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Calgary Multifamily Residential

Having between 2 to 4 units, residential multifamily properties are a worthwhile investment with numerous advantages. First, these properties are easier to maintain as they have fewer units, and therefore have smaller maintenance fees. Residential properties are also generally easier to acquire as the due diligence process is relatively simple and requires less formalized steps as compared to a commercial acquisition. Check out all the residential multifamily opportunities below and take advantage today.

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  • 6131 Bowness Road NW, Calgary

    6131 Bowness Road NW Bowness Calgary T3B 0C9
    Main Photo: 6131 Bowness Road NW, Calgary

    6131 Bowness Road NW Calgary T3B 0C9 Bowness

    $1,279,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2296697
    Floor Area:
    2,346 sq. ft.
    A fully conforming 4-plex in the heart of Bowness. This building (1969 build) boasts three 3-bdrm units and one 2-bdrm unit. One 3-bdrm suite recently renovated; attic ventilation improved with vents and fans (2025). All units off a central hallway system. There is a central boiler (serviced annually) for gas fired, hot water heating throughout the building and common laundry room in the basement. Property has been generating gross annual rental income of $90,000. All units are on fixed one year term leases and owner pays utilities. There is a parking pad in the back with 4 stalls. This meticulously owner-managed property provides an opportunity to boost revenue through further interior updates to achieve higher rents. Located in Bowness and easy access to bus, restaurants and shops. More details
    Listed by Real Broker
    LISTING DETAILS

  • 6427 32 Avenue NW, Calgary

    6427 32 Avenue NW Bowness Calgary T3B 0K3
    Main Photo: 6427 32 Avenue NW, Calgary

    6427 32 Avenue NW Calgary T3B 0K3 Bowness

    $2,650,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2296289
    Floor Area:
    6,171 sq. ft.
    Purpose-Built Triplex | 6 Doors | CMHC MLI Select–Aligned Investment Opportunity in Bowness A rare opportunity to secure a brand new purpose-built triplex in Calgary’s Bowness community, strategically designed for maximum rental income, long-term appreciation, and CMHC MLI Select–aligned financing potential. Scheduled for completion in December 2026, this 3-storey multi-family investment property features 6 self-contained rental units under one title, offering strong income stability and operational efficiency for investors. Each of the three primary residences is paired with a legal 2-bedroom basement suite, creating a 6-door income-producing asset ideal for investors targeting high cash flow, optimized debt servicing, and long-term portfolio growth. With separate entrances, in-suite laundry, and independent living layouts, the property is designed to attract a broad tenant profile and minimize vacancy risk. The main and upper units feature modern open-concept layouts, with kitchens flowing seamlessly into dining and living areas to enhance livability and tenant retention. Upper levels include 3-bedroom configurations with dedicated laundry, while third-floor primary retreats offer private ensuites and flexible bonus space, increasing rental desirability and achievable rents. Legal basement suites are fully equipped with full kitchens, spacious living areas, and 2-bedroom layouts, expanding rental demand across multiple tenant segments. This configuration supports strong gross rental income, improved cap rates, and long-term asset performance, making it an ideal fit for investors seeking scalable multi-family properties in Calgary. Built with durable, low-maintenance materials and modern construction standards, this asset reduces ongoing capital expenditures and enhances long-term ownership efficiency—key advantages for investors utilizing CMHC MLI Select financing to maximize leverage and amortization. Located in Bowness, NW Calgary, just steps from the Bow River pathways, parks, schools, and local amenities, this property benefits from consistent tenant demand, strong rental fundamentals, and excellent connectivity to major routes. The location supports both long-term appreciation and stable occupancy rates, critical for multi-family investment performance. Additional flexibility includes multi-generational living potential, allowing for strategic occupancy options or hybrid ownership structures. This is a rare, turnkey opportunity to acquire a brand new 6-unit multi-family investment property in Calgary, purpose-built for cash flow, scalability, and CMHC MLI Select optimization. More details
    Listed by Real Broker
    LISTING DETAILS

  • 5224 32 Avenue NW, Calgary

    5224 32 Avenue NW Varsity Calgary T3B 0J6
    Main Photo: 5224 32 Avenue NW, Calgary

    5224 32 Avenue NW Calgary T3B 0J6 Varsity

    $999,990
    Residential
    Status:
    Active
    MLS® Num:
    A2295852
    Bedrooms:
    8
    Bathrooms:
    4
    Floor Area:
    2,155 sq. ft.
    Summary: This side-by-side duplex, situated on a single title, presents a premier investment or redevelopment opportunity in the highly sought-after community of Varsity. Located at the legal address of 5224 32 Ave NW, the property includes two municipal addresses: 5222 (Right Side) and 5224 (Left Side, featuring an attached double garage). Land & Location: The property sits on a generous 9,000 sq. ft. lot (75’ frontage x 120’ depth). Its prime location offers effortless access to Market Mall, the Alberta Children’s Hospital, the University of Calgary, Bowmont Park, and major commuter routes including Highway 1 and Stoney Trail. Development Potential: With its substantial lot size and R-C2 zoning context, this property is an ideal candidate for multi-family conversion, such as townhomes, infill developments, or a fourplex. Secondary Suite Potential: Both sides are well-suited for potential secondary suite applications, with parking criteria already fulfilled. Unit Configuration: With minimal modifications, the property can accommodate four distinct units (approx. 1,000 sq. ft. each), typically featuring 2 bedrooms, 1 bathroom, and spacious living/dining areas. Parking: The lot accommodates up to five parking spaces, including the double garage and three driveway stalls. Current Layouts: 5222 (Right Side): Features 4 bedrooms (2 up/2 down) and 2 bathrooms. Includes a separate basement entrance, large recreation area, laundry room, and kitchen, ideal for an easy two-unit conversion. 5224 (Left Side): Similar layout to 5222, with the added benefit of the attached double garage. Mechanical & Structural Upgrades (Approximate): Roof: 2014. Furnaces: 2010 and 2012. Windows: Select windows replaced in 2014. RPR: A 2015 Real Property Report with City Compliance is available. Please note: The seller cannot guarantee current RPR validity as the backyard fence was replaced in 2020. Terms of Sale: The property is currently vacant and easy to show. The house and all chattels are being sold "As-Is, Where-Is." Please use the specific purchase contract provided in the supplements/documents tab. More details
    Listed by Kingsland Realty
    LISTING DETAILS

  • 2231 48 Street SE, Calgary

    2231 48 Street SE Forest Lawn Calgary T2B 1M3
    Main Photo: 2231 48 Street SE, Calgary

    2231 48 Street SE Calgary T2B 1M3 Forest Lawn

    $770,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2295214
    Floor Area:
    1,917 sq. ft.
    Wake up investors .Lowest price legal 4 plex , On a huge Corner lot ,All 4 units with 3 good size bedrooms , one bath, with separate furnaces,separate laundries and separate entrances.All units need some work.It is reflected in the price,So basically all units are sold in as is conditions. Units 2229 a and b are rented with long term tenants,willing to stay, no intention to move out they have been living there more than 10+ years. Each paying Rent $1400 per month including utilities. Unit 2231 a and b are vacant ,can be shown any time. units 2229 a and b have dogs and need some notice for showing.Please confirm appointments for these 2 units because of dogs,do not show these unit without confirmation.This location is excellent,Close to bus,schools,shopping and all the major routes . All Lower level windows installed in 2009, Tar and gravel roof Redone in 2002. Do not miss outstanding opportunity at this price for a legal 4 plex. More details
    Listed by Royal LePage METRO
    LISTING DETAILS

  • 7614 & 7616 21 Street SE, Calgary

    7614 & 7616 21 Street SE Ogden Calgary T2C 0V5
    Main Photo: 7614 & 7616 21 Street SE, Calgary

    7614 & 7616 21 Street SE Calgary T2C 0V5 Ogden

    $850,000
    Residential
    Status:
    Active
    MLS® Num:
    A2295170
    Bedrooms:
    6
    Bathrooms:
    4
    Floor Area:
    2,056 sq. ft.
    Exceptional investment opportunity in Ogden! Welcome to 7614 & 7616 21 Street SE, a well-maintained FULL side-by-side DUPLEX offering outstanding flexibility, income potential, and future development upside. This spacious bi-level design offers OVER 2,050 sq.ft. above grade and features a side entrance layout that creates the potential to separate the upper and lower levels, or keep it as two full units and enjoy an incredible spacious living space. The main floor in each unit features 3 bedrooms, a full bathroom, spacious living room, dining area, and a generous kitchen. The left side lower level is approximately 75% finished, offering a large family room, 4th bedroom (non-egress window), full bathroom, laundry, and potential for a kitchenette or further development. The right side lower level includes a fourth bedroom (non-egress window), a renovated full bathroom, and additional unfinished space ready for customization. Outside, enjoy an oversized detached double garage, separated to provide a single garage per unit, plus rear parking pads on each side + tons of street parking. Offering excellent long-term potential, including the possibility to convert to additional suites (subject to permits and approvals by the city ). Numerous UPGRADES over the years include newer windows, roof (house & garage), furnaces, hot water tanks, and more. One unit is currently tenant-occupied. Floorplans are available in the supplements. Ideally located close to schools, parks, transit, shopping, and major routes, with a quick commute to downtown. A rare and versatile opportunity—don’t miss it! More details
    Listed by RE/MAX First
    LISTING DETAILS

  • 411 6 Street NE, Calgary

    411 6 Street NE Bridgeland/Riverside Calgary T2E 3Y2
    Main Photo: 411 6 Street NE, Calgary

    411 6 Street NE Calgary T2E 3Y2 Bridgeland/Riverside

    $1,299,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2293748
    Floor Area:
    3,190 sq. ft.
    Rare opportunity to own a 2-storey legal 4-plex (2 front + 2 back) with 4 Separate meters in the heart of Bridgeland. Situated on an M-CG d111 zoned lot, this property offers excellent holding income with strong future redevelopment potential. Located in one of Calgary’s most sought-after inner-city communities, just minutes to downtown, transit, parks, and vibrant local amenities. High-demand rental location with long-term upside—perfect for investors looking to secure a prime asset in a rapidly growing area. More details
    Listed by RE/MAX Realty Professionals
    LISTING DETAILS

  • 2018, 2020, 2022, 2024 12 Avenue SW, Calgary

    2018, 2020, 2022, 2024 12 Avenue SW Sunalta Calgary T3C 0S1
    Main Photo: 2018, 2020, 2022, 2024 12 Avenue SW, Calgary

    2018, 2020, 2022, 2024 12 Avenue SW Calgary T3C 0S1 Sunalta

    $2,999,999
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2293778
    Floor Area:
    6,078 sq. ft.
    An exceptional opportunity to elevate your investment portfolio in the highly sought-after inner-city community of Sunalta SW. This brand-new, custom-built fourplex—currently under construction with estimated completion in approximately 3 months—offers a rare combination of modern design, functional layouts, and strong rental potential in one of Calgary’s most convenient and walkable locations. Situated on a generous 5221 SF. lot, this thoughtfully designed property features four well-appointed units, each offering 3 bedrooms and 2.5 bathrooms. The two end units provide 1,535 sq ft of living space, while the two middle units offer 1,504 sq ft, all finished with durable vinyl plank flooring and contemporary finishes throughout. Each unit includes a single attached garage, adding to tenant appeal and long-term value. The main floor boasts an open-concept layout highlighted by impressive 13-foot ceilings in the living room, creating a bright and airy atmosphere. A stylish kitchen is equipped with quartz countertops, pantry storage, and LG appliances, seamlessly connecting to the dining area and rear deck—perfect for everyday living and entertaining. Second level features two spacious bedrooms, a 3-piece bathroom, a convenient laundry room, and a built-in Computer workstation with integrated wiring—ideal for remote work or study. The third floor is a standout feature, offering vaulted ceilings, a flexible pace perfect for a yoga room or retreat, an additional 3-piece bathroom, a private balcony, and another built-in workspace. The fully developed basement includes a functional mudroom and a half bathroom, enhancing both practicality and livability. Property tax is to be assigned by the city upon completion. The exterior is finished with durable cement fibre board siding, and full fencing will be completed prior to possession. Located in the vibrant community of Sunalta, residents will enjoy quick access to downtown Calgary, Sunalta LRT station, parks, schools, and the Bow River pathways. With nearby shops, cafes, and everyday amenities just minutes away, this location continues to attract quality tenants seeking inner-city convenience and lifestyle. A rare, turnkey investment opportunity in a high-demand rental market. Individual Unit can be purchased at the price of $750,000.00. More details
    Listed by REMAX Innovations
    LISTING DETAILS

  • 447 Huntsville Crescent NW, Calgary

    447 Huntsville Crescent NW Huntington Hills Calgary T3K 4W3
    Main Photo: 447 Huntsville Crescent NW, Calgary

    447 Huntsville Crescent NW Calgary T3K 4W3 Huntington Hills

    $1,150,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2293800
    Floor Area:
    1,989 sq. ft.
    Invest in a rare opportunity with this well-maintained fourplex, ideally situated in the community of Huntington Hills. Each of the four spacious units offers roughly 980 sq. ft of comfortable living space, featuring 3 bedrooms and full self-containment – including a private utility room with its own furnace, hot water tank, washer, dryer & added storage space. Set on a large 7,556 lot, beautifully treed, the property offers both privacy and charm. The bright basement suites benefit from large windows that bring in plenty of natural light, creating a more welcoming and open atmosphere rarely found in lower-level units. The upper units feature brand-new patio doors that open onto a recently renovated balcony, offering an unobstructed view and a perfect outdoor retreat. All tenants are responsible for their own utilities, thanks to separately metered systems, all units are rented on monthly contracts with gross rental income of 6,000 per month ,or $72,000 annually,(NOI)Approx $61,022 cap rate 5% Tenants will also appreciate the convenience of being just minutes from top-rated schools, shopping centers , Deerfoot Trail, and public transit – making this location unbeatable for families and commuters alike. All four units are in immaculate condition, making this a true turnkey investment. With strong rental potential and a prime location, this property is a standout choice for investors or extended families seeking space and independence under one roof. Don’t miss out fourplex properties in this price range are rare More details
    Listed by RE/MAX Real Estate (Mountain View)
    LISTING DETAILS

  • 1636 19 Avenue NW, Calgary

    1636 19 Avenue NW Capitol Hill Calgary T2M 1B1
    Main Photo: 1636 19 Avenue NW, Calgary

    1636 19 Avenue NW Calgary T2M 1B1 Capitol Hill

    $3,200,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2293566
    **Capital Hill, NW, ** Close to SAIT and University. This thoughtfully designed courtyard-style 4-plex offers a unique blend of modern living, functional layouts, and strong income potential. The development features four upper homes and four self-contained basement suites, creating a total of eight residential units arranged around a welcoming central courtyard. At the front of the property are two striking three-storey homes designed to create a strong architectural presence from the street. Each front residence offers three bedrooms and 2.5 bathrooms spread across three levels, providing spacious and comfortable living for families or long-term tenants. The main level features open and functional living spaces ideal for everyday living and entertaining. The highlight of these homes is the private third-floor master retreat, which includes a spacious primary bedroom with an ensuite bathroom and direct access to a private balcony. This upper-level suite offers a quiet and elevated living space, perfect for relaxation while enjoying fresh air and views from the balcony. The remaining bedrooms are thoughtfully positioned to provide flexibility for family living, home offices, or guest rooms. At the rear of the property are two well-designed two-storey homes, each also offering three bedrooms and 2.5 bathrooms. These homes feature practical and comfortable layouts that maximize usable living space while maintaining privacy and functionality. The primary bedroom includes its own ensuite bathroom, creating a private retreat within the home. The additional bedrooms provide flexibility for families, shared living arrangements, or work-from-home setups. Adding significant value and versatility to the property are four independent basement suites. The lower level includes two two-bedroom suites and two one-bedroom suites, each designed as a fully self-contained living space with separate access. These suites provide excellent rental opportunities and allow for diversified income streams within a single property. The development is centered around a private shared courtyard, creating a welcoming outdoor environment for residents. This courtyard concept enhances the sense of community while maintaining privacy for each home. Parking and storage needs are addressed with four single garages, offering secure and convenient parking for residents. This well-planned multi-family property represents a rare opportunity to combine comfortable residential living with strong long-term investment potential in a thoughtfully designed courtyard community. Walking distance to shopping at North Hill Mall, C-Train, Confederation Park and pathways, SAIT. Minutes to the downtown core, U of C, Foothills and Children's Hospitals and so much more. More details
    Listed by Century 21 Bravo Realty
    LISTING DETAILS

  • 2139 & 2141 50 Avenue SW, Calgary

    2139 & 2141 50 Avenue SW North Glenmore Park Calgary T2T 2W5
    Main Photo: 2139 & 2141 50 Avenue SW, Calgary

    2139 & 2141 50 Avenue SW Calgary T2T 2W5 North Glenmore Park

    $1,075,000
    Residential
    Status:
    Active
    MLS® Num:
    A2291974
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    873 sq. ft.
    A rare multi-parcel redevelopment opportunity emerges in the highly desirable community of North Glenmore Park where three adjacent properties create an exceptional land assembly in one of Calgary’s most sought-after inner-city neighbourhoods. Offered together as a combined sale, these properties present a unique opportunity for builders, developers and investors seeking scale and long-term value in a location surrounded by established homes and high-quality infill development. Flat oversized 50’ x 139’ parcels create substantial redevelopment potential while sunny south-facing backyards maximize natural light across future designs. Corner positioning further enhances site flexibility and architectural possibilities for thoughtful new construction in a mature residential setting. Existing homes currently provide holding income potential while future plans are explored, however the true value lies in the combined land opportunity and the ability to secure multiple side-by-side lots in a neighbourhood where redevelopment demand continues to accelerate. This location strongly supports long-term investment fundamentals. Central Memorial High School and Altadore School are located just down the street, contributing to future resale appeal for newly built homes. North Glenmore Park sits within easy walking distance, offering extensive year-round recreation along the Glenmore Reservoir including the Calgary Canoe Club, Calgary Rowing Club, tennis courts, skating trails, cross-country skiing, picnic areas and scenic shoreline pathways. Recreation opportunities expand further with nearby Glenmore Athletic Park and the Glenmore Aquatic Centre providing athletic facilities, organized sports and community programming. Daily commuting remains highly convenient with downtown approximately 8 minutes away while major routes including Crowchild Trail and Glenmore Trail provide efficient access across the city. Oversized lot depth, south backyard exposure and the ability to acquire multiple adjacent properties combine to create a redevelopment opportunity rarely available in North Glenmore Park, positioning this land assembly as a compelling prospect for future infill development in a location defined by parks, recreation and enduring inner-city demand. More details
    Listed by Real Broker
    LISTING DETAILS

  • 3119 45 Street SW, Calgary

    3119 45 Street SW Glenbrook Calgary T3E 3T7
    Main Photo: 3119 45 Street SW, Calgary

    3119 45 Street SW Calgary T3E 3T7 Glenbrook

    $2,950,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2292426
    Floor Area:
    4,694 sq. ft.
    An excellent opportunity to expand your investment portfolio in the desirable southwest community of Glenbrook. This brand-new fourplex, nearing completion with anticipated occupancy in late Spring 2026, offers modern design, strong rental appeal, and a location that continues to attract quality tenants. Each of the upper two-storey units offers 1,173 sq ft of thoughtfully designed living space, featuring an open-concept main floor with a spacious living area, contemporary kitchen, and convenient 3-piece powder room. Upstairs, the layout includes a primary bedroom with a private 3-piece ensuite along with two additional bedrooms, making these units well suited for families or professional tenants. Each unit is complemented by a separate legal basement suite (556 sq ft) with its own entrance, complete with one bedroom, living area, and kitchen, creating excellent additional rental income potential. All eight units are separately metered, helping simplify management while giving tenants control over their own utilities. The property also features four secure garage parking stalls and dedicated bike parking, amenities that further enhance its appeal for renters. Glenbrook’s central southwest location provides easy access to downtown Calgary, while being close to great schools, parks, shopping, and transit. Major institutions such as Mount Royal University are just minutes away, making this an attractive option for a broad range of tenants. With eight total rental units, this property is also an excellent candidate for investors looking to qualify under the CMHC MLI Select program. A rare opportunity to secure a newly built multi-family investment property in one of Calgary’s well-established and conveniently connected communities. More details
    Listed by Century 21 Bamber Realty LTD.
    LISTING DETAILS

  • 712 Kingsmere Crescent SW, Calgary

    712 Kingsmere Crescent SW Kingsland Calgary T2V 2H7
    Main Photo: 712 Kingsmere Crescent SW, Calgary

    712 Kingsmere Crescent SW Calgary T2V 2H7 Kingsland

    $1,175,000
    Residential
    Status:
    Active
    MLS® Num:
    A2291999
    Bedrooms:
    8
    Bathrooms:
    4
    Floor Area:
    2,335 sq. ft.
    RARE FULL DUPLEX WITH FOUR POTENTIAL INCOME UNITS! Perfect for investors, multigenerational families, or buyers looking to live in one unit while generating rental income from the others. Exceptional full duplex INVESTMENT OPPORTUNITY with four total living spaces! With both sides of the duplex under one title, this versatile property offers excellent potential for investors, multigenerational families, or buyers looking to offset their mortgage by living in one unit and renting the others. The 712 upper unit features a bright 2-bedroom, 1-bath main floor with a large open-concept kitchen, dining area, and living room filled with natural light from oversized windows. The lower level beneath the front addition includes a third bedroom or ideal home office, plus a large storage room. The 710 upper unit offers 2 bedrooms, 1 bathroom, a spacious kitchen, dining area, and comfortable living room, also complemented by large windows and great natural light. Both upper units include their own private laundry. Each side also includes a 2-bedroom, 1-bath basement (illegal) suite with a kitchen, living room, and laundry, creating four separate living spaces in total. Both Basement suites are currently illegal; see information from the City outlining requirements to legalize. Subject to approval and permitting by the city/municipality. Situated on a large pie-shaped lot, the property includes a detached DOUBLE GARAGE, currently divided so each upper unit has its own private stall, adding convenience and additional rental potential. Plus Central A/C was installed on BOTH sides in 2020. This property offers multiple investment strategies—live in one unit and rent the others, accommodate extended family, or maximize rental income with four potential units in one property. | * some photos have been edited/virtually staged More details
    Listed by Power Properties
    LISTING DETAILS
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Data was last updated March 29, 2026 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. While the acquisition process for residential multifamily properties may be simpler, there are still quite a few factors to consider in the investment process. Please don’t hesitate to contact us today for advice or more information on listings that caught your eye.

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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.