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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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13-20/20

  • 1815 16a Street SW, Calgary

    1815 16a Street SW Bankview Calgary T2T 4E2
    Main Photo: 1815 16a Street SW, Calgary

    1815 16a Street SW Calgary T2T 4E2 Bankview

    $5,250,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2220460
    Build. Type:
    Low Rise (2-4 stories)
    Great central location just less than 1 block from 17 ave sw. in the Bankview community on a quiet street. This 24 suite apartment building has low vacancy and close to all amenties. Owner has updated the units over the years that has allowed for good rental/lease income with good tenants.The suite mix is eighteen one bedrooms and six two bedrooms. More details
    Listed by RE/MAX Realty Professionals
    LISTING DETAILS

  • 1241 5 Avenue NW, Calgary

    1241 5 Avenue NW Hillhurst Calgary T2N 0S1
    Main Photo: 1241 5 Avenue NW, Calgary

    1241 5 Avenue NW Calgary T2N 0S1 Hillhurst

    $2,200,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2225540
    Positioned in the heart of Calgary’s highly desirable Hillhurst neighborhood, 1241 5th Avenue NW offers a rare multifamily investment with both stability and upside. This two-story, eight- unit apartment building consists entirely of one-bedroom suites, each ranging between 485 and 529 square feet—making it an ideal asset for targeting the city’s growing population of students, young professionals, and downsizers who value inner-city living. Originally constructed in 1971, the property has seen several recent upgrades including a new hot water tank (2020), fresh luxury vinyl plank flooring throughout common areas, and modern balcony railings installed in 2023. While all units have received various levels of interior renovations over time, there remains considerable value-add potential for an investor seeking to modernize and reposition the asset to drive rental growth. With one parking stall per unit, solid building fundamentals, and a location steps from Riley Park, Kensington Village, and CTrain access, 1241 5th Avenue NW stands as a prime value-add opportunity in one of Calgary’s most walkable and sought-after urban communities. More details
    Listed by CDN Global Advisors Ltd.
    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

    $3,318,000
    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. 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

  • 1626 12 Avenue SW, Calgary

    1626 12 Avenue SW Sunalta Calgary T3C 0R2
    Main Photo: 1626 12 Avenue SW, Calgary

    1626 12 Avenue SW Calgary T3C 0R2 Sunalta

    $2,600,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2229790
    Build. Type:
    Low Rise (2-4 stories)
    Well maintaned 11 suite apartment building with good tenants. The apartment is centrally located in the Sunalta community. Close to amenties and just one and half blocks away from the Sunalta LRT. The building has eight - one bedroom suites and three - two bedroom roomy suites. All units have been well maintaned and some with updated kitchens etc. Most suites also have larger storage closet feature . More details
    Listed by RE/MAX Realty Professionals
    LISTING DETAILS

  • 2102 5 Avenue NW, Calgary

    2102 5 Avenue NW West Hillhurst Calgary T2N 0S5
    Main Photo: 2102 5 Avenue NW, Calgary

    2102 5 Avenue NW Calgary T2N 0S5 West Hillhurst

    $4,500,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2230192
    WH05, an exclusive opportunity to acquire a collection of seven fully-leased, contemporary townhomes in the heart of West Hillhurst—one of Calgary’s most established and sought-after inner-city neighbourhoods. This boutique multifamily asset delivers immediate cash flow with long-term upside through future stratification and potential individual resale. Each thoughtfully designed, three-storey home includes three bedrooms, 3.5 bathrooms, a private garage, and a rooftop patio, blending architectural style with durable, low-maintenance finishes. The property has been well maintained since completion and benefits from strong in-place tenancy in a supply- constrained rental market. Ideally located just minutes from downtown, the Bow River pathway system, and the amenities of Kensington, WH05 offers a rare mix of stability, location, and built-in flexibility—making it a compelling urban investment opportunity with both income and future exit potential. More details
    Listed by CDN Global Advisors Ltd.
    LISTING DETAILS

  • 737 2 Avenue NW, Calgary

    737 2 Avenue NW Sunnyside Calgary T2N 0E4
    Main Photo: 737 2 Avenue NW, Calgary

    737 2 Avenue NW Calgary T2N 0E4 Sunnyside

    $1,650,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2233231
    Build. Type:
    See Remarks
    Land for Sale! Welcome to this incredible 60 ft x 120 ft corner development lot – An Ideal Investment in the vibrant community of Sunnyside—an exceptional opportunity to bring your vision to life. This prime location offers stunning downtown views and is perfectly positioned near the LRT, downtown core, and the lively amenities of Kensington. With Memorial Drive pathways right at your doorstep, the possibilities for development are vast. Whether you're looking to build your dream home or create a unique project, this lot provides the ideal setting to make your mark in one of Calgary’s most sought-after neighbourhoods. Don’t miss the chance to add your personal touch to the charm and character of Sunnyside. More details
    Listed by CIR Realty
    LISTING DETAILS

  • 1735 College Lane SW, Calgary

    1735 College Lane SW Lower Mount Royal Calgary T2S 2G9
    Main Photo: 1735 College Lane SW, Calgary

    1735 College Lane SW Calgary T2S 2G9 Lower Mount Royal

    $6,900,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2234095
    Build. Type:
    Low Rise (2-4 stories)
    An incredible opportunity with a huge land assembly in Lower Mount Royal Across from Western Canada High and 1 block off of 17th Ave SW. Includes: 1735 & 1743 College Lane, 1734, 1736 & 1738 7 St SW. Approx 21,342 sq ft lot located between College Lane & 7th St SW. Property generates good income and is an ideal holding property while you plan your new development. The College Street frontage is 125' with a depth of 190'. Purchase includes 4 detached single-family properties and a 6-unit multi-family building (Pearl Apartments) all under separate title, zoned M-C2. Close to all amenities, transit and downtown. Potential fo re-designation to MU-1: Total Parcel Area: 21,342 ft2 - 3.7 FAR More details
    Listed by Royal LePage Benchmark
    LISTING DETAILS
13-20/20
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Data was last updated June 30, 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.