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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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1-12/20
  • 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
  • 933 18 Avenue SW, Calgary

    933 18 Avenue SW Lower Mount Royal Calgary T2T 0H2
    Main Photo: 933 18 Avenue SW, Calgary
    $2,199,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2123545
    Build. Type:
    Free-Standing
    The HARVARD is conveniently located within easy walking distance to the shops and services of 17th Ave. S.W. The well maintained building has 8 large suites. Recent enhancements and renovations include new roof, new gutters, new eavestroughs (Dec 2023), replacement of old steam heat to forced air furnace, extensive electrical upgrading, hardwood floor repairs, new stairs and foyer support, and suite renovation with new bathrooms. There is a attractive, assumable mortgage. See the terms set out in the supplements. Please make offers subject to viewing. More details
    Listed by Michael Fleming Realty Corp.
  • 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
  • 905 Mckinnon Drive NE, Calgary

    905 Mckinnon Drive NE Mayland Heights Calgary T2E 6A6
    Main Photo: 905 Mckinnon Drive NE, Calgary
    $2,600,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2123733
    Build. Type:
    Low Rise (2-4 stories)
    Built in 2010, this is a superior building in both quality and design throughout. Offering 5 premium two-bedroom units and a 6th office/boardroom space of approx. 700 SqFt (that could be converted to a large studio 1 bedroom suite), this corner lot building sides on to an alley and back feeder lane, has dedicated parking stalls, and a garage for the luxury oversized owners suite - which occupies the majority of the top floor. Beautiful aesthetics include stucco finish with stone and wood accents, multi-chambered pvc windows and thoughtful landscaping including a stamped concrete walkway to the covered entrance. Current design allows for top floor owner suite with adjacent private office space, or slight redesign the office to generate more tenant revenue which could easily command an additional $1500/mo. Two walkout units enjoy large windows and generous proportions with 9ft ceilings. The main floor units, with 8ft ceilings, offer slightly higher specifications, with engineered flooring and fireplace(s). The 2nd level 'owners' suite is very well appointed with PRIVATE ELEVATOR to the garage, 2bds and an additional flex room, granite countertops, vaulted ceilings and substantial windows, offering excellent views of the west rear exposure to the mountains. All units have central A/C. Located in the established and stable community of Mayland Heights, near schools, just west of Barlow Trail and 5Kms from the International Airport. With property values and rents increasing due to unprecedented demand, this premium building is both underutilized and could easily benefit from significantly updated rents. Operating expenses of approx. $53000 and total income possible from $145000 to $185000, this is an excellent stable & enduring value for the discerning investor. Proforma attached in supplements along with building drawings, RPR etc. Rents are slowly being increased as they have been under market rates, and are being brought into more appropriate rates. Flexible possession is available with leases assumed. More details
    Listed by Sotheby's International Realty Canada
  • 72 Huntley Close NE, Calgary

    72 Huntley Close NE Huntington Hills Calgary T2K 4Z3
    Main Photo: 72 Huntley Close NE, Calgary
    $1,498,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2130811
    INVESTOR ALERT! Welcome to a prime investment opportunity in Huntington Hills on a corner lot! This 6-plex offers a lucrative venture for an investor. Four 2 bdrm, one 1bdrm. and one 3 bdrm unit. Each unit features its own private entry, eliminating common hallway areas and ensuring tenant privacy. Currently, the rental rates are below market value, presenting a significant opportunity for rent increases. Projected future rents gross rent of $9600, with potential for even greater returns. The current rent is $ 9450. Tenants pay water, gas, and electric expenses, and all units are independently metered. The only monthly cost related to utilities is the garbage removal / recycling averaging just under $294 per month in 2023. Newer roof replaced in October 2021. All units have a balcony and a dedicated parking stall have a plug in. 6 washer and dryer, 6 fridges, stoves, 6 hood fans, 6 fridges are included. Good size bedrooms and a 4 pc.bath is located on the lower level. Low annual maintenance costs. Some long term tenant Convenient location for access to public transportation to downtown, walking distance to two elementary schools., parks, and shopping malls. Easy turn key investment property. More details
    Listed by Diamond Realty & Associates LTD.
  • 4211 Bow Trail SW, Calgary

    4211 Bow Trail SW Rosscarrock Calgary T3L 2G1
    Main Photo: 4211 Bow Trail SW, Calgary
    $1,550,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2133493
    Build. Type:
    Free-Standing
    6 plex in Rosscarrock 4 -1BR, 1 2BR, 1 3BR. The 2 BR is a furnished unit. Owners pay electrical for the 2 BR, tenants pay their own electrical for all other units. There have been many recent cosmetic upgrades to the suites and the exterior landscaping. In 2021 upgrades include a new torch on roof and a new hot water tank. Laundry set of 1 washer and dryer included. It is a 15 minute walk to Westbrook Mall and the CTrain station and good access to the downtown core. More details
    Listed by Michael Fleming Realty Corp.
  • 320 9 Street NW, Calgary

    320 9 Street NW Sunnyside Calgary T2N 1T4
    Main Photo: 320 9 Street NW, Calgary
    $2,475,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2133808
    A rare opportunity to acquire a 10-unit, 100% secured rental apartment locate din Sunnyside. Wonderfully positioned around all major amenities, steps away from Kensington Village, the LRT Station, and SAIT, 320 9 Street NW provides interested groups with the opportunity to deploy various capex strategies throughout the building that will enable a clear path to income and investment yield growth. To be sold separately or alongside 623 9A Street NW. LARGE VTB AVAILABLE TO BE HELD IN FIRST POSITION. More details
    Listed by CDN Global Advisors Ltd.
  • 623 9A Street NW, Calgary

    623 9A Street NW Sunnyside Calgary T2N 1T9
    Main Photo: 623 9A Street NW, Calgary
    $2,970,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2133840
    A rare and great opportunity to acquire a 13-unit, 100% secured rental apartment located in Sunnyside. Wonderfully positioned around all major amenities, steps away form Kensington Village, the LRT Station, and SAIT, 623 9A Street NW provides interested groups with the opportunity to deploy various capex strategies throughout the building that will enable a clear path to income and investment yield growth. To be sold separately or alongside 320 9 Street NW. LARGE VTB AVAILABLE TO BE HELD IN FIRST POSITION. More details
    Listed by CDN Global Advisors Ltd.
  • 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
    $3,300,000
    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
  • 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
    $3,200,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2142851
    Build. Type:
    See Remarks
    Attention developers & Investors this is a prime, inner city, Mount Pleasant land assemblage / redevelopment site with MC-2 zoning. Don't miss this 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. Fantastic inner-city location, close to Downtown Calgary. Properties 531 (Linc# 0019928655) along with 535 & 533 (Linc# 0019928647) 24th Avenue NW must be purchased together. Proposed development plans are 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 available to view in the supplements, along with a recent commercial property appraisal $3.17 million (2023) of properties in their current state. 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. This is an incredible opportunity to either develop the proposed multi-family development plans or develop your own vision for a dynamic multi-family project catering to Calgary’s growing demand for housing or hold onto these inner-city Calgary properties with solid revenue generation for future redevelopment. Existing side by side properties currently generate $132,600 in gross annual income offering rental income during your planning phase. Note: Total SQFT / Building Area is the combined RMS measurements of the existing properties. 535 & 533 24th Avenue NW (built 1950) is a renovated bungalow 1108 sqft main floor legal suite along with a 1031 sqft legal lower-level suite. 531 24th Avenue NW (built 1947) is a renovated 2-storey offering 2564 sqft above grade with a legal main floor suite + an illegal upper-level suite + 975 sqft illegal lower-level suite all in great condition. Develop the proposed plans, bring your own vision / plans to life or buy and hold - the possibilities are endless. Please do not disturb tenants/access property. Showings of properties subject to an accepted offer to purchase. More details
    Listed by Century 21 Bravo 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)
    UPDATE: The build is coming along at a very quick pace. we are now setting up full tours of the property. 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. Built in Murphy beds in the studio apartments 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. Because this project is still under construction 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. Given the affordable studio suites included in this project we believe it will be a perfect candidate for the CMHC MLI Select program. More details
    Listed by D.C. & Associates Realty
  • 4209 Bow Trail SW, Calgary

    4209 Bow Trail SW Rosscarrock Calgary T3C 2G1
    Main Photo: 4209 Bow Trail SW, Calgary
    $1,550,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2149247
    Renovated 6 plex in Rosscarrock with 1x3 Beds, 1x2 Beds and 4x1 Beds. Hot Water Tank in 2021, original but well-maintained boiler, newer roof (about 8 years old). Less than 15 Minute walk to Westbrook Mall and the LRT station. Please make offers subject to viewing. More details
    Listed by eXp Realty and Real Estate Professionals Inc.
1-12/20
Data was last updated December 7, 2024 at 06:05 AM (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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