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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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1-12/31

  • 509 and 511 13 Avenue NE, Calgary

    509 and 511 13 Avenue NE Renfrew Calgary T2E 1C5
    Main Photo: 509 and 511 13 Avenue NE, Calgary

    509 and 511 13 Avenue NE Calgary T2E 1C5 Renfrew

    $1,199,000
    Residential
    Status:
    Active
    MLS® Num:
    A2231158
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    2,162 sq. ft.
    Exceptional Investment Opportunity in Renfrew –FULL Duplex (BOTH SIDES!) on One Title with Endless Potential. Here’s your chance to secure a fully equipped side-by-side FULL duplex (#509 and #511! ) on one title, ideally situated on a generous 50' x 120' lot in the sought-after inner-city community of Renfrew. Whether you're a savvy investor looking for strong, immediate cash flow, or a developer exploring redevelopment options, this property checks all the boxes. Each main unit offers 1,081 sqft above grade and features 3 bedrooms (2 up + 1 den/bedroom), updated flooring, bright and spacious living areas with large windows and cozy fireplaces, and functional kitchens designed for everyday comfort. The basement units are 964 sf and have 2 bedrooms, 1 bathroom, living room + kitchen +laundry + den (storage) or it can also be a bedroom if necessary. Private separate basement entrances open the door to converting this property into four self-contained income-generating suites, dramatically increasing your rental potential. Outside, enjoy the convenience of a double detached garage plus an extended parking pad, offering ample space for tenants. Bonus: Both units 509 and 511 are occupied by long-term tenants (11 and 9 years), who would love to stay—providing you with turnkey rental income of $2,800/month and $2,600/month, respectively. Situated just steps from two parks and minutes from Bridgeland’s vibrant shops and restaurants, top-rated schools, public transit, major roadways, downtown Calgary, the Calgary Zoo, and TELUS Spark—this location is truly unbeatable for both renters and future redevelopment. Whether you hold, renovate, or rebuild, this property is a smart investment in a high-demand location. Opportunities like this are rare—act fast! More details
    Listed by CIR Realty
    LISTING DETAILS

  • 89 & 93 Creekstone Drive SW, Calgary

    89 & 93 Creekstone Drive SW Pine Creek Calgary T2X 4Y2
    Main Photo: 89 & 93 Creekstone Drive SW, Calgary

    89 & 93 Creekstone Drive SW Calgary T2X 4Y2 Pine Creek

    $1,399,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2230790
    Floor Area:
    3,272 sq. ft.
    Prime not-to-miss investment opportunity in this legal fourplex in the Creekstone area of the popular Southwest Calgary neighbourhood of Pine Creek. Live in 1 unit & rent out the other 3, or rent out all 4…each side of this two storey property has vinyl plank floors & quartz counters, 3.5 bathrooms & 4 bedrooms, detached 2 car garage & big backyard with deck. The upper level units (main & 2nd floors) have fantastic open concept designs with large living rooms with East-facing windows, spacious dining rooms with West-facing windows & sleek kitchens with subway tile backsplash, oversized centre islands & Whirlpool stainless steel appliances including gas stoves. There are 3 bedrooms & 2 full bathrooms on the 2nd floors, & features primary bedrooms with recessed ceilings, walk-in closets & ensuites with quartz-topped double vanities. Between the bedrooms are cozy lofts with recessed ceilings & laundry closets with Whirlpool washers & dryers. The legal 1 bedroom basement suites – with separate entrances, have large kitchens with stainless steel appliances & quartz counters, great-sized rec rooms, full bathrooms & laundry with stacking washer/dryer. The upper level units have decks with gas BBQ lines, & each side has a detached 2 car garage. Prime location with quick easy access to both Stoney & Macleod Trails, just minutes to Spruce Meadows & Shawnessy Towne Centre, Fish Creek Park & Sikome Lake, South Health Campus & downtown. More details
    Listed by Royal LePage Benchmark
    LISTING DETAILS

  • 153 & 151 Lissington Drive SW, Calgary

    153 & 151 Lissington Drive SW North Glenmore Park Calgary T3E 5E5
    Main Photo: 153 & 151 Lissington Drive SW, Calgary

    153 & 151 Lissington Drive SW Calgary T3E 5E5 North Glenmore Park

    $1,200,000
    Residential
    Status:
    Active
    MLS® Num:
    A2229382
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    1,886 sq. ft.
    First time on the market! This is your chance to secure a prime 52’ x 116’ R-CG corner lot in one of Calgary’s most sought-after inner-city neighbourhoods. Located on prestigious Lissington Drive, this side-by-side bungalow duplex offers endless possibilities for developers, investors, or visionary buyers. Each unit features 2 bedrooms, 2 bathrooms, a bright living area, and a functional kitchen, with separate entrances to the lower levels which is ideal for future basement redevelopment. Whether you’re considering for an investment or holding for future potential, this property offers incredible value in a location where listings rarely come up. North Glenmore Park is known for its quiet, tree-lined streets, easy access to downtown, top schools, Mount Royal University, transit, and Glenmore Athletic Park. Properties like this are becoming increasingly rare — don’t miss your opportunity in one of Calgary’s most established and desirable inner-city communities. More details
    Listed by RE/MAX First
    LISTING DETAILS

  • 7510 & 7512 Huntridge Crescent NE, Calgary

    7510 & 7512 Huntridge Crescent NE Huntington Hills Calgary T2K 4C9
    Main Photo: 7510 & 7512 Huntridge Crescent NE, Calgary

    7510 & 7512 Huntridge Crescent NE Calgary T2K 4C9 Huntington Hills

    $979,900
    Residential
    Status:
    Active
    MLS® Num:
    A2230438
    Bedrooms:
    10
    Bathrooms:
    4
    Floor Area:
    2,308 sq. ft.
    CALLING ALL INVESTORS! Great opportunity to own a full side by side duplex w/2 illegal suites in a prime Huntington Hills location. This spacious bi-level w/2300 sq.ft above grade (total) w/an entry way that allows for private access into the upper and lower suite. Each side is a mirror image of each other and offers a very functional floorplan in all 4 units. The upper level on each side has a large living room w/a big picture window and plenty of room for your furniture. Spacious dining space is open to the living room and kitchen w/patio doors leading out to the deck. The kitchen has good counter space and storage. 3 bedrooms & 4-pc bath complete with a washer & dryer. The lower suites are well sized with open concept living between the kitchen, dining and living room. The bi-level design offers large windows in the basement that provide great natural light to the living space. 2 bedrooms, a 4-pc bath and a washer & dryer make all 4 units self contained. A huge added bonus is that each side of the duplex comes with 2 furnaces (in one utility room)…each unit can control their own temperature! 7510 has 2 mid efficient furnaces. 7512 has 2 high efficient furnaces. Large corner lot offers a parking pad for 2 cars plus tons of street parking in front of each entrance of the property. Location can’t be beat w/transit right out your front door and quick access to the bus loop. Superstore is a quick walk away and all levels of schooling are in close proximity. Easy access to Deerfoot Trail and Centre St. With great privacy between each suite, spacious living and great amenities nearby, finding great tenants is easy! More details
    Listed by RE/MAX Real Estate (Mountain View)
    LISTING DETAILS

  • 4308 73 Street NW, Calgary

    4308 73 Street NW Bowness Calgary T3B 2M1
    Main Photo: 4308 73 Street NW, Calgary

    4308 73 Street NW Calgary T3B 2M1 Bowness

    $1,098,890
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2228244
    Floor Area:
    2,422 sq. ft.
    4308 73 Street NW | Investor Alert! | Prime Location! | Legal Four-Plex | Rare Opportunity To Own A Well-Maintained 4-Plex In The Highly Sought-After Community Of Bowness | All Four Units Are Spacious 3 Bedroom 2 Bath Corner Units | Offering Excellent Functionality For Families With In-Suite Laundry | Nestled On A Large Lot With Ample Parking In The Alley | Situated Close To Schools, Transit, Shopping & Stoney Trail | Inside Pictures Are Of Unit 4 Which Was Recently (2022) Renovated | No Inside Pictures Of Other Units. More details
    Listed by Real Broker
    LISTING DETAILS

  • 710 & 712 72 Avenue NW, Calgary

    710 & 712 72 Avenue NW Huntington Hills Calgary T2K 0P4
    Main Photo: 710 & 712 72 Avenue NW, Calgary

    710 & 712 72 Avenue NW Calgary T2K 0P4 Huntington Hills

    $888,000
    Residential
    Status:
    Active
    MLS® Num:
    A2228384
    Bedrooms:
    7
    Bathrooms:
    3
    Floor Area:
    1,989 sq. ft.
    Located in Huntington Hills, this side-by-side full duplex at 710 & 712 72 Avenue NW offers an excellent investment opportunity with incredible potential. Both sides feature 3 bedrooms on the main floor, and partially finished basements—712 includes an additional bedroom in the basement. The unbeatable location and spacious layout make it ideal for future renovation or redevelopment. All appliances are sold as is. Whether you're looking to generate rental income or renovate for long-term value, this property is full of possibilities. Photos only for 710. 712 is tenant occupied until July 31, 2025. More details
    Listed by Realty Link Management.Services Ltd.
    LISTING DETAILS

  • 1832 27 Avenue NW, Calgary

    1832 27 Avenue NW Capitol Hill Calgary T2M 2J5
    Main Photo: 1832 27 Avenue NW, Calgary

    1832 27 Avenue NW Calgary T2M 2J5 Capitol Hill

    $3,200,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2228043
    Make this investment the cornerstone of your real estate portfolio!! Exceptional new-construction rental opportunity in Capitol Hill, one of Calgary’s most desirable inner-city communities. Backing directly onto Confederation Park Golf Course and scenic walking and biking paths, this purpose-built development offers incredible access to green space and urban convenience. Scheduled for completion in June 2025, the project features eight income-generating suites across two thoughtfully designed buildings. Each building includes spacious upper units of 1,361 sq ft with three bedrooms and 2.5 bathrooms, as well as generous 622 sq ft lower suites with one bedroom. A four-car detached garage with lane access further enhances the functionality and appeal of this property. This investment opportunity stands out due to its premium location and larger-than-average layouts, offering the comfort and practicality today’s renters are looking for. Situated on a 6000 sq ft corner lot, the design allows for superior unit separation and curb appeal compared to typical infill properties. Built with durable finishes, low-maintenance Hardie board exteriors, and high-efficiency HVAC systems, this development ensures lower operating costs and long-term performance — ideal for investors seeking strong returns with minimal upkeep. Capitol Hill’s prime inner-city location places residents just minutes from SAIT, the University of Calgary, Foothills Hospital, and the Alberta Children’s Hospital, making it especially attractive to students, professionals, and healthcare workers. The property also offers quick access to downtown Calgary, 16th Avenue, and major transit routes, ensuring strong rental demand and long-term tenant retention. With projected rents of $2,850/month for the upper suites ($2.10/sq ft) and $1,450/month for the lower suites ($2.20/sq ft), and estimated operating costs at 20%, the development is expected to generate approximately $164,000 in net annual income, reflecting a healthy 5.30% capitalization rate. The beauty is that you have plenty of time to get your CMHC MLI Select financing in place for closing! This is a rare opportunity to own a turnkey, low-maintenance investment property in a high-demand location that blends natural beauty with urban access. Contact Robby Khunkhun today to learn more about how this premium development in Capitol Hill can help you achieve your real estate investment goals. With its unbeatable location, modern construction, and strong rental potential, this property is positioned for long-term success and appreciation. The listing price is subjected to GST, which is 100% refundable through the CRA GST/HST rebate program. More details
    Listed by Real Broker
    LISTING DETAILS

  • 47 & 49 Galbraith Drive SW, Calgary

    47 & 49 Galbraith Drive SW Glamorgan Calgary T3E 4Z5
    Main Photo: 47 & 49 Galbraith Drive SW, Calgary

    47 & 49 Galbraith Drive SW Calgary T3E 4Z5 Glamorgan

    $1,050,000
    Residential
    Status:
    Active
    MLS® Num:
    A2227556
    Bedrooms:
    7
    Bathrooms:
    4
    Floor Area:
    1,780 sq. ft.
    Rare Full Duplex Investment Opportunity in Glamorgan - in the established and centrally located community of Glamorgan. This unique property offers a total of 7 bedrooms, 1 den, and 4 full bathrooms, with illegal suites on both sides, providing excellent income potential. With a spacious open floor plan on each level, this duplex is designed for comfortable multi-family living or rental flexibility. The property has been well maintained and thoughtfully updated over the years, making it a turnkey investment. Newer Furnace, Hot Water Tank and Renovated. Currently fully rented, it boasts a strong cap rate, making it ideal for savvy investors looking for immediate cash flow. Located just steps from Galbraith Park and offering easy access to Glenmore Trail, Stoney Trail & MRU . Whether you're expanding your investment portfolio or looking for a multi-generational living setup, this is a rare opportunity you won’t want to miss More details
    Listed by RE/MAX Realty Professionals
    LISTING DETAILS

  • 30 & 32 New Street SE, Calgary

    30 & 32 New Street SE Inglewood Calgary T2G 3X9
    Main Photo: 30 & 32 New Street SE, Calgary

    30 & 32 New Street SE Calgary T2G 3X9 Inglewood

    $2,250,000
    Residential
    Status:
    Active
    MLS® Num:
    A2228686
    Bedrooms:
    4
    Bathrooms:
    5
    Floor Area:
    2,792 sq. ft.
    Discover an extraordinary property in the heart of historic Inglewood, backing directly onto the Bow River with views and sounds of the Calgary Zoo. Situated on a massive 50' x 270' lot, this exceptional offering features both sides of a condominium duplex designed by the renowned architect Jack Long. Each side of the duplex showcases 16 foot vaulted ceilings, exposed beams, and upper-level lofts with full ensuites, creating unique and airy living spaces. The updated kitchens flow seamlessly into open concept living and dining areas with wood burning fireplaces, while fully finished basements offer additional comfort and flexibility. This is more than just a home—it's a future-forward investment. With subdivision potential and a Right of Way via Major Stewart Lane, offering access to the rear of the property, opening the door to a rare opportunity: build an additional residence backing directly onto the Bow River. Subject to City approval. Located in one of Calgary’s most walkable communities, you're steps from tree-lined streets, boutique shops, acclaimed restaurants, cozy cafés, vibrant craft breweries and pubs—including the iconic Hose and Hound—and extensive river pathways. Whether you choose to live in one side and rent the other, hold for future development, or build your dream riverfront home, this property delivers unmatched potential in a location that’s second to none. Don’t miss this once-in-a-lifetime chance to own a piece of riverfront paradise in Calgary’s most character-rich neighbourhood. More details
    Listed by Royal LePage Solutions
    LISTING DETAILS

  • 4835 Varsity Drive NW, Calgary

    4835 Varsity Drive NW Varsity Calgary T3A 1Y1
    Main Photo: 4835 Varsity Drive NW, Calgary

    4835 Varsity Drive NW Calgary T3A 1Y1 Varsity

    $1,349,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2227084
    Floor Area:
    2,836 sq. ft.
    This well kept bilevel 4 plex is located in Varsity community in northwest Calgary. Each unit is 706 sf (RMS) main level of and additional 641 sf on the lower level, 3 BR - 2 Bath with its own forced air furnace, hot water tank and electrical meters. 3 of the 4 units have been tastefully upgraded with vinyl plank flooring, new kitchen cabinets, kitchen counters and bathrooms. The 4th unit awaits your redecorating touch! The slightly sloped roof has a torch on roof which was installed in 2020. The tenants pay all utilities. There is plenty of parking in the rear of the building. This is a great location with nearby schools, access to public transportation, and access to U of C. More details
    Listed by Michael Fleming Realty Corp.
    LISTING DETAILS

  • 131 & 135 Cornerstone Avenue NE, Calgary

    131 & 135 Cornerstone Avenue NE Cornerstone Calgary T3N 1G7
    Main Photo: 131 & 135 Cornerstone Avenue NE, Calgary

    131 & 135 Cornerstone Avenue NE Calgary T3N 1G7 Cornerstone

    $1,320,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2226220
    Floor Area:
    3,179 sq. ft.
    ** Open House June 15, 1:00 pm to 3:00 pm **| Duplex w/ Legal Basement Suites | Separate Titles | Separate Entrances | Four Furnaces | Over 1550 sqft above grade each | Two Detached Double Garages | Welcome to an exceptional investment opportunity or the perfect setup for multi-generational living in the desirable Cornerstone NE community! This unique property boasts two separate titles, offering incredible flexibility. Each side of the duplex features over 1550 sqft above grade, 3 Bedrooms, and 2.5 bathrooms above grade, and includes a 1-bedroom legal basement suite with a 4-piece bathroom, providing excellent rental income potential or private spaces for extended family. With four separate furnaces, each unit enjoys its own independent heating system. Adding even more value are the two double detached garages, providing ample parking and storage. Both properties are fully fenced and landscaped for your enjoyment and convenience. Cornerstone is a vibrant and growing community known for its diverse architectural styles, numerous parks and playgrounds, and convenient access to the Calgary International Airport, a wide array of shopping destinations, diverse restaurants, and various schools catering to all ages. Don't miss this rare chance to own a versatile property in a well-connected and thriving neighborhood! Basements are registered with The City of Calgary, sticker # are 920 & 921. More details
    Listed by CIR Realty
    LISTING DETAILS

  • 447 Huntsville Crescent NW, Calgary

    447 Huntsville Crescent NW Huntington Hills Calgary T2K 4W3
    Main Photo: 447 Huntsville Crescent NW, Calgary

    447 Huntsville Crescent NW Calgary T2K 4W3 Huntington Hills

    $1,299,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2224832
    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, beautifully treed lot, 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. 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 – four-unit properties like this don’t come around often! More details
    Listed by RE/MAX Real Estate (Mountain View)
    LISTING DETAILS
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Data was last updated June 17, 2025 at 02:05 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.