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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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13-24/30

  • 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

    $2,900,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2266883
    This is a great investment opportunity in the sought after community of Bowness. This well maintained townhouse complex with condo titles, and NO common area to maintain or pay extra utilities resulting in lower expenses has excellent curb appeal with durable stucco and is very centrally located on bowness road having great access to all the community amenities. Higher quality construction compared to other rental buildings - granite counters, stainless steel appliances, hardwood floors and attractive stained cabinets. You have a superior suite mix with ( 6 –2 bdrm, which range from 850, 900, & 1,300 sqft sizes). (2 – 3 bdrm units which, are 1,350 sqft) units have 1.5 baths or 2.5 baths in some styles!. The tenants love the HEATED UNDERGROUND parkade with 10 parking stalls, PLUS a heated driveway. Lower cost of operating with efficient boiler heating and tenants pay electricity. This 8 unit inner city gem is located within walking distance to transit all amenities, restaurants, public library and one of the most beautiful parks in Calgary - Bowness Park. With a quick commute to work downtown, this asset is accessible for tenants that do not drive. This property also features separate titles for sale in future or you could live in one unit and live mortgage free! Contact your favorite realtor to explore this property today. More details
    Listed by Comox Realty
    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

  • 2705 38 Street SW, Calgary

    2705 38 Street SW Glenbrook Calgary T3E 3E9
    Main Photo: 2705 38 Street SW, Calgary

    2705 38 Street SW Calgary T3E 3E9 Glenbrook

    $1,730,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2271248
    Build. Type:
    Low Rise (2-4 stories)
    Ideal Multi-Family Investment Opportunity! Well maintained & updated 6 unit building conveniently located in Glenbrook. Comprised of 4 x 2 Bedroom and 2 x 1 Bedroom units, a maintenance room and laundry area. Located on a 77' x 116' corner lot providing ample tenant and/or visitor parking. There is a coin-a-matic laundry, adding to potential monthly revenue. All of the units have been updated or fully renovated. See photos for a list of improvements. There is a 6 space detached garage under separate title. Steps to parks, sports courts, schools and transit. Walking distance to restaurants, pharmacies and other amenities. Minutes to Mount Royal University, Westhills, all the amenities of 17th Ave W and the Downtown Core. More details
    Listed by Royal LePage Benchmark
    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

    $3,100,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2272484
    INVESTMENT OPPORTUNITY: 9 Self-Contained UNITS in Highly Sought-After MONTGOMERY! Located at 4901 Bowness Road NW, this premier multi-family building is a rare find. The property features an exceptional mix of units: 5 luxurious two-bedroom townhouse-style units and 4 versatile Ground-Level Suites. Total of 9 distinct municipal addresses. The main floor suites offer significant income potential and flexibility, suitable for long-term rentals, short-term rentals, or Home Base Occupation (consult City of Calgary website for permitted use). Each of the 5 townhouse units benefits from an oversized attached single-car garage, providing highly desirable parking and storage. Additional property features include dedicated on-site bike storage. Tenants will enjoy the ultimate convenience with retail services and major bus routes directly across the street, putting essential services within feet of the front door. The building is protected by a full New Home Warranty, offering: 2 Years for Labour and Materials, 2 Years for Delivery and Distribution Systems, 5 Years for Building Envelope Protection, and 10 Years for Major Structural Components. A secure, high-yield asset in a prime location! More details
    Listed by The Real Estate District
    LISTING DETAILS

  • 2208 20 Avenue NW, Calgary

    2208 20 Avenue NW Banff Trail Calgary T2M 1J2
    Main Photo: 2208 20 Avenue NW, Calgary

    2208 20 Avenue NW Calgary T2M 1J2 Banff Trail

    $1,750,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2273108
    Exceptional older character 6 Plex Located in a Prime Location in Banff Trail. City View across from a City Park and recreation area and only 5 blocks away from 1 of 3 walkable LRT stations. These units rarely come to market and this one has many upgrades including Windows, Roofing, Kitchens, Bathrooms, and unit Electrical panels. NOTE*** Individual gas meters and furnaces, hot water tanks to each unit. Laundry and Utility room located in lower level. 4 car garage and 2 exterior stalls. Security doors. BBQ area and picnic table for the tenants. 5-2 Bedroom and 1 -1 bedroom units. Possible short term Vendor Take Back by Seller!! Why not create your own living space in the upper two apartments and take advantage of the great View and Location!! Better yet this maybe an excellent condo conversion to consider. DO NOT DISTURB TENANTS - thank you. Expenses (Taxes-Insurance -Garbage -Recycles -Cleaning Services -Summer and Winter Landscaping- Furnace maintenance and common area costs including Water and Sewer for the entire building running Approximately $28,765 and Rental Income Approximately $109,620 ) Viewings please contact your own personal Realtor for access. Limited to Common Area through the Listing Agent. Viewing of Units upon an acceptable Offer and your Due Diligence. More details
    Listed by eXp Realty
    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

    $2,820,000
    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

  • 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

    $1,988,889
    Commercial
    Status:
    Active
    MLS® Num:
    A2274084
    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

  • 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

    $1,988,889
    Commercial
    Status:
    Active
    MLS® Num:
    A2274087
    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

  • 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

    $1,988,889
    Commercial
    Status:
    Active
    MLS® Num:
    A2274090
    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

  • 1324 1 Street SW, Calgary

    1324 1 Street SW Beltline Calgary T2R 0V7
    Main Photo: 1324 1 Street SW, Calgary

    1324 1 Street SW Calgary T2R 0V7 Beltline

    $4,300,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2270933
    Build. Type:
    Low Rise (2-4 stories)
    This heritage building is property tax exempt! You pay NO property tax. A rare opportunity to own a beautiful 22-unit heritage building in the Beltline that has been restored. Built in 1909, it was extensively renovated in 2014 with everything done up to code, it’s turn-key. Major upgrades in 2014 include brand new electrical, plumbing, sprinkler system, 2 boilers that will last decades, 2 hot water tanks, make up air unit, flooring, kitchens, bathrooms. Roof was done in 2017, with metal and bitumen that will also last decades. There are 24 security cameras throughout the building. Common laundry room with Coinmatic washer and dryer. 2 parking stalls at the back. These units are small, roughly 300sqft each, which makes for affordable rents. Under the CMHC MLI Select program there is excellent leverage available, buildings like this would qualify for a borrower to get into a property with as little as 5% down. Unit mix consists of 1 x 2 bed, 18 x 1 bed, and 3 x bachelor units. It’s designated heritage which means there are grants with the City of Calgary for restoration and rehabilitation that will reimburse you up to 50% of the total approved project cost. *There is a government grant contract in place that requires rents to remain 10% below the CMHC benchmark for the Beltline; however, the rents are already well below that threshold. The new owner must get approved to take over this contract; it goes until 2034. This heritage building has lots of character and is easy to rent, tenants appreciate character buildings and the rents are affordable in the heart of downtown. More details
    Listed by Michael Fleming Realty Corp.
    LISTING DETAILS

  • 3407 3 Avenue NW, Calgary

    3407 3 Avenue NW Parkdale Calgary T2N 0M4
    Main Photo: 3407 3 Avenue NW, Calgary

    3407 3 Avenue NW Calgary T2N 0M4 Parkdale

    $7,999,999
    Commercial
    Status:
    Active
    MLS® Num:
    A2272892
    Build. Type:
    Condo Complex
    Exceptional multi-family investment opportunity in the heart of Parkdale—one of Calgary’s most sought-after inner-city communities. This purpose-built 12-unit stacked townhome development is currently under construction and in the framing stage, offering buyers the unique advantage to shape final finishes or complete as a premium rental/hold asset. With 1–3 bedroom layouts thoughtfully designed across 15,457 sq.ft. of building area, the project delivers a blend of functionality, contemporary design, and long-term rental desirability. Located on an H-GO zoned lot, this property offers flexibility and strong redevelopment potential in a high-demand housing corridor. Perfectly positioned just steps from transit, the Bow River pathway system, Foothills Hospital, and quick access to the downtown core, this site is ideal for attracting a diverse tenant profile. Parkdale’s vibrant lifestyle amenities, parks, and proximity to the University of Calgary make this an exceptional addition to any investment portfolio. A rare opportunity to secure a brand-new, multi-unit inner-city asset with significant value growth potential in one of Calgary’s premier neighbourhoods. More details
    Listed by Royal LePage Solutions
    LISTING DETAILS

  • 2311 13 Street NW, Calgary

    2311 13 Street NW Capitol Hill Calgary T2M 5G6
    Main Photo: 2311 13 Street NW, Calgary

    2311 13 Street NW Calgary T2M 5G6 Capitol Hill

    $9,750,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2275293
    Build. Type:
    Condo Complex
    A rare opportunity to acquire an entire luxury 8-unit townhome complex directly fronting Confederation Park in coveted Capitol Hill. Century Park Townhomes were originally built for ownership and deliver exceptional craftsmanship, premium materials, and timeless architecture. Each unit features chef-inspired kitchens with gas ranges, floor-to-ceiling tile bathrooms, gas fireplaces, solid-core doors, and attached garages. Private rooftop patios include gas, electrical, and drainage rough-ins, with many units offering unobstructed park views. Heated driveway pads provide effortless year-round access. Six unique floor plans range from 2–4 bedrooms, with flex/den options ideal for executive tenants. This turnkey luxury rental asset offers outstanding tenant appeal, immediate possession, and an irreplaceable inner-city location minutes to downtown, SAIT, U of C, and major amenities. More details
    Listed by Royal LePage Solutions
    LISTING DETAILS
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Data was last updated February 14, 2026 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.