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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

  • 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:
    A2320201
    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

  • 215 15 Avenue SE, Calgary

    215 15 Avenue SE Beltline Calgary T2G 1G4
    Main Photo: 215 15 Avenue SE, Calgary

    215 15 Avenue SE Calgary T2G 1G4 Beltline

    $3,750,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2322945
    Rare opportunity to acquire a fully renovated 16-unit multifamily building in Calgary's most rapidly transforming neighbourhood. The building comprises 9 bachelor suites and 7 one-bedroom suites, all fully upgraded, in a location that is arguably the most walkable and well-connected in the Beltline. Steps to Victoria Park/Stampede CTrain station, walkable to downtown Calgary and 17th Avenue, with an exceptional walk score that reflects the depth of amenity on the doorstep. The building has been comprehensively upgraded by the current ownership with no deferred maintenance. Every suite features new flooring, kitchens, and appliances. Common areas have been fully refreshed across both wings, 15 windows replaced, ButterflyMX smart access installed, and a coin laundry area retrofitted for resident use. The property sits at the centre of an event district that will only grow in scale and profile. NHL games at Scotia Place (opening 2027-28), the Calgary Stampede, major concerts, and international conventions at the BMO Centre draw visitors year-round. As new hotel supply from the W Calgary, JW Marriott, and Autograph Collection drives nightly rates higher, short-term rental demand in this pocket will follow. An incoming owner has the ability to apply for short-term rental licences for some or all units, positioning the building to capture that demand as it grows. For long-term holders, the fundamentals are equally compelling. Zoned CC-X (Centre City Mixed Use) with no maximum building height and hotel as a discretionary use, this is a land parcel whose value will appreciate alongside one of the most significant development cycles in Calgary's history. Current rents sit below market with the majority of leases expiring Q3/Q4 2026 and Q1 2027, providing immediate upside as the district continues to activate. Contact listing agent for more information. More details
    Listed by KPLI Real Estate Corporation
    LISTING DETAILS

  • 1-8 4523 73 Street NW, Calgary

    1-8 4523 73 Street NW Bowness Calgary T3B 2M3
    Main Photo: 1-8 4523 73 Street NW, Calgary

    1-8 4523 73 Street NW Calgary T3B 2M3 Bowness

    $2,450,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2328567
    Welcome to this 8 unit bi-level multi-family building for sell, an exceptional investment opportunity in the heart of Bowness, one of Calgary's fastest-transforming inner-city communities. Surrounded by newly developed multi-family projects, this well-maintained property offers excellent holding income today with outstanding redevelopment potential for the future. Situated on a 75' x 150' M-C1 zoned lot, the building features 8 rental units, including 2 three-bedroom units, 4 two-bedroom units, and 2 one-bedroom units, along with 8 rear parking stalls. The property generates strong cash flow, making it an ideal long-term investment while you benefit from future land appreciation and redevelopment opportunities. Conveniently located within walking distance to schools, shopping, parks, and everyday amenities. Enjoy being just 10 minutes from WinSport, Farmer's Market, Bowness Park, and a wide variety of major retail and dining destinations, while downtown Calgary is only a 15-minute drive away. Whether you're an investor looking for stable income, a developer seeking your next project, or a buyer wanting to secure land in a rapidly evolving neighbourhood, this is an opportunity you won't want to miss. More details
    Listed by Homecare Realty Ltd.
    LISTING DETAILS

  • 1803 9 Street SW, Calgary

    1803 9 Street SW Lower Mount Royal Calgary T2T 3C1
    Main Photo: 1803 9 Street SW, Calgary

    1803 9 Street SW Calgary T2T 3C1 Lower Mount Royal

    $2,500,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2327551
    Build. Type:
    Free-Standing
    This 11 suite apartment building is located in Lower Mount Royal - a prime rental area in Calgary. 11 - 1 BR suites are approximately 550 sf. A short walk to the amenities and shops on 17 Ave SW and a 10 minute walk to 4th St SW shops. The roof was recently resurface in 2023. A good solid well maintained building with tremendous upside with redecoration as units turn over. The Seller may consider Seller financing. More details
    Listed by Michael Fleming Realty Corp.
    LISTING DETAILS

  • 4627 73 Street NW, Calgary

    4627 73 Street NW Bowness Calgary T3B 2N7
    Main Photo: 4627 73 Street NW, Calgary

    4627 73 Street NW Calgary T3B 2N7 Bowness

    $1,800,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2332521
    Fully renovated six-unit townhouse complex directly across from Bowness High School, now 100% occupied. Each unit is a 3-bedroom townhouse with undeveloped basement. Condo-titled structure. Currently renting at $1,800/month per unit, well below market rate supported by CMHC comps and current listings. With five of six leases expiring or renewing through 2027, there is a clear path to market-rate rents. The property was recently renovated back to the studs with no immediate capital expenditure required. Mortgage assumption at 4.7% fixed through June 2033 is required. Individual units are currently selling for much higher, and buyer could sell off individually at end of mortgage term to realise significant profit. Great buy and hold property. Financials and brochure available on request. Tours with an accepted offer. More details
    Listed by KPLI Real Estate Corporation
    LISTING DETAILS

  • 655 4 Avenue NE, Calgary

    655 4 Avenue NE Bridgeland/Riverside Calgary T2E 0J9
    Main Photo: 655 4 Avenue NE, Calgary

    655 4 Avenue NE Calgary T2E 0J9 Bridgeland/Riverside

    $1,850,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2333975
    Build. Type:
    Low Rise (2-4 stories)
    Classic Brick-and-Mortar Investment is what this 7-Suite Concrete Apartment Building is all about, with current revenue of $133,500 per year. Positioned in the heart of high-demand Bridgeland, this well-maintained 7-suite concrete building offers a annual turn-key revenue opportunity for the savvy investor. Featuring six spacious 2-bedroom units and one bachelor suite. Every apartment enjoys a private balcony, a secure storage unit and a warm, welcoming layout that attracts and retains long-term tenants. Property Highlights: Convenient Parking: On-site rear surface parking eliminates street parking - no on street parking headaches for residents. Prime Location: Steps from public transit with quick, direct access to downtown Calgary and local amenities. Proactive Capital Upgrades: Capital expenditure risks are minimized thanks to significant recent improvements over the last 8 years: Hallways, common areas, and flooring upgraded (2 years ago) Windows and exterior doors replaced (4 years ago) Roof replaced (5 years ago) Water heater replaced (8 years ago). New Replacement Boiler in Storage, if required. Personally maintained with pride of ownership, this solid concrete asset yields stable cash flow with stable long-term upside. A fantastic turn-key addition to any real estate portfolio. A rock-solid, turn-key investment property ready for long-term equity growth and stable rental yield. Full Proforma available on request. More details
    Listed by eXp 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

    $2,090,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2335104
    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 $12.400 rent per month. Low Maintenance! More details
    Listed by YMK Real Estate & Management Inc.
    LISTING DETAILS

  • 648 Mcdougall Road NE, Calgary

    648 Mcdougall Road NE Bridgeland/Riverside Calgary T2E 4Z7
    Main Photo: 648 Mcdougall Road NE, Calgary

    648 Mcdougall Road NE Calgary T2E 4Z7 Bridgeland/Riverside

    $1,495,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2331578
    Build. Type:
    Condo Complex
    Bridgeland 4 unit purpose built short term rental building. Lots of short term booking filling in over summer. The units rent long term over winter. Excellent location, steps to neighbourhood amenities including pubs, restaurants, and local shops.. Constructed in 2018 to the highest standards, it features full concrete construction with concrete floors and exterior walls on all levels,.The building was designed with a low-maintenance stucco and metal exterior. Built with durability and convenience in mind, the property offers two stairwells (front and back) with metal stairs and railings. Three above-grade units include balconies with downtown views and in-floor heat. Each of the four suites is nearly 1,000 sq. ft., featuring modern industrial/loft-style floor plans and a full appliance package with in-suite laundry (washer/dryer), dishwasher, stove, and refrigerator. The top-floor unit stands out with vaulted ceilings and air conditioning. The building's mechanical is top of the line and well maintained. Nearly 4,000 sq. ft. of developed revenue producing space makes this an excellent short term and long term revenue property. It could also suit a multi-generational living configuration. More details
    Listed by Keller Williams BOLD Realty
    LISTING DETAILS

  • 2312 1 Street NW, Calgary

    2312 1 Street NW Tuxedo Park Calgary T2M 2T8
    Main Photo: 2312 1 Street NW, Calgary

    2312 1 Street NW Calgary T2M 2T8 Tuxedo Park

    $1,575,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2341946
    Welcome to 2312 1 Street NW. This six-suite building features a perfect mix of two 1-bedroom and four 2-bedroom apartments. The property sits on a massive 63x125-foot lot with MC-1 zoning, located very close to Centre Street NE and the future Green Line LRT project. The building includes six parking stalls at the rear, with public transit, shopping, schools, and parks all within walking distance. A brand-new roof was installed in 2025, and the property is professionally managed. **POSSIBILITY OF ASSUMING A CURRENT MORTGAGE THRU RBC @4.34% FOR A QUALIFIED BUYERS**. Please do not approach the tenants. For more inquiries, call your favorite REALTOR! More details
    Listed by TREC The Real Estate Company
    LISTING DETAILS

  • 2-6;8-9 928 3 Avenue NW, Calgary

    2-6;8-9 928 3 Avenue NW Sunnyside Calgary T2N 0J6
    Main Photo: 2-6;8-9 928 3 Avenue NW, Calgary

    2-6;8-9 928 3 Avenue NW Calgary T2N 0J6 Sunnyside

    $1,500,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2344803
    Build. Type:
    Low Rise (2-4 stories)
    RARE INNER-CITY ASSEMBLY — 7 TITLED CONDO UNITS SOLD AS ONE PACKAGE. A single owner holds seven of the ten units in this well-maintained Sunnyside building and is offering all seven together. UNIT MIX: Six one-bedroom units and one two-bedroom. All seven are currently tenant-occupied on staggered lease terms and every unit includes in-suite washer and dryer. Consistent finish package throughout — maple cabinetry, granite countertops, laminate and tile flooring. INCOME: $10,500 per month gross, $126,000 annually. Condo fees cover water/sewer, heat, waste and recycling, snow removal, grounds maintenance, building insurance and building maintenance; electricity is tenant-paid. RECENT CAPITAL IMPROVEMENTS: new boiler (2015), rubber membrane roof (2018), security cameras (2019), parking lot re-paved (2023), balcony vinyl decking and railings replaced (2024), exterior caulking replaced building-wide (2024), new parapet flashing (2024). LOCATION: The building backs directly onto the Sunnyside LRT station, one stop from downtown, and is a short walk to Kensington's shops and restaurants, the Bow River pathways, Riley Park, and the Peace Bridge. Close to downtown employment and SAIT. Surrounding blocks are actively densifying with new projects underway within sight of the property. LONG-TERM UPSIDE: Under the City of Calgary's approved Riley Communities Local Area Plan, the site falls within the Core Zone of the Sunnyside LRT Transit Station Area, where the Plan directs the greatest building scale and activity. The Plan identifies the site for Mid Scale development of up to 12 storeys (current land use: M-CG) and supports parking relaxations near transit. Across the tracks, the 10 Street NW Main Street is planned for even greater heights. Building heights in the Plan are maximums; redevelopment would require a land use amendment and City approval, and buyers should complete their own due diligence. Collect strong rental income today on one of the most transit-connected sites in inner-city Calgary, with a path toward securing the full building over time. More details
    Listed by eXp Realty
    LISTING DETAILS

  • 1809, 1715 5 Street SW, Calgary

    1809, 1715 5 Street SW Cliff Bungalow Calgary T2S 2A8
    Main Photo: 1809, 1715 5 Street SW, Calgary

    1809, 1715 5 Street SW Calgary T2S 2A8 Cliff Bungalow

    $7,750,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2344699
    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 has 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. The current ownership is exempt from some of the property taxes. More details
    Listed by Michael Fleming Realty Corp.
    LISTING DETAILS

  • 1826 34 Avenue SW, Calgary

    1826 34 Avenue SW South Calgary Calgary T2T 2B8
    Main Photo: 1826 34 Avenue SW, Calgary

    1826 34 Avenue SW Calgary T2T 2B8 South Calgary

    $1,299,900
    Commercial
    Status:
    Active
    MLS® Num:
    A2344346
    Incredibly maintained inner-city fourplex available in the heart of Marda Loop! This fully rented out 2,831.09 sq ft property presents an excellent opportunity for investors looking for a revenue-producing asset in one of Calgary’s most sought-after and vibrant communities. The property consists of three 2-bed 1-bath units and one 1-bed 1 - bath unit, each offering bright and inviting living spaces, with secure building access providing added peace of mind for residents. Situated in South Calgary one block from 33rd Ave, this property is surrounded by an exceptional selection of shops, restaurants, services, boutiques, parks and green spaces, creating an incredibly convenient and desirable pedestrian-friendly neighbourhood. This is a great investment in a bustling area is known for its walkability and easy access for pedestrians, cyclists, transit users and vehicle traffic. Proximity to major thoroughfares provides quick access throughout the city and to the Downtown Core. With a solid foundation for continued rental demand. Whether you're looking to expand your investment portfolio, establish a foothold in Marda Loop, or secure a property to hold for years to come, this is an opportunity not to be missed. More details
    Listed by CIR Realty
    LISTING DETAILS
13-24/30
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Data was last updated October 10, 2026 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.