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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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  • 11440 Elbow Drive SW, Calgary

    11440 Elbow Drive SW Southwood Calgary T2W 2E6
    Main Photo: 11440 Elbow Drive SW, Calgary
    $1,150,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2326477
    Floor Area:
    2,473 sq. ft.
    **LEGAL, PURPOSE-BUILT FOURPLEX | TURN-KEY MULTI-FAMILY INVESTMENT | WALK-OUT DUPLEX DESIGN | SEPARATELY METERED** Exceptional opportunity to own a legal, purpose-built fourplex in the highly desirable Southwest community of Southwood. This well-maintained, turnkey investment property features four self-contained 3-bedroom units, each with a private entrance, walk-out lower level, in-suite laundry, separate utilities, and individual metering—offering an attractive, low-maintenance investment for both seasoned and first-time investors. Each suite is equipped with its own dedicated furnace, hot water tank, full-size washer and dryer, and six newer appliances, all in good working order. The separately metered design helps minimize owner operating costs while providing convenience for tenants. The property includes four assigned parking stalls, each with an electrical plug-in, plus two visitor parking stalls. Conveniently located with excellent access to public transportation, the #37 City Bus stops just outside the property, while Anderson LRT Station is only four blocks away. Schools, shopping, parks, and everyday amenities are all just minutes from the doorstep, making this a highly desirable location for tenants. Proudly self-managed by the current owner, this property generates $67,200 in annual rental income. Two units are secured with one-year leases, while one exceptional long-term tenant of 11 years is currently on a month-to-month tenancy, as well as another long term tenant is also on a month to month tenancy providing stable cash flow and simplified property management. All units are in good clean condition. A rare opportunity to acquire a fully leased, income-producing multi-family property in an established, high-demand rental location. More details
    Listed by Comox Realty
  • 1832 17 Avenue NW, Calgary

    1832 17 Avenue NW Capitol Hill Calgary T2M 0S2
    Main Photo: 1832 17 Avenue NW, Calgary
    $2,950,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2326599
    Floor Area:
    4,463 sq. ft.
    Enhance your real estate portfolio with this premier new construction rental development in Capitol Hill, one of Calgary’s most desirable inner-city communities. Dp is ready !! Scheduled for completion in the end of 2027, this purpose-built investment property consists of two buildings featuring a total of eight rental suites. Each building includes a spacious upper unit with three bedrooms and 2.5 bathrooms, as well as a well-appointed lower unit offering one bedroom with kitchen and full bathroom. A four-car detached garage with lane access provides added convenience and tenant appeal. Strategically located near downtown Calgary, 17th Avenue, parks, transit, and shopping, the property is ideally positioned to attract quality tenants and command above-average rents. Investors will appreciate the thoughtful design, superior construction, and long-term rental potential of these townhomes.The development is distinguished by its low-maintenance Hardy board exterior, high-efficiency HVAC systems, and durable finishes throughout—ensuring reduced operating costs and long-term durability. These modern, well-designed units are tailor-made for consistent cash flow and minimal upkeep. Whether you're a seasoned investor or looking to diversify your holdings, this exceptional income-generating property offers the perfect blend of location, quality, and financial performance. For more information, contact us and take the next step toward securing a high-performing asset in Calgary’s thriving rental market. More details
    Listed by CIR Realty
  • 1001 McKinnon Drive NE, Calgary

    1001 McKinnon Drive NE Mayland Heights Calgary T2E 6A7
    Main Photo: 1001 McKinnon Drive NE, Calgary
    $1,049,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2324087
    Floor Area:
    2,144 sq. ft.
    LEGAL 4-PLEX | TURN-KEY INVESTMENT | SEPARATELY METERED | UNDER $1.1M Exceptional investment opportunity in desirable Mayland Heights. Rarely does a LEGAL 4-plex come to market at this price point in such a desirable area. Situated on a quiet street on a prime corner lot, this property features 4 SELF-CONTAINED UNITS WITH PRIVATE ENTRANCES, SEPARATE UTILITIES. The two upper units each offer approx 1,070 sq.ft. with spacious 3 BEDROOM layouts and 4-piece bathrooms. The two lower units are approx.. 990 sq.ft. each, both offering functional 2-bedroom layouts, with one featuring a 4-piece bath and the other a 3-piece bath. Each unit is equipped with its own dedicated furnace, hot water tank, gas meter, electrical meter, and PRIVATE LAUNDRY FACILITIES, providing convenience for tenants and simplified management for ownership. An ideal setup for investors seeking a low-maintenance income property. Outside, the property offers 6 PAVED OFF-STREET PARKING STALLS, 4 with plug-ins, plus PRIVATE FENCED YARD SPACE FOR EACH UNIT, a rare feature that further enhances tenant desirability. Excellent location just minutes to downtown Calgary, with easy access to schools, parks, shopping, transit, and major roadways. Whether you are expanding your portfolio or looking for a strong multi-family asset in a central location, this is an opportunity you do not want to miss. More details
    Listed by Century 21 Masters
  • 6813 Centre Street NW, Calgary

    6813 Centre Street NW Huntington Hills Calgary T2K 3K3
    Main Photo: 6813 Centre Street NW, Calgary
    $1,288,882
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2321604
    Floor Area:
    4,307 sq. ft.
    6813 Centre Street NW | Investor Alert! | Rare Opportunity To Own A Well-Maintained 4-Plex In The Highly Sought-After Community Of Huntington Hills | 4 Separate Titles | All Four Units Are Spacious 3 Bedroom 2 Bath Two Storey Corner Units | Offering Excellent Functionality For Families With In-Suite Laundry & Full Basement | Nestled On A Large Lot With Ample Parking In The Alley | Situated Close To Schools, Transit, Shopping & Deerfoot Trail | Fully Rented With Strong Cash Flow | No Inside Pictures Of Units | New Torch On Membrane Roof (2009) | New Exterior Windows & Doors (2008) | Newer Kitchen Counters & Cabinets & Bathroom Vanities. More details
    Listed by Real Broker
  • 638, 640 68 Avenue SW, Calgary

    638, 640 68 Avenue SW Kingsland Calgary T2V 0M9
    Main Photo: 638, 640 68 Avenue SW, Calgary
    $1,285,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2323950
    Floor Area:
    1,789 sq. ft.
    This is the sale of a 4 unit revenue property in excellent condition in Kingsland. The lower level units have secondary suite approval (638B- sticker 26267, 640 B - sticker 26266). 4 well maintained 2 BR units with an excellent rental history. All uits have had ongoing upgrades as needed. Chinook Mall and MacLeod Trail amenities are close by. This is a great property in a very good rental area. More details
    Listed by Michael Fleming Realty Corp.
  • 2457 22A Street NW, Calgary

    2457 22A Street NW Banff Trail Calgary T2M 3X8
    Main Photo: 2457 22A Street NW, Calgary
    $1,299,500
    Residential
    Status:
    Active
    MLS® Num:
    A2323007
    Bedrooms:
    8
    Bathrooms:
    6
    Floor Area:
    3,022 sq. ft.
    Spectacular duplex that offers investors a rare opportunity to acquire a fully furnished, cash-flowing four-unit property in a stronge rental location. Situated within walking distance of the U of C, Foothills hospital and the Banff Trail LRT Station, the property is fully leased and currently generates an excellent rental income. The property features 3,022 square feet above grade and an additional 1,270 square feet of developed basement space. The layout consists of two large three-bedroom spaces (main and upper level) along with two self-contained ( illegal)one-bedroom suites in the lower level. This mix of unit types appeals to a broad tenant base and helps support consistent occupancy. Both upper units have been updated with new white shaker kitchens featuring large islands, generous storage, and full appliance packages. Open-concept layouts, fireplaces, and large windows create bright and functional living spaces, while the upper unit benefits from vaulted ceilings. Each unit offers spacious bedrooms, including oversized primary bedroom with private ensuites. All bathrooms throughout the property have been renovated. The lower level contains two self-contained (illegal) one-bedroom suites, each with a private kitchen, bathroom, and living area. Large windows provide natural light, while durable tile flooring offers easy maintenance. Unit A has been upgraded with newer maple shaker cabinetry and updated bathroom fixtures. A key feature for both tenants and investors is the availability of laundry facilities on every level. Each upper suite has its own dedicated laundry room with full-sized washer and dryer, while the lower suites share separate laundry facilities. The property has been well maintained, with two high-efficiency furnaces installed in 2008 and serviced annually, along with two 40-gallon hot water tanks. Additional features include three private decks, a storage shed, and a large rear parking area accommodating up to four vehicles, with potential for additional tandem parking. With strong existing income, updated interiors, four revenue-generating suites, and a proven rental location, 2457 22A Street NW represents an excellent turnkey investment opportunity in Calgary's northwest market. More details
    Listed by Diamond Realty & Associates Ltd
  • 11129 - 11131 Sacramento Drive SW, Calgary

    11129 - 11131 Sacramento Drive SW Southwood Calgary T2W 0J5
    Main Photo: 11129 - 11131 Sacramento Drive SW, Calgary
    $1,095,000
    Residential
    Status:
    Active
    MLS® Num:
    A2324329
    Bedrooms:
    8
    Bathrooms:
    4
    Floor Area:
    2,031 sq. ft.
    Immaculate, Updated Side-by-Side Duplex in Southwood with great curb appeal Each place has its own washer and dryer. Located on a street with other duplexes. Rental Income for the 2 main floor legal suites is $3100/month. Rental amounts are currently under the going rate for the area. A 4-5 minute walk through a greenspace/park to Anderson LRT Station. Also walking distance to Southland Mall. Discover a meticulously cared-for, side-by-side duplex in a highly sought-after Southwood location. Owned and lovingly updated and maintained by the same couple for 20 years, this property offers bright, stylish two-bedroom suites with modern updates and reliable rental income. With its convenient access to transit, shopping, and schools, this is an exceptional opportunity for both owner-occupants and investors. Key features Well-kept two-bedroom suites, each with its own in-unit washer and dryer Updated kitchens with predominantly white finishes, modern appliances, and ample cabinetry Updated bathrooms. Brand-new roof installed November 2024 One furnace replaced about 6 years ago; reliable heating New railings on sun decks and new exterior side doors Main-floor suites feature brick fireplaces and vaulted ceilings for an inviting feel Oversized double garage plus concrete parking pads beside for ample off-street parking Full rectangular lot in a convenient, desirable area Prime location: 1.5 blocks off Elbow Drive; walking distance to Anderson LRT Station and Southland Mall Proximity to schools, shopping, parks, and amenities Consistent, high-demand rental property with historically strong occupancy More details
    Listed by RE/MAX House of Real Estate
  • 1727 12 Avenue SW, Calgary

    1727 12 Avenue SW Sunalta Calgary T3C 0R5
    Main Photo: 1727 12 Avenue SW, Calgary
    $1,390,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2323271
    Floor Area:
    3,076 sq. ft.
    Prime location in the core area of the city, west of the Downtown, close to amenities and revenue generating property in desirable community of Sunalta, Located just two blocks (a short walk) from the Sunalta C-Train Station, allowing for a quick, direct commute into Downtown Calgary with lots of shopping/dining options. Close to some of Calgary's best schools (Western Canada, Mount Royal, Sacred Heart), and nearby tennis courts for active living. This well maintained 2 storey. Both 2 story units feature 3 bedrooms and laundry; one with a full bath and 2 piece ensuite, the other with a full bath, 3 piece ensuite, and 2 piece powder room on the main floor. Basement units (2 bed/1 bath and 1 bed/1 bath) include private access from common entry way/landing and shared laundry room. 4 parking stalls accessible from rear laneway. This well maintained 2 storey, four unit building is zoned M-CG d111 with potential annual revenue over $72000 approximately. Steps away from parks, a wide variety of restaurants, and multiple local grocers. Great opportunity for Investors and Builders. Concrete Parking pad for 3 vehicles accessible through back alley . More details
    Listed by Prep Realty Inc.
  • 196 Gordon Drive SW, Calgary

    196 Gordon Drive SW Glamorgan Calgary T3E 3W6
    Main Photo: 196 Gordon Drive SW, Calgary
    $1,250,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2322917
    Floor Area:
    2,514 sq. ft.
    A rare opportunity to acquire a purpose-built 4plex in the established community of Glamorgan, sitting on a 7,490 sq ft M-C1 zoned lot. The building features two upper-level 3-bedroom, 1-bathroom units and two lower-level 2-bedroom, 1-bathroom units, all four fully tenanted and generating combined gross rent of $6,500/month ($78,000/year). Every unit has its own dedicated laundry and is individually metered for electricity, water, and gas, meaning tenants handle their own utilities entirely with no landlord involvement required. All four units are also equipped with high-efficiency furnaces. The M-C1 zoning adds long-term upside with flexibility for future redevelopment, while the Glamorgan location offers convenient access to Mount Royal University, Westhills/Signal Hill retail, and major routes including Glenmore Trail and Sarcee Trail. A turnkey, low-hassle income property for investors seeking stable cash flow with minimal day-to-day management. More details
    Listed by eXp Realty
  • 7528 and 7526 35 Avenue NW, Calgary

    7528 and 7526 35 Avenue NW Bowness Calgary T3B 1T5
    Main Photo: 7528 and 7526 35 Avenue NW, Calgary
    $849,900
    Residential
    Status:
    Active
    MLS® Num:
    A2322589
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,287 sq. ft.
    Potential, Potential, POTENTIAL!!! Only the 2nd owner in over 40 years and this property has generated fantastic returns and remains today, a great revenue producing, money maker! This is a full SxS Bi-level brick faced duplex, featuring 3 bedrooms, one full and one half baths per side, located on a large 50x123 R-CG lot, on a very quiet street in the heart of Bowness! The main floor offers a bright and open floor plan featuring vaulted ceilings and main floor laundry. There are balconies right off the kitchens (on both sides). The lower level has 3 bedrooms and the 4-pce bath. Both sides have newer H/W tanks and F/A furnaces. The right side (or 7526) was recently renovated, newer carpet, lino and bath room updates. There is also a double car garage in need of a little TLC, each tenant shares half. Tenants rights apply!! The 7526 side tenants are on a month to month tenancy at $1,700/month plus utilities and the 7528 side is on a fixed term lease until August 2027 at $2,000/month plus utilities. Excellent location, a short walk to the new Superstore, across from Trinity Hills Box stores, two minutes away from the Calgary Farmer's Market in the Greenwich community, only 5 minutes away from two hospitals, a short commute to downtown and easy access west to the mountains! Note: INTERIOR measurements are for ONE SIDE only. Hurry on this great, affordable investment!!! More details
    Listed by RE/MAX House of Real Estate
  • A,B 319 37 Street SW, Calgary

    A,B 319 37 Street SW Spruce Cliff Calgary T3C 1R5
    Main Photo: A,B 319 37 Street SW, Calgary
    $1,025,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2321623
    Floor Area:
    1,645 sq. ft.
    Opportunities like this are becoming increasingly difficult to find. Situated on a generous 50 x 120 ft lot, this full side-by-side duplex offers an exceptional combination of flexibility, functionality, and long-term potential in a highly desirable inner-city location. Whether you're an investor looking to expand your portfolio, an owner-occupier hoping to offset your mortgage, or a family seeking space for multiple generations under one roof, this property offers options that can evolve with your needs. Each side features a thoughtfully designed main floor with two spacious bedrooms, a full bathroom, bright living areas, and practical kitchen layouts that feel comfortable and easy to live in. Side A has a fully developed basement that adds incredible versatility, including a third bedroom, a large recreation room, a three-piece bathroom, laundry, and ample storage space. The second side offers a full unfinished basement, providing a blank canvas for future development and the opportunity to significantly increase both functionality and value. The detached double garage is complemented by a finished office space that is hardwired for internet, creating the ideal setup for remote work, a home business, a private studio, or dedicated workspace separate from the main living areas. Important mechanical updates have already been completed, including furnaces replaced in 2020 and 2023, along with new blinds throughout, allowing the next owner to move in with confidence. The location is equally impressive. Enjoy quick access to golf courses, parks, playgrounds, schools, shopping, transit, major commuter routes, and Calgary's downtown core, placing everyday conveniences just minutes from your doorstep. Properties that offer this level of flexibility are exceptionally rare. Live in one side and rent the other, accommodate extended family, create a long-term investment strategy, or maximize future development opportunities on this sizeable inner-city lot. This is a property that offers not only immediate enjoyment, but the ability to adapt and grow alongside your future plans. More details
    Listed by eXp Realty
  • 2404 & 2406 Richmond Road SW, Calgary

    2404 & 2406 Richmond Road SW Richmond Calgary T2T 5E4
    Main Photo: 2404 & 2406 Richmond Road SW, Calgary
    $999,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2321953
    Floor Area:
    1,705 sq. ft.
    2404 & 2406 Richmond Road SW. Excellent side-by-side, full-duplex in a premium Calgary neighborhood. Situated on a large 586 square meter R-CG zoned corner lot (H-GO optional)! Due to its unique lot shape, location, and laneway corner, this lot has superb redevelopment potential. Already in an approved LAP (local area plan), this option for H-GO zoning allows for greater build height, density, and stacked developments. With 90' of frontage, plus the laneway corner aspect, entrances & parking features can be placed in many more formats than on a traditional lot. Both sides of the duplex mirror each other, featuring numerous updates throughout including mechanical systems, roofing, stainless steel appliances, quartz countertops, cabinetry, & other finishes. 2 bedrooms up on each side, with developed basements & large mechanical/storage areas. Both units feature fully fenced & private yards with sunny South exposure. The pride of ownership is evident throughout, highlighted by the proven income history of these two properties. Completely turn-key and ready for the next owner. Offering not only excellent revenue potential but also an attractive opportunity for owner-occupied mortgage help. Located in a prime location encompassing all the inner city has to offer including multiple schools nearby, shopping, trendy nightlife and restaurants, and easy access to major amenities like MRU, U of C, SAIT, Foothills Hospital, Chinook Mall, & more! Rarely do properties like this come for sale. Can also be purchased along with the next door property (2408) for a combined frontage of 145'! Over $62,000 annual income. More details
    Listed by RE/MAX Complete Realty
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Data was last updated July 7, 2026 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. 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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