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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

    $1,289,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2356549
    Floor Area:
    2,346 sq. ft.
    ATTENTION CALGARY REAL ESTATE INVESTORS! Discover an opportunity to own a fully conforming, four-unit residential investment property in the heart of Bowness. Whether you are expanding an established portfolio or seeking a multi-family property with room to grow, 6131 Bowness Road NW offers a combination of existing rental income, a proven rental history and future upside. Built in 1969, this impeccably maintained Four-plex features three, three-bedroom suites and one, two-bedroom suite, an attractive unit mix that appeals to a broad range of tenants. All four residences are accessed from an upgraded central interior hallway, with a shared laundry room in the basement. A rear parking pad provides four off-street parking spaces. The building is heated by a central gas-fired hot-water boiler that has been serviced annually, and improvements to attic ventilation, including vents and fans, were completed in 2025. The potential extends beyond existing income. One of the three-bedroom suites has been renovated, demonstrating the potential to reposition additional units over time and pursue increased rental revenue as leases turn over and market conditions permit. For a long-term investor, the opportunity to thoughtfully modernize the remaining interiors creates an appealing path to enhancing tenant experience and strengthening income performance. Opportunities to review utility arrangements and common-area laundry operations to improve efficiency and revenue, applicable requirements and tenant agreements. Location adds another layer of appeal. Bowness is one of Calgary's most established northwest communities, known for its neighbourhood character, local businesses, restaurants, shops and access to outdoor recreation. Transit, major routes and the Bow River pathway network are accessible, with Bowness Park nearby. The setting offers tenants a practical balance of everyday amenities and access to destinations across northwest Calgary. With four existing rental units, dedicated parking, shared laundry and a flexible suite mix, this property provides an established foundation for investors to evaluate. Rather than relying on a speculative development concept, buyers can consider an operating rental property today alongside a range of potential improvements for tomorrow. An investor information package, including an illustrative income and expense analysis and potential value-add scenarios, is available for qualified buyers to review. Opportunities to acquire a fully conforming Four-plex with this combination of current utility and future potential deserve a closer look. The appeal is in the added flexibility: maintain the existing rental operation while considering a phased improvement strategy that aligns with tenant turnover, available capital and long-term investment objectives. Explore what 6131 Bowness Road NW could contribute to your Calgary real estate investment portfolio. Ask for the investor package and details. More details
    Listed by Real Broker
    LISTING DETAILS

  • 7407 36 Avenue NW, Calgary

    7407 36 Avenue NW Bowness Calgary T3B 1V2
    Main Photo: 7407 36 Avenue NW, Calgary

    7407 36 Avenue NW Calgary T3B 1V2 Bowness

    $1,150,000
    Residential
    Status:
    Active
    MLS® Num:
    A2356467
    Bedrooms:
    10
    Bathrooms:
    4
    Floor Area:
    2,017 sq. ft.
    Exceptional Turnkey Fourplex Investment in Bowness! Rare opportunity to acquire a fully rented, income-producing fourplex in one of Calgary’s most desirable and established communities. This well-maintained property features two renovated 3-bedroom main-floor units and two legal 2-bedroom basement suites with oversized windows and abundant natural light. Each suite offers a spacious open-concept layout, generous living areas, ample storage, and its own private laundry facilities. With over 3,900 sq. ft. of developed living space and four high-efficiency furnaces, this property is designed for reliable, low-maintenance ownership. Long-term, respectful tenants are already in place and have expressed interest in remaining, providing immediate and stable cash flow for investors. Significant recent upgrades include full renovations to the main-floor units, while the lower suites remain in excellent condition. Ideally located near schools, shopping, public transit, Bowness Park, the Farmers’ Market, and the Bow River, with quick access to downtown Calgary and the Rocky Mountains. Situated outside the flood zone, this is an outstanding opportunity to secure a quality multi-family asset with strong rental appeal and long-term growth potential. A truly turnkey addition to any investment portfolio. More details
    Listed by Coldwell Banker YAD Realty
    LISTING DETAILS

  • 2111 5 Avenue NW, Calgary

    2111 5 Avenue NW West Hillhurst Calgary T2N 0S6
    Main Photo: 2111 5 Avenue NW, Calgary

    2111 5 Avenue NW Calgary T2N 0S6 West Hillhurst

    $649,900
    Residential
    Status:
    Active
    MLS® Num:
    A2355729
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    896 sq. ft.
    Located in sought-after West Hillhurst, this up-and-down duplex offers an exceptional inner-city opportunity, with flexibility to rent both the upper and lower living areas or live in one and rent the other. Each living area has its own private entrance and full kitchen, with two bedrooms upstairs and one downstairs. Both living areas are vacant, allowing for immediate possession. Set on a 37.5' x 130' R-C2 lot, the property features a large, fully fenced backyard, a large back deck, and a detached double garage with rear lane access. The R-C2 zoning and lane access add appeal from a future site-planning perspective. The front deck and railings have been recently updated, the main floor and basement both have brand-new flooring, and the entire property has been freshly repainted. A grocery store is nearby on Kensington Road, along with Kensington’s independent shops, cafes and restaurants. Queen Elizabeth School and Queen Elizabeth High School are nearby, as is the West Hillhurst Community Association, offering an arena, gymnasium, fitness centre, squash, tennis and pickleball facilities. The Bow River pathway system and Sunnyside CTrain Station are also close by, with convenient access to downtown Calgary and Foothills Medical Centre. More details
    Listed by RE/MAX First
    LISTING DETAILS

  • 3542 43st, 4318,4320,4322 35 Avenue SW, Calgary

    3542 43st, 4318,4320,4322 35 Avenue SW Glenbrook Calgary T2E 1B1
    Main Photo: 3542 43st, 4318,4320,4322 35 Avenue SW, Calgary

    3542 43st, 4318,4320,4322 35 Avenue SW Calgary T2E 1B1 Glenbrook

    $3,299,800
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2355689
    Floor Area:
    5,146 sq. ft.
    FULLY COMPLETED, BRAND NEW 8-PLEX!! Sitting on a CORNER LOT on a quiet street in Glenbrook! THIS BRAND NEW MULTI-FAMILY BUILDING HAS BEEN COMPLETED WITH INCREDIBLE QUALITY, HIGH-END FINISHINGS, AND AMAZING WORKMANSHIP! This property would qualify for the CMHC MLI SELECT PROGRAM! All 8 units have their own municipal address, separate utilities/separate meters, their own above ground entrances, and separate laundry. Total of 14 BEDROOMS & 16 BATHROOMS. There is a massive 4 car garage to accommodate the 4 upper units! The two upper middle units consist of 3 Bedrooms, and 2.5 Bathrooms each, while the two upper end units come with a double master floor plan, each with their own en-suite bathrooms and an additional half-bath. All 4 lower units are 1 bed/1 bath with 9ft ceilings!! More details
    Listed by CIR Realty
    LISTING DETAILS

  • 915 18 Avenue SE, Calgary

    915 18 Avenue SE Ramsay Calgary T2G 1L4
    Main Photo: 915 18 Avenue SE, Calgary

    915 18 Avenue SE Calgary T2G 1L4 Ramsay

    $1,185,000
    Residential
    Status:
    Active
    MLS® Num:
    A2355177
    Bedrooms:
    8
    Bathrooms:
    3
    Floor Area:
    3,273 sq. ft.
    An extraordinary inner-city investment opportunity has arrived in historic Ramsay! Positioned on a rare and expansive 2 1/2 lots in a prime inner-city location, this unique multi-unit property combines massive revenue potential, versatile layouts, and exceptional long-term value, all just minutes from downtown, Scotsman’s Hill, and Inglewood. Property Highlights: The Land & Location: Spanning 2 1/2 lots on a quiet, tree-lined street, this expansive footprint offers fantastic outdoor space, superb privacy, and incredible future development or holding potential. The Upper Suite (3 Bedrooms): Freshly completed with a stunning $130,000 high-end renovation, this turnkey luxury suite shows to absolute perfection. Featuring 3 spacious bedrooms, premium finishes, modern aesthetics, a cozy gas fireplace for cooler evenings, and top-tier rental appeal. The Lower Suite (3 Bedrooms): Bright and inviting, this lower-level suite offers 3 bedrooms, large windows flooding the space with natural light, a cozy gas fireplace, and walk-out French doors leading directly onto a sunny south-facing patio. The Main Character Home: A charming 2-bedroom character home featuring a warm, functional layout and its own private outdoor space. The Parking: A standout inner-city asset—a separate oversized triple garage featuring individual oversized parking dimensions for each unit, plus ample storage. The Lifestyle & Investment: Step outside and enjoy the best of Calgary’s urban lifestyle within walking distance of trendy local cafes, craft breweries, river pathways, and future transit. Whether you are looking for a high-yield multi-family revenue asset, a multi-generational setup, or a strategic land hold in one of the city's most coveted communities, this property delivers unmatched versatility. Schedule your private viewing today! More details
    Listed by Real Estate Professionals Inc.
    LISTING DETAILS

  • 516 20 Avenue SW, Calgary

    516 20 Avenue SW Cliff Bungalow Calgary T2S 0E8
    Main Photo: 516 20 Avenue SW, Calgary

    516 20 Avenue SW Calgary T2S 0E8 Cliff Bungalow

    $795,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2352963
    Floor Area:
    1,748 sq. ft.
    $5685/ month rental income. Located 50 meters off the busy 4th Street Main Street District. The subject properties are locatedmid-block in the community of Cliff Bungalow on the north side of 20th Avenue SW. Business District, the Main Street Commercial Corridors off 4th Street SW and 17th 5 one bedroom self contained suites. Updated units with excellent tenant profiles. Located mid-block on 20th avenue which has already undergone re-development. A great opportunity to hold or move forward with a new build. More details
    Listed by RE/MAX Realty Professionals
    LISTING DETAILS

  • 514 20 Avenue SW, Calgary

    514 20 Avenue SW Cliff Bungalow Calgary T2S 0E8
    Main Photo: 514 20 Avenue SW, Calgary

    514 20 Avenue SW Calgary T2S 0E8 Cliff Bungalow

    $895,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2352962
    Floor Area:
    2,110 sq. ft.
    $5090/ month net rent. 5 one bedroom self contained suites located in heart of Mission. Updated units with excellent tenant profiles. Located mid-block on 20th avenue which has already undergone re-development. A great opportunity to hold or move forward with a new build. More details
    Listed by RE/MAX Realty Professionals
    LISTING DETAILS

  • 151/153 Lissington Drive SW, Calgary

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

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

    $1,549,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2354936
    Floor Area:
    6,006 sq. ft.
    ATTENTION BUILDERS, DEVELOPERS, AND INVESTORS! Skip the lengthy planning and design process. This prime North Glenmore Park development site comes with a City-approved Development Permit (DP) for a lucrative 4-unit townhouse project. The engineered plans feature approximately 8,466 sq. ft. of total developed area, showcasing approximately 5,964 sq. ft. of above-grade living space, plus a detached 4-car garage. Situated on a premium approximately 6,083 sq. ft. R-CG zoned lot, this property is perfectly positioned in one of Calgary’s premier, high-demand inner-city SW communities. The location offers massive future resale and rental appeal—steps from the Glenmore Reservoir, extensive park and pathway systems, top-tier schools, Mount Royal University, local shopping, and quick commuter routes. DP approved, 4 units, plans ready, and prime inner-city location. This is a rare, turn-key opportunity to secure a substantially advanced development project and move straight toward construction. Full building plans are available for immediate review. More details
    Listed by LPT Realty
    LISTING DETAILS

  • 211/213 43 Avenue SW, Calgary

    211/213 43 Avenue SW Parkhill Calgary T2S 1B1
    Main Photo: 211/213 43 Avenue SW, Calgary

    211/213 43 Avenue SW Calgary T2S 1B1 Parkhill

    $950,000
    Residential
    Status:
    Active
    MLS® Num:
    A2353581
    Bedrooms:
    6
    Bathrooms:
    2
    Floor Area:
    2,435 sq. ft.
    Explore the possibilities of this FULL DUPLEX, sitting on an outstanding 50-foot x 120-foot RC2 lot in the centrally located community of Parkhill. The property is move in ready including a total of 6 bedrooms, 2 bathrooms, beautiful hardwood floors, vinyl windows and New Asphalt shingles (roof) in 2026. Be sure to bring your imagination as you explore the options that this property presents for both short term or long term possibilities. Multi-generational living, immediate rental income or adding to your investment portfolio are all options when you own a property like this. Enjoy an excellent location within walking distance to the Stampede grounds, or to Stanley Park, which includes playgrounds, an outdoor pool and tennis courts. Enjoy convenient access to nearby amenities, public transit, and Chinook Mall, all making living here so much better. A rare opportunity to secure a versatile property in an established inner-city neighbourhood with outstanding potential! More details
    Listed by eXp Realty
    LISTING DETAILS

  • 4607 17 Avenue NW, Calgary

    4607 17 Avenue NW Montgomery Calgary T3B 0P2
    Main Photo: 4607 17 Avenue NW, Calgary

    4607 17 Avenue NW Calgary T3B 0P2 Montgomery

    $2,299,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2352416
    Floor Area:
    5,533 sq. ft.
    Welcome to 4607 17th Avenue NW! An excellent opportunity for investors or owner-occupiers alike, this four-unit property offers spacious living and exciting future potential. Building plans are already made and available for basement development, providing an opportunity to further enhance each unit and unlock additional value. Live in one unit while generating rental income from the remaining three, or add this property to your investment portfolio and rent all four units. Ideally situated between Trans-Canada Highway and Bowness Road, the property offers convenient access to local shops, public transit, downtown Calgary and destinations west of the city. With an appealing combination of location, income potential and future upside, this is an opportunity worth exploring. More details
    Listed by Manor Hill Realty YYC Inc.
    LISTING DETAILS

  • 2658 11 Avenue SE, Calgary

    2658 11 Avenue SE Albert Park/Radisson Heights Calgary T2A 0E3
    Main Photo: 2658 11 Avenue SE, Calgary

    2658 11 Avenue SE Calgary T2A 0E3 Albert Park/Radisson Heights

    $975,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2352774
    Floor Area:
    1,932 sq. ft.
    INVESTMENT ALERT! THREE LEGAL RENTAL SUITES, UPDATED SIDE-BY-SIDE DUPLEX! CORNER REDEVELOPMENT LOT OVERSIZED DOUBLE GARAGE! Over 3600 sqft of developed space with 8 bedrooms and 2 Dens! Whether you’re looking for a mortgage helper or an income-generating investment property with one side bringing in $3450 and extra income potential for a full additional side! This unique property in Albert Park offers an excellent combination of rental income potential, extensive recent upgrades, and future redevelopment potential. Situated on an impressive 50’ x 120’ corner lot on a desirable street, the property features a double detached garage, separate basement entrances, and three legal living spaces. One side offers a full bi-level home, ideal for an owner-occupant looking to offset their mortgage with rental income, while the other features an upper-level residence and a legal basement suite, providing multiple income opportunities. The property has undergone over $100,000 in recent renovations and improvements, offering added value and peace of mind for the next owner. The interiors feature modern, refreshed living spaces with contemporary finishes throughout all three units. Updates include modern wide-plank luxury vinyl flooring, fresh paint, updated lighting and window coverings, two new high-efficiency furnaces, two new hot water tanks, numerous replacement windows, and added attic insulation. Numerous additional interior improvements further enhance the overall appeal. Numerous exterior improvements have also been completed, enhance the property’s curb appeal and functionality. Conveniently located with quick access to downtown, major roadways, transit, and everyday amenities, this is an excellent opportunity for investors seeking rental income, homeowners looking for a mortgage helper, or buyers exploring the long-term potential of a large corner lot in an established inner-city community. With three legal rental suites, modern updated interiors, substantial recent upgrades, and future redevelopment potential, this property offers exceptional versatility for both investors and owner occupants alike! More details
    Listed by The Real Estate District
    LISTING DETAILS

  • 1612 24 Avenue NW, Calgary

    1612 24 Avenue NW Capitol Hill Calgary T2M 1Y6
    Main Photo: 1612 24 Avenue NW, Calgary

    1612 24 Avenue NW Calgary T2M 1Y6 Capitol Hill

    $1,400,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2352377
    Floor Area:
    4,000 sq. ft.
    With four legal units already in place, substantial land, excellent condition and a prime location, this is a compelling opportunity to add four doors to your portfolio in one strategic purchase. A carefully maintained and exceptionally well-kept fourplex on an impressive 7,787 sq.ft. lot in one of Calgary’s most connected inner-city communities. Enjoy easy access to Confederation Park and Golf Course, Capitol Hill School, SAIT, the University of Calgary, North Hill Centre, Lions Park LRT, Foothills Medical Centre and Downtown Calgary. The property features four legal up-and-down suites and has been thoughtfully cared for over the years. Three suites are currently rented while the fourth is owner-occupied, creating additional rental upside. More details
    Listed by Real Broker
    LISTING DETAILS
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Data was last updated November 6, 2026 at 08:05 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.