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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

  • 918,920 3 Avenue NW, Calgary

    918,920 3 Avenue NW Sunnyside Calgary T2N 0J7
    Main Photo: 918,920 3 Avenue NW, Calgary

    918,920 3 Avenue NW Calgary T2N 0J7 Sunnyside

    $1,495,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2195969
    Build. Type:
    See Remarks
    This prime 50’ x 120’ land assembly consists of two 25’ x 120’ lots sold together, offering incredible potential in one of Calgary’s most sought-after neighborhoods. Located just steps from the Sunnyside C-Train station, this site is within walking distance to Kensington’s vibrant shops and restaurants, the Peace Bridge, and Downtown. Surrounded by higher-density multi-family, this property presents an opportunity for potential upzoning with reduced concerns around massing, shadowing etc Both homes are currently liveable if the buyer wants to continue renting them out. The house on 918 (1939 built) is a larger property (approximately 800 sq ft AG), was rebuilt with a full extensive renovation (10 years ago), and the basement finished. The 920 home is a 1912 built home (approximately 600 sq ft AG). More dated but still rentable. With its prime location, transit accessibility, and strong redevelopment potential, this is an exceptional opportunity for builders, investors, and developers. There is also potential for upzoning, see the Proposed Riley Communities Local Area Plan attached. Don’t miss out on securing your piece of land in Sunnyside! More details
    Listed by eXp Realty
    LISTING DETAILS

  • 4416 4 Street NW, Calgary

    4416 4 Street NW Highland Park Calgary T2K 1A2
    Main Photo: 4416 4 Street NW, Calgary

    4416 4 Street NW Calgary T2K 1A2 Highland Park

    $2,250,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2197107
    Build. Type:
    Low Rise (2-4 stories)
    This is a well maintained, low maintenance, frame construction 8 suiter on 4th St NW. 1 Bachelor, 5-1 BR, 2-2BR. 4 units have balconies. The kitchens and bathrooms have been tastefully remodeled. 4416 has been well maintained and has numerous upgrades…. New roof 2022, all building electrical panel and breakers replaced, commercial hot water tank in 2021, new windows, patio doors in 2013. This is a great location with access to downtown via 4th St NW whether driving or on public transportation. There are 7 parking spots at the rear. The Buyer must qualify and assume the existing mortgage and most likely need a CMHCC 2nd mortgage. See the supplements for additional upgrades and property proforma. More details
    Listed by Michael Fleming Realty Corp.
    LISTING DETAILS

  • 5806 Dalgleish Road NW, Calgary

    5806 Dalgleish Road NW Dalhousie Calgary T3A 1K5
    Main Photo: 5806 Dalgleish Road NW, Calgary

    5806 Dalgleish Road NW Calgary T3A 1K5 Dalhousie

    $859,900
    Commercial
    Status:
    Active
    MLS® Num:
    A2197671
    Build. Type:
    Rooming House
    Unlock Exceptional Rental Income property in the premier NW community Dalhousie! 10-Bedroom/3 Full Bathrooms Investment gem with high cash Flow & unlimited potential! Massive 10-bedroom layout ideal for multi-tenant or hybrid rental models. Current Long Term Monthly rental Income is about $6,550-$7,500. Dual Rental Strategies – Choose between long-term stability(Secondary Suite or Lodging House) or short-term higher gains (new owner can apply for a lucrative short-term rental Airbnb license—building permit doesn’t need to be applied again). Turnkey Flexibility – Lodging House license(all the city required construction works have been completed and await only final inspection). Higher Efficiency Furnace, 2 hot water tanks and roof shingles were replace in 2017. Newer windows (facing West, South or East) and window wells. Upgraded glass sliding door shower stalls, newer vanity, newer toilet, newer faucets, newer white tiles on both floor and wall of kitchen and bathroom and living rooms, sound-proofing doors, and sound-proofing walls and ceilings, thicker insulation for all floorings, etc. Extra heating baseboards are installed in each bedroom. Sensor light switches installed in whole house. Cameras and smart locks installed. Prime location! Steps from Dalhousie C-Train Station, transit hubs, and top-ranked schools including Sir Winston Churchill High School. Walk to shopping centers (Walmart, Canadian Tire, Safeway), dining, banks, and amenities—renters and resale buyers will flock here. Capitalize on a family-friendly, transit-rich neighborhood that guarantees tenant demand. The half duplex is perfect for investors seeking versatility, high yields, and long-term appreciation. Act Fast—This Opportunity Won’t Last! More details
    Listed by RE/MAX House of Real Estate
    LISTING DETAILS

  • 521 22 Avenue SW, Calgary

    521 22 Avenue SW Cliff Bungalow Calgary T2S 0H5
    Main Photo: 521 22 Avenue SW, Calgary

    521 22 Avenue SW Calgary T2S 0H5 Cliff Bungalow

    $1,199,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2199034
    Build. Type:
    Low Rise (2-4 stories)
    Prime investment opportunity in Calgary’s Cliff Bungalow/Mission district with a 6.5% cap rate and $102,000 annual gross income. This well-maintained 5-plex sits on a 37.5’ x 120’ lot on a picturesque, tree-lined street, just steps from 4th Street, 17th Avenue, restaurants, shops, and transit. Originally built in the early 1900s and converted into five units in the 1950s and 60s, the property features four one-bedroom units and one two-bedroom unit, each with modern conveniences while maintaining the charm of the original home. Recent updates include new shingles in 2021 and fully renovated bathrooms in Units #1 and #2 in 2022. The sale includes furnishings in three of the five suites, offering a turnkey opportunity for investors looking to operate long-term or short-term rentals. The property has a strong rental history and has previously operated as a high-performing short-term rental, demonstrating its revenue-generating potential. Additional features include off-street parking for four vehicles, a storage shed, and easy access to major transit routes, including the #3 bus and Erlton C-Train station. Located near the Elbow River pathways and MNP Community & Sport Centre, this location is ideal for active urban dwellers. With all five units currently occupied but with leases ending soon, investors have the flexibility to adjust rental rates or explore redevelopment opportunities. Whether expanding a rental portfolio or planning for future development, this rare inner-city gem offers immediate income and long-term potential in one of Calgary’s most desirable neighborhoods. More details
    Listed by eXp Realty
    LISTING DETAILS

  • 622 2 Avenue NE, Calgary

    622 2 Avenue NE Bridgeland/Riverside Calgary T2E 0E8
    Main Photo: 622 2 Avenue NE, Calgary

    622 2 Avenue NE Calgary T2E 0E8 Bridgeland/Riverside

    $4,340,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2200091
    Build. Type:
    Free-Standing
    3 story apartment building with 14 suites in Bridgeland. A super mix of 13 - 2 BR and 1 - 1BR apartments. All units are above grade and have a patio or a balcony. 13 of the units and the common area have had major upgrades. The 13 suites have extensive upgrades to the kitchens, appliances, bathrooms, flooring, and have air conditioning and en-suite laundry. Four of of the two bedrooms have 2 baths. 622 2nd Ave. is on a large lot with more than full parking. This is an excellent inner city location with great income. Easy access to the downtown core, Memorial Dr and 16 Ave N. The Buyer must qualify and assume the existing mortgage. The Buyer most likely will need to acquire a CMHC 2nd mortgage. More details
    Listed by Michael Fleming Realty Corp.
    LISTING DETAILS

  • 423 3 Avenue NE, Calgary

    423 3 Avenue NE Bridgeland/Riverside Calgary T2E 0H7
    Main Photo: 423 3 Avenue NE, Calgary

    423 3 Avenue NE Calgary T2E 0H7 Bridgeland/Riverside

    $2,600,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2201730
    Build. Type:
    Walk-up
    10 excellent units in a large 4 story building. Very good mix of 3 bedroom, 2 bedroom and 1 bedroom apartments. All units are above grade. 10 assigned and energized parking stalls as well as 10 storage lockers.. Each 3 bedroom unit features a 4 piece bathroom and a 2 piece ensuite. All units have balconies, some with two balconies. Very bright suites. Steel doors and frames, upgraded hallway flooring. Buyer will be responsible for confirming building measurements. More details
    Listed by RE/MAX Complete Realty
    LISTING DETAILS

  • 7816 Hunterview Drive NW, Calgary

    7816 Hunterview Drive NW Huntington Hills Calgary T2K 5C9
    Main Photo: 7816 Hunterview Drive NW, Calgary

    7816 Hunterview Drive NW Calgary T2K 5C9 Huntington Hills

    $1,398,893
    Commercial
    Status:
    Active
    MLS® Num:
    A2202129
    7816 Hunterview Drive NW | Five Unit Stucco Building On A Large Corner Lot Backing Onto Park | Excellent Suite Mix Consists Of (2) Three Bedroom, One Bath Bi-Level With Fireplace | (2) Two Bedroom, One Bath Bi-Level With Fireplace | (1) Three Bedroom, 1.5 Bath Two Storey | All Units Have Separate Entrance, Laundry, Parking Stall & Electrical Meter | Bus Stop Conveniently Located Within Steps Of Building | Easy Access To All Levels Of Schools, Parks, Superstore & Beddington Shopping Centre | Beautiful Nose Hill Park Is Within Walking Distance. More details
    Listed by Real Broker
    LISTING DETAILS

  • 2415 Centre Street NW, Calgary

    2415 Centre Street NW Tuxedo Park Calgary T2E 2T8
    Main Photo: 2415 Centre Street NW, Calgary

    2415 Centre Street NW Calgary T2E 2T8 Tuxedo Park

    $875,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2209411
    Commercial lot Direct Control land use can redevelop up to 4 storey's high, and or option units with secondary suites. Option to build twice the sq ft of land for a building sq ft (FAR-floor ratio area.) Commercial and commercial mix use. With city's permission, existing house can be used for different types of permitted(uses) with parking at the back. Property also features a single detached garage. An excellent property to hold and/or redevelop. The House is currently a residential rental property. Fantastic location on Centre Street. Call for full Details ond options as per City planning communcations. DP survey and RPR available. More details
    Listed by RE/MAX Realty Professionals
    LISTING DETAILS
13-20/20
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Data was last updated April 20, 2025 at 12:05 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.