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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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  • 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

    $2,649,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2275774
    Build. Type:
    Low Rise (2-4 stories)
    Sixteen Juliet doors and balconies flood the building with natural light. This well-maintained, four-storey concrete walk-up comprises 10 bright, above-grade residential units with an excellent mix: four one-bedroom, two two-bedroom, and four three-bedroom suites, most with one-and-a-half baths. Each three-bedroom unit features a four-piece main bath and a two-piece ensuite. All suites include private balconies, with several offering two balconies. The property offers 10 energized, assigned parking stalls and 10 storage lockers, along with steel doors and frames, upgraded hallway flooring, and durable concrete construction for superior longevity and sound attenuation. Ideally located near a full range of amenities, enhancing tenant appeal and long-term investment value. More details
    Listed by RE/MAX Complete Realty
    LISTING DETAILS

  • 4767 Montana Crescent NW, Calgary

    4767 Montana Crescent NW Montgomery Calgary T3B 1E6
    Main Photo: 4767 Montana Crescent NW, Calgary

    4767 Montana Crescent NW Calgary T3B 1E6 Montgomery

    $4,950,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2276176
    **Please Check the Pro-Forma in the Supplement attachment** Prime Multifamily Investment Opportunity in Montgomery Calgary Discover a rare opportunity to acquire a high-performing 9 Plex and option to be 10 Plex. multifamily with strong financials and unbeatable location. Perfectly situated just minutes from Market Mall, Foothills Hospital, and major Calgary activity hubs, this property combines modern living, exceptional views, and reliable income. Property Highlights Above Ground Area: 9,300 sq. ft. Total Livable Area: 11,500 sq. ft. Unit Mix: • Upper Unit – 3 Bedrooms | 1,650 sq. ft. • Legal Basement Suite – 2 Bedrooms | 600 sq. ft. Parking: 6 Covered Garages Outdoor Living: Private front and back yards for each unit Scenery: Panoramic Mountain and Bow River views Financial Performance Investment Appeal This multifamily complex offers the perfect balance of stable income and long-term appreciation potential. With private outdoor space for each unit, covered parking, and a highly desirable location, it presents an exceptional opportunity for investors seeking both cash flow and asset growth More details
    Listed by First Place Realty
    LISTING DETAILS

  • 625 2 Avenue NW, Calgary

    625 2 Avenue NW Sunnyside Calgary T2N 0E2
    Main Photo: 625 2 Avenue NW, Calgary

    625 2 Avenue NW Calgary T2N 0E2 Sunnyside

    $5,800,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2277134
    12 LEGAL UNITS | BRAND NEW 6-PLEX | INNER-CITY LOCATION | CMHC MLI SELECT ELIGIBLE | Purpose-built for long-term performance, this brand new inner-city multifamily asset delivers 6 townhouse-style units, each paired with a fully self-contained legal basement suite, creating 12 legal rental units designed to maximize income stability and operational efficiency. Currently under construction, the project offers investors the opportunity to secure a modern, code-compliant rental property in one of Calgary’s most desirable and supply-constrained inner-city communities. Above-grade residences span 3 storeys and feature bright, open-concept main floors with contemporary finishes selected for durability, tenant appeal, and low-maintenance ownership. Functional kitchen layouts incorporate modern appliances and generous prep and storage space, supporting everyday usability and broad rental demand. The second level is thoughtfully configured with 2 bedrooms, a full 4-piece bathroom, in-suite laundry and a dedicated bonus room, while the entire third level is designed as a private primary retreat complete with a walk-in closet, a 5-piece ensuite, and a private balcony. Each lower-level residence is a fully legal basement suite with a private entrance, dedicated kitchen, living area, full bathroom, bedroom, and in-suite laundry, offering true separation between units for privacy, sound control and flexible leasing strategies. Phenomenally located in the heart of Sunnyside with immediate access to boutique shops, acclaimed restaurants, independent cafes, the Sunnyside LRT Station, the Bow River pathway system and downtown, reinforcing consistent rental demand and long-term appreciation. Contemporary construction standards, fire-rated and sound-separated assemblies, and modern mechanical systems reduce capital risk while positioning the property as a clean, scalable acquisition. This offering is well suited for investors seeking durable cash flow, portfolio diversification and premium inner-city exposure in a market where well-designed, legal rental housing continues to outperform. More details
    Listed by LPT Realty
    LISTING DETAILS

  • 1624 26 Avenue SW, Calgary

    1624 26 Avenue SW Bankview Calgary T2T 1C6
    Main Photo: 1624 26 Avenue SW, Calgary

    1624 26 Avenue SW Calgary T2T 1C6 Bankview

    $2,200,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2279197
    Build. Type:
    Condo Complex
    Multi-Family Investment Opportunity in Prime Bankview | 6 Units | Redevelopment Zoned Welcome to a rare turnkey cash-flow ready investment in the heart of Bankview — perfectly situated between Downtown Calgary and vibrant Marda Loop. This recently updated six-unit multi-family building offers incredible flexibility and upside: -5 spacious two-bedroom suites -1 well-appointed one-bedroom suite -Airbnb/Short-term rental approved for maximum cash flow potential -Shared onsite laundry -Ample dedicated parking for residents and guests Sitting on a coveted parcel of land, the property is currently zoned M-C2 for redevelopment up to 5 storeys or 29 units, presenting a unique opportunity to cash flow now and build later as the neighbourhood continues to grow. With its unbeatable location, walkability, transit access and lifestyle amenities at your doorstep, this property appeals to both long-term tenants and short-stay visitors alike. Whether you’re an investor looking to expand your portfolio, a developer seeking your next project, or a buyer searching for dual-use income options — this Bankview gem checks every box. The Location: Bankview – a high-demand inner-city community just minutes from the Core, 17th Ave, and Marda Loop’s restaurants, cafés, and boutique retail. Don’t miss this exceptional investment with present income and future potential — opportunities like this rarely hit the market! More details
    Listed by RE/MAX Key
    LISTING DETAILS

  • 111 27 Avenue NW, Calgary

    111 27 Avenue NW Tuxedo Park Calgary T2M 2H3
    Main Photo: 111 27 Avenue NW, Calgary

    111 27 Avenue NW Calgary T2M 2H3 Tuxedo Park

    $1,575,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2279499
    This is an excellent well maintained solid six plex in a great inner city location. Suite mix is 5 -2 BR 1 -1 BR. The units are spacious with beautiful oak hardwood floors. The suites are easy to clean and easy to maintain. The stairwells are carpeted. New roof 2013, 6 new furnaces 2016. There are 3 "mechanical rooms" each with 2 upgraded furnace and 2 hot water tank. All mechanical has been regularly maintained. Each unit has a front entry and a rear entry into a stairwell giving easy access from the front of the building and easy access from the parking area for all units. The property shows well, is easy to rent, easy to manage and easy to maintain. More details
    Listed by Michael Fleming Realty Corp.
    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

    $1,525,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2282170
    Build. Type:
    Condo Complex
    Excellent Bridgeland location, steps to neighbourhood amenities including pubs, restaurants, and local shops, and a short walk to downtown. This outstanding four-unit, purpose-built revenue building offers exceptional flexibility for short- and long-term rental strategies. Constructed in 2018 to a high standard, it features full concrete construction with concrete floors and concrete exterior walls on all levels, plus a low-maintenance stucco and metal exterior. Designed for durability and convenience, 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 including in-suite laundry (washer/dryer), dishwasher, stove, and refrigerator. The top-floor unit stands out with vaulted ceilings and air conditioning. Building mechanical is top of the line and well maintained. Nearly 4,000 sq. ft. of developed revenue rentable space makes this an excellent revenue property. It could also suit a multi-generational living configuration. Condo-titled units add further possibilities for ownership and future flexibility. More details
    Listed by Keller Williams BOLD Realty
    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.