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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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1-12/22
  • 1920 to 1948 26 Avenue SW, Calgary

    1920 to 1948 26 Avenue SW Bankview Calgary T2T 1E3
    Main Photo: 1920 to 1948 26 Avenue SW, Calgary
    $6,400,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2037185
    LAND, LAND, LAND ASSEMBLY - OPPORTUNITY IN INNER-CITY CALGARY in Bankview on 26th AVE SW. There are 8 spectacular 45’ x 139’ RC-2 zoned lots available! You may assemble up to 360’ of exclusive inner-city land. (We have 1920, 1924 and 1928 26 AVE SW listed on the MLS. Located in the ultra sought-after inner-city community of Bankview and Marda Loop, these lots are perched at a high point in the community. Build with potential city views on a reasonably quiet street. This convenient and exclusive location is just minutes from both the Children's and Foothills Hospitals, Tom Baker Cancer Centre, Mount Royal University, University of Calgary, and affords easy access to the downtown core or escape to the nearby mountains. Also, just steps away from the Bow River and its extensive pathways system. Seven of the existing eight homes are in very good condition and are rented at mostly current market rent. The existing zoning allows easy subdivision into two lots and building of duplexes, but the city much prefers higher density as witnessed with the new building of a multi-family complex 300m East. This land intersects the communities of Bankview, South Calgary and Richmond Park/Knobhill. Along with Altadore and Garrison Woods, these communities comprise the commercial district of Trendy Marda Loop, which continues to be quickly redeveloping with executive homes and multi-family throughout its picturesque tree-lined streets. This is an amazing opportunity to buy and hold land in inner-city Calgary, or get to work immediately at a multi-family project. More details
    Listed by eXp Realty
  • 1505/1511 21 Avenue SW, Calgary

    1505/1511 21 Avenue SW Bankview Calgary T2T 0M8
    Main Photo: 1505/1511 21 Avenue SW, Calgary
    $2,790,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2125887
    Build. Type:
    Mixed Use
    For additional information, please click on the Brochure button below. M-C2 Development Downtown (30+ unit potential) with current 5 Plex & character house. Bankview Development Site adjacent to Downtown Calgary and Mt. Royal communities. New development will enjoy fantastic unobstructed VIEW OF DOWNTOWN & CALGARY TOWER from the 3rd to 5/6th story. Four x 25ft lots total, with ~ 100 x 107 ft. Total Site Area: 10,663 sq.ft. ZONING M-C2 - Multi-Residential - Contextual Medium Profile with FAR 2.5 and 16m height allows up to 5 story build with +/- 30 UNITS depending on unit size within the ~26,658 sq.ft. of developable area. Build a long term rental or condo multi-family building. EXAMPLE: with 30 x 800 sq.ft. units @ $450k ea. = $13,500,000 REDEVELOPMENT POTENTIAL. Current rental income ($93k/year) from 1912 double brick renovated Victorian 1&1/2 story house with detached garage and greenhouse + 1960s 2 ½ storey 5-plex (4x900 sq ft 2 beds, 1x600 sq ft 1 bed) to support holding with good rental income. Drive by viewing welcome, please do not disturb tenants. Street address(s) are 1505 & 1511 - 21 Avenue SW, Calgary, AB - Plan 1696L Lots 12, 13, 14, 15. ~20 MIN WALK TO DOWNTOWN Kirby CTrain (Free Fare Zone) or short drive / bike ride. Excellent development site on quiet 21st avenue near many parks but close connection to major transport arteries like Crowchild trail. Walkable site near Mt. Royal Jr. High School, only a 4 min walk (2 blocks) to Uptown 17th Avenue and 14th Street arts, culture, dining, and other amenities. Some photos are artist renditions for potential use. More details
    Listed by Easy List Realty
  • 1501,1507,1511,1515 35 Street SE, Calgary

    1501,1507,1511,1515 35 Street SE Albert Park/Radisson Heights Calgary T2A 1B2
    Main Photo: 1501,1507,1511,1515 35 Street SE, Calgary
    $2,985,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2131180
    Build. Type:
    See Remarks
    LAND ASSEMBLY 225X130,FLAT LOT 1501 is owner occupied and can be vacant quickly. Monthly rents are $2950-1515, $2500-1511, $2400-1507, Tenants pay utilities. Do not disturb tenants .long term tenants wanting to stay-Rents are low and could be increased. More details
    Listed by Alberta First Realty
  • 4901 Bowness Road NW, Calgary

    4901 Bowness Road NW Montgomery Calgary T3B 1H1
    Main Photo: 4901 Bowness Road NW, Calgary
    $3,950,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2147664
    Build. Type:
    Low Rise (2-4 stories)
    Construction is now completed. Occupancy permits released. Brand new development. This is a superb rental property situated in a prime NW Montgomery location. The property features 5 - two bedroom townhouse style units and 4 - studio apartments within 9 separate municipal addresses. There are 5 oversized attached single car garages providing an excellent mix of parking and storage to the luxurious townhouse units. Additional features include 2.5 baths and onsite bike storage. The retail and bus routes across the street offer tenants great services within feet of the front door. Floor plans with measurements along with proforma income projections are available in supplements. City of Calgary confirmation of new addressing is also available in supplements. We respectfully request that no one go onto the property without first confirming that there will be a representative there to tour the property with you. More details
    Listed by D.C. & Associates Realty
  • 733 44 Avenue NW, Calgary

    733 44 Avenue NW Highwood Calgary T2K 0J5
    Main Photo: 733 44 Avenue NW, Calgary
    $2,480,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2159950
    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 $13,345 rent per month. Low Maintenance! More details
    Listed by YMK Real Estate & Management Inc.
  • 1309 12 Avenue SW, Calgary

    1309 12 Avenue SW Beltline Calgary T3C 0P6
    Main Photo: 1309 12 Avenue SW, Calgary
    $3,200,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2172778
    Builders Investors , here is the opportunity to purchase a generating income , 11 suite apartment of large 1 bedrooms, very well taking care of all thru the years , Brick facing building is to desired for , this lot and building of 6500 sq.ft. land use CC-MXH FAR OF 5 FAR COUD BE INCREASED TO 9 FAR WITH APPROVAL FROM CITY PLANNING DEPARTMENT Great location in BELTLINE .Take advantage of Calgary’s growing population, young, entrepreneurial vibe, and rapidly evolving cityscape. Call for more details. More details
    Listed by RE/MAX Real Estate (Mountain View)
  • 4607-4611 73 Street NW, Calgary

    4607-4611 73 Street NW Bowness Calgary T3B 2M3
    Main Photo: 4607-4611 73 Street NW, Calgary
    $3,318,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2172568
    Build. Type:
    Condo Complex
    Incredible opportunity to acquire 12 condo-titled townhomes on a massive lot in the heart of Bowness! Each of the 12 townhomes boasts identical 2-bedroom bi-level layouts, featuring 1 full bath and washer/dryer hook-ups, with the option to build a second bathroom. These generously sized units are thoughtfully designed, offering a spacious upper level comprising a living room, kitchen, dining area, and laundry room, while the lower-level hosts two bedrooms with walk-in closets and a full bathroom. This condo-titled building has excellent upside potential, conveniently located less than one block away from Bowness High School and the Bowness Community Centre. Situated on a sizable M-C1 lot measuring 18,000 sqft,120 ft. x 150 ft. The property is fully leased, with each townhome having separate entrances and just around 950 sqft of rentable space. Additionally, each unit features its own furnace and hot water tank, with tenants responsible for their own utilities. Rear parking has 12 stalls, each equipped with electrical hook-ups, supplemented by plenty of street parking. 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, Market Mall, and easy access to the Trans-Canada Highway. More details
    Listed by MaxWell Canyon Creek
  • 36 Elmont Drive SW, Calgary

    36 Elmont Drive SW Springbank Hill Calgary T3H 3X5
    Main Photo: 36 Elmont Drive SW, Calgary
    $2,895,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2175533
    Calling all developers, builders and investors - this is your opportunity to purchase a prime parcel of land in coveted Springbank Hill. 1.46+- acres of land. The current owner has completed all necessary reports and due diligence, and this parcel is shovel ready for 8 prime single family estate lots or explore the possibility for increased density and bring your vision to life. Reports and further information available with an accepted offer. More details
    Listed by eXp Realty
  • 7511 41 Avenue NW, Calgary

    7511 41 Avenue NW Bowness Calgary T3B 1X5
    Main Photo: 7511 41 Avenue NW, Calgary
    $1,399,900
    Commercial
    Status:
    Active
    MLS® Num:
    A2176095
    Build. Type:
    Free-Standing
    This well-maintained 5-plex offers an exceptional opportunity for investors in the highly sought-after neighborhood of Bowness. This property combines convenience with solid returns. 4/5 units are currently occupied with month-to-month tenants, providing flexibility for rental adjustments or redevelopment. Situated close to schools, parks, shopping, and transit, this property is ideal for investors looking to expand their portfolio with a low-maintenance, income-generating asset in a fantastic location. Don't miss this chance to secure a valuable piece of Calgary's thriving rental market. More details
    Listed by RE/MAX Real Estate (Central)
  • 1923 26 Avenue SW, Calgary

    1923 26 Avenue SW South Calgary Calgary T2T 1E4
    Main Photo: 1923 26 Avenue SW, Calgary
    $3,995,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2186251
    Build. Type:
    Low Rise (2-4 stories)
    Investor Opportunity in Marda Loop! Don’t miss this chance to own a premium 8-unit modern multi-family building in Calgary’s vibrant Marda Loop community. Situated on a 50’ x 125’ lot, this turn-key property combines upscale design with exceptional rental potential, making it a smart addition to any investor’s portfolio. Property Overview: • 4 Units Above Grade: Open-concept layouts with 4 bedrooms, 3.5 bathrooms, and penthouse lofts leading to private rooftop patios. North facing units have downtown views with the south facing units offering an abundance of natural sunlight. • 4 Units Below Grade: Efficient 1-bedroom, 1-bathroom offering high demand for single professionals or couples. • 4-Car Garage: Equipped with roughed-in EV charging stations, ensuring future-ready appeal. Investment Features: • Individually Metered Units: Separate gas and electrical meters, with dedicated furnaces and electrical panels for each unit, streamlining management and reducing shared expenses. • Strong Market Appeal: Above-grade units range from 1,645 to 1,767 sq. ft., while lower units range from 565 to 578 sq. ft., offering versatility to attract diverse tenant demographics. • Prime Location: Situated in one of Calgary’s most sought-after neighborhoods, this property benefits from proximity to downtown, transit, and vibrant amenities. High-End Finishes to Maximize Returns: • Designer herringbone flooring, quartz countertops, and custom cabinetry. • Stainless appliances and matte black fixtures for a modern touch. • Two fireplaces (main level and penthouse), oversized kitchen islands, and large windows for abundant natural light. • Rooftop patios offering tenants unique outdoor spaces and incredible views. This property delivers on every level—modern design, efficient systems, and a highly desirable location. Marda Loop’s thriving community ensures strong rental demand, making this an ideal long-term investment opportunity. Act now to secure this rare, high-income property! More details
    Listed by The Real Estate District
  • 4209 Bow Trail SW, Calgary

    4209 Bow Trail SW Rosscarrock Calgary T3C 2G1
    Main Photo: 4209 Bow Trail SW, Calgary
    $1,475,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2189101
    Discover this exceptional investment opportunity in the sought-after community of Rosscarrock. This turn-key, renovated 6-plex features a versatile unit mix: 1 x 3-bedroom, 1 x 2-bedroom, and 4 x 1-bedroom units. Each unit is individually sub-metered for electricity, with tenants responsible for their own utility costs. Key updates include: - Hot water tank (replaced in 2021) - Newer roof (approximately 8 years old) - Well-maintained original boiler Conveniently located minutes from Westbrook Mall and the Westbrook underground LRT station, this property offers tenants seamless access to downtown Calgary and nearby amenities. Situated on a 6,239 sq. ft. rectangular lot (50 ft x 125 ft) zoned MC-1, the property is surrounded by higher-density developments. According to the City of Calgary’s Westbrook Communities Local Area Plan, the lot is designated as “Neighbourhood Flex” Urban Form with a “Low” Building Scale, presenting potential for future development of up to 6 storeys (subject to development approval). Whether you’re looking for a buy-and-hold opportunity or considering a redevelopment project, this property offers incredible value and versatility. Please make offers subject to viewing. More details
    Listed by eXp Realty and Real Estate Professionals Inc.
  • 531, 533, 535 24 Avenue NW, Calgary

    531, 533, 535 24 Avenue NW Mount Pleasant Calgary T2M 1X4
    Main Photo: 531, 533, 535 24 Avenue NW, Calgary
    $3,000,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2188877
    Build. Type:
    See Remarks
    Attention DEVELOPERS & INVESTORS this is a prime, inner city, Mount Pleasant land assemblage / redevelopment site with MC-2 zoning. RARE OPPORTUNITY which includes lots 23, 24, 25 & 26 combined, offering 100' frontage x 180' lot depth, approximately 18.000 sqft lot size or 0.41 ACRES. Being sold for land assemblage value. See supplements for 2023 commercial land assemblage/ property appraisal for $3.17 million. Fantastic inner-city location, close to Downtown Calgary. 531 must be purchased together with 535 & 533 24th Avenue NW. This is an incredible opportunity to either develop the proposed multi-family development plans or bring your own vision for a dynamic multi-family project to life catering to Calgary’s growing demand for housing or for a savvy INVESTOR to buy and hold these inner-city Calgary properties with solid revenue generation for future redevelopment. See supplements for the rental income that these side-by-side properties currently generate. Note: Building area is the combined RMS measurements of the existing structures on the properties. 531 24th Avenue NW (built 1947) is a renovated 2-storey offering 2564 sqft above grade with a legal main floor + illegal upper-level suite(s) + 975 sqft illegal lower-level suite. 535 & 533 24th Avenue NW (built 1950) is a renovated bungalow 1108 sqft main floor legal suite with a 1031 sqft legal lower-level suite all in great condition. Please also see supplements for proposed development plans for an apartment building comprising of 49 purpose built rental units 43 - 1 bed units + 3 - 2 bed + 3 bachelor units w/1 level of underground parking - 41 stalls. Land survey, geotechnical report, and ESA report. There is also potential with the City of Calgary approval to rezone to build even more i.e. 75+ units with 2 levels of parking and potential commercial retail units (CRU's) at grade. MC2 is one of the highest medium-density zoning with tremendous flexibility to build commercial, multi-family, 4-6 storey apartment buildings are just some of the options with City of Calgary approval. Prime location within walking distance to Confederation Park, Mount Pleasant community amenities, schools, transit, shops & restaurants on 4th Street & 16th Ave NW. Quick commute to SAIT + Downtown Calgary, University of Calgary, Alberta Children’s Hospital & Foothills Hospital. Please do not disturb tenants/access property. Showings of properties subject to an accepted offer to purchase. Building area is the combined RMS measurements of existing structures. More details
    Listed by Century 21 Bravo Realty
1-12/22
Data was last updated February 19, 2025 at 08:05 PM (UTC)

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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