be converted to a large studio 1 bedroom suite), this corner lot building sides on to an alley and back feeder lane, has dedicated parking stalls, and a garage for the massive luxury oversized owners suite - which occupies the majority of the top floor. Beautiful aesthetics include stucco finish with stone and wood accents, multi-chambered pvc windows and thoughtful landscaping including a stamped concrete walkway to the covered entrance. Current design allows for top floor owner suite with adjacent private office space, or slight redesign the office to generate more tenant revenue which could easily command an additional $1500/mo. Two walkout units enjoy large windows and generous proportions with 9ft ceilings. The main floor units, with 8ft ceilings, offer slightly higher specifications, with engineered flooring and fireplace(s). The 2nd level 'owners' suite is very well appointed with PRIVATE ELEVATOR to the garage, 2bds and an additional flex large room, granite countertops, vaulted ceilings and substantial windows, offering excellent views of the west rear exposure to the mountains. This is an extraordinary 'penthouse' style unit. All units have central A/C and the building is under a single title. Located in the established and stable community of Mayland Heights, near schools, just west of Barlow Trail and 5Kms from the International Airport. With property values and rents increasing due to unprecedented demand, this premium building is both underutilized and could easily benefit from significantly updated rents and even alternative use as luxury AirB&B suits. Operating expenses of approx. $53000 and total income possible from $145000 to $185000, this is an excellent stable & enduring value for the discerning investor. Proforma attached in supplements along with building drawings, RPR etc. Rents are slowly being increased as they have been under market rates, and are being brought into more appropriate rates. Flexible possession is available with leases assumed. More details
    Listed by Sotheby's International Realty Canada
    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:
    A2191751
    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

  • 2119 5 Street SW, Calgary

    2119 5 Street SW Cliff Bungalow Calgary T2S 2B5
    Main Photo: 2119 5 Street SW, Calgary

    2119 5 Street SW Calgary T2S 2B5 Cliff Bungalow

    $1,199,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2192060
    Build. Type:
    Free-Standing
    Great Investment Opportunity in the heart of Cliff Bungalow! This well-maintained 6-unit building is an ideal choice for investors seeking a property near all key amenities, transit, universities, and downtown. The building includes 3 two-bedroom units, 2 one-bedroom units, and 1 bachelor unit, plus 3 storage units, a laundry area, and off-street parking for 5 vehicles with plug-ins. Steps from the #3 bus route and with quick access to Erlton C-Train Station, future tenants will enjoy convenient public transport options. The property currently generates a gross annual income of $94,500 and is located near the shops and restaurants of 17th Ave SW and 4 St SW. More details
    Listed by Royal LePage Benchmark
    LISTING DETAILS
1-12/23
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Data was last updated March 13, 2025 at 08:05 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.