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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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  • 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

    $1,150,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2335764
    Floor Area:
    3,190 sq. ft.
    Rare opportunity to own a 2-storey legal 4-plex (2 front + 2 back) with 4 Separate meters and 5 parking stalls 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

  • 715 5 Street NE, Calgary

    715 5 Street NE Renfrew Calgary T2E 3W7
    Main Photo: 715 5 Street NE, Calgary

    715 5 Street NE Calgary T2E 3W7 Renfrew

    $1,200,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2335405
    Floor Area:
    2,384 sq. ft.
    Excellent investment opportunity in the established community of Renfrew, just minutes from downtown Calgary. 50 x 120 M-C2 lot with views of downtown. This property features four identical bilevels (A through D). Rare 3-bedroom units are easy to rent! Recent updates include all furnaces in 2018, updated kitchens, and tile and vinyl flooring in most units within the last 10 years, the property has vinyl windows and newer doors but the age is unknown. The main floor of each unit features a bright, open layout with vaulted ceilings, a spacious living room with a wood burning fireplace, a separate dining area, and a well-designed kitchen. The lower levels offer 3 bedrooms, a 4 piece bathroom, and a laundry + mechanical room. Vinyl plank flooring and tile provide durability and easy maintenance throughout. This is an excellent opportunity to own a well-located income property close to downtown Calgary with lots of future potential. Separate utility meters on all 4 units. Gross annual income is $80,400. Projected annual income with increased rents is 90,000. More details
    Listed by Century 21 Masters
    LISTING DETAILS

  • 612 12 Avenue NE, Calgary

    612 12 Avenue NE Renfrew Calgary T2E 1B1
    Main Photo: 612 12 Avenue NE, Calgary

    612 12 Avenue NE Calgary T2E 1B1 Renfrew

    $3,000,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2336027
    Floor Area:
    4,968 sq. ft.
    Exceptional Investment Opportunity in Renfrew Brand-New, High-Yield 8Plex. An extraordinary opportunity to elevate your real estate portfolio with this architecturally stunning 8plex, perfectly situated in the heart of Renfrew; one of Calgary’s most desirable inner-city communities. Celebrated for its central location, strong rental demand, and vibrant urban atmosphere, Renfrew provides the ideal backdrop for this purpose-built, income-generating asset. This newly constructed property features four meticulously designed townhomes, each offering 3 spacious bedrooms and thoughtfully crafted living spaces. Complementing each residence are fully legal 2-bedroom basement suites, bringing the total to eight separate rental units; each with its own private entrance. This rare configuration delivers exceptional cash-flow potential and long-term investment flexibility. The exterior architecture blends timeless design with modern sophistication featuring clean lines, premium exterior finishes, and a refined, cohesive colour palette that creates a boutique-style appearance rarely seen in multi-family developments. Professional landscaping, contemporary lighting, and an elegant facade further enhance the property’s striking presence. Quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and oversized energy efficient windows create bright, modern interiors designed to attract quality tenants while minimizing ongoing maintenance costs. Strategically located just minutes from downtown Calgary, this exceptional property offers quick access to major highways, public transit, Renfrew aquatic centre, schools, restaurants, and everyday amenities making it highly attractive to both tenants and investors alike. Eligible for CMHC Select Financing, this is a rare opportunity to secure a turnkey, high-performance multi-family asset in one of Calgary’s strongest rental markets. Don’t miss your chance to own one of Calgary’s most visually striking and intelligently designed investment properties. Contact us today for additional information or to arrange a private tour. (PLEASE NOTE: PHOTOS ARE FROM A DIFFERENT PROJECT BY THE SAME BUILDER) More details
    Listed by Royal LePage METRO
    LISTING DETAILS

  • 2029 & 2031 35 Street SW, Calgary

    2029 & 2031 35 Street SW Killarney/Glengarry Calgary T3E 2X5
    Main Photo: 2029 & 2031 35 Street SW, Calgary

    2029 & 2031 35 Street SW Calgary T3E 2X5 Killarney/Glengarry

    $1,190,000
    Residential
    Status:
    Active
    MLS® Num:
    A2334415
    Bedrooms:
    6
    Bathrooms:
    4
    Floor Area:
    1,995 sq. ft.
    Full-duplex investment opportunity in the established inner-city community of Killarney/Glengarry! Offered for sale as one property, 2029 and 2031 35 Street SW provide approximately 1,995 sq. ft. above grade, with both sides developed into two living spaces for a total of four units. Each bright upper residence offers two bedrooms, one full bathroom, a spacious living and dining area, a functional kitchen and in-suite laundry. Character details include hardwood flooring, generous windows and distinctive wood-plank ceilings with exposed beams. The lower levels are each arranged as an illegal one-bedroom suite, complete with a kitchen, full bathroom, living area, laundry, storage and a generously sized bedroom. With six bedrooms, four bathrooms, four kitchens and four laundry areas in total, the property offers excellent flexibility for investors, multi-generational households or buyers looking to occupy one unit while generating rental income from the others. Three of the four units are currently tenant occupied, providing immediate rental income from possession, while the vacant unit offers flexibility for an owner-occupier or new tenant placement. This established rental configuration creates an appealing opportunity for investors seeking a largely turnkey income property without starting from an entirely vacant building. Situated on an approximately 15.29 x 36.54 metre lot, or approximately 50 x 120 feet, with rear-lane access. The property may also offer future redevelopment or subdivision potential, subject to buyer verification and municipal approval. Located on a mature residential street with convenient access to transit, shopping, schools, parks, major routes and downtown Calgary. An outstanding opportunity to hold, rent, renovate or explore future redevelopment potential in a desirable inner-city community. More details
    Listed by RE/MAX Complete Realty
    LISTING DETAILS

  • 11268 6 SW, Calgary

    11268 6 SW Southwood Calgary T2W 1V9
    Main Photo: 11268 6 SW, Calgary

    11268 6 SW Calgary T2W 1V9 Southwood

    $1,280,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2335391
    Floor Area:
    1,967 sq. ft.
    Turn key investment property near Anderson C-Trian Station. Amazing opportunity to own a solid 4 Plex with a Quad detached garage in Southwood. All the units have been renovated in past 2 years. Each unit has it's own laundry. Unit 1, 3 and 4 have: Kitchen, Dinning, Living room, Den, Laundry and half Bathroom on Main Floor; 2 Bedrooms, 1 Full Bathroom and Utility room in Basement. Unit 2 has: Kitchen, Dinning, Living room, Laundry, Storage room on Main Floor; 2 bedrooms and 1 Bathroom and utility room in Basement. There are plenty of street and back lane parking spaces around the property. It's near schools, shopping centers and easy off to major road, always easy to rent out. Fully rented with total rent of $6650, tenants pay their own utilities. More details
    Listed by Evertrust Realty
    LISTING DETAILS

  • 14 Rosetree Crescent NW, Calgary

    14 Rosetree Crescent NW Rosemont Calgary T2K 1M9
    Main Photo: 14 Rosetree Crescent NW, Calgary

    14 Rosetree Crescent NW Calgary T2K 1M9 Rosemont

    $1,399,999
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2332942
    Floor Area:
    1,957 sq. ft.
    Rare 4 unit Full Duplex on the largest lot in Rosemont (11,485 SF) delivering exceptional cash flow today and a premier redevelopment play tomorrow. You cannot beat $135,000 of annual gross revenue, creating $70,000 of net operating income. Plus a detached triple garage, sitting on one of the most coveted crescents in this premiere inner-city NW community. 14 Rosetree is built for investors: two long-term tenancies (with excellent tenants who would like to stay) provide base income (in the main floor unit and the non-confoming basement suite of 14A Rosetree), while two fully furnished short-term rentals (14 Rosetree, unit #1 [main floor] and unit #2 [legalized basement suite]) create significant positive cash flow. 2025 net operating income of $70,725 on $135,108 gross revenue, a 5.05% cap rate, and a turnkey operating system in place. The current owner/managers are Airbnb Super Hosts & VRBO Premier Hosts and can provide the prospective buyer the blueprint to manage this property with automated systems. Over $130,000 in capital improvements completed since 2022, including a completely renovated and legalized basement suite. The real enduring value is the land. At 11,485 SF, this is basically two full city lots and one of the rare inner-city parcels that supports future redevelopment into two luxury homes, offering long-term optionality that few cash-flowing assets can match. Unbeatable location minutes from Confederation Park, SAIT, Foothills Hospital, University of Calgary and downtown, with the airport roughly 20 minutes via Deerfoot. Cash flow now. Redevelopment later. A truly rare inner-city hold. Please view video and 3D property tour to get a sense of all the units. More details
    Listed by Real Broker
    LISTING DETAILS

  • 2431 & 2429 26 Street SW, Calgary

    2431 & 2429 26 Street SW Killarney/Glengarry Calgary T3E 2A6
    Main Photo: 2431 & 2429 26 Street SW, Calgary

    2431 & 2429 26 Street SW Calgary T3E 2A6 Killarney/Glengarry

    $1,200,000
    Residential
    Status:
    Active
    MLS® Num:
    A2326037
    Bedrooms:
    6
    Bathrooms:
    4
    Floor Area:
    1,954 sq. ft.
    H-GO ZONING | 4 LEGAL SUITES ON 1 TITLE (2 UP, 2 DOWN) | 125 X 50 FT WEST BACKYARD LOT | APPROX. 5.30% CAP RATE | FULLY OCCUPIED AND PROFESSIONALLY MANAGED | Excellent revenue generating 4 plex in the highly sought after inner city community of Killarney. This property offers outstanding return on investment potential with an approximate 5.30% cap rate and is fully occupied with professional management already in place, making it a true turnkey investment opportunity. The lower suites have been fully renovated and were recently leased for $1,325 and $1,550 per month, while the upper suites are currently rented for $2,075 per month each. Each unit features its own updated electrical panel, separate laundry, and a fireplace (chimneys capped), along with numerous additional updates throughout. Outside you’ll find a double garage along with additional rear parking stalls on the large west facing 125 x 50 ft lot. Over the past few months the sellers have completed approximately $35,000 in roofing improvements with warranty (2-ply SBS torch-on), invested approximately $12,000 in new flooring throughout the property, trimmed all of the exterior vegetation to improve the landscaping, and repainted the fence, further enhancing the property’s curb appeal. An exceptional opportunity to add a strong cash flowing asset to your investment portfolio. Link to Investor Package and photos of the new roof in listing. More details
    Listed by RE/MAX House of Real Estate
    LISTING DETAILS

  • 3803 4 Avenue SW, Calgary

    3803 4 Avenue SW Spruce Cliff Calgary T3C 0B5
    Main Photo: 3803 4 Avenue SW, Calgary

    3803 4 Avenue SW Calgary T3C 0B5 Spruce Cliff

    $935,000
    Residential
    Status:
    Active
    MLS® Num:
    A2333327
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    1,886 sq. ft.
    Incredible opportunity to own a full duplex on a single title in the established and desirable southwest community of Spruce Cliff. Situated on a corner lot surrounded by mature trees and a generous front yard, this well-maintained property features two bungalow-style units and offers exceptional flexibility for investors, multi-generational families, or buyers looking to live in one side while generating rental income from the other. The property also offers excellent potential to develop two self-contained secondary suites, subject to City of Calgary approval, creating even greater long-term rental income opportunities. The east side offers over 1,000 square feet above grade with a spacious living room, a functional kitchen, three comfortable bedrooms, and a four-piece bathroom. The fully developed basement expands the living space with a spacious recreation room with flexible space for a family room, games area, home office, or gym. A utility room with laundry and a laundry sink, along with a separate storage room, provides excellent everyday functionality. Outside, the fully fenced south-facing yard includes a storage shed, a generous grassy area with mature landscaping and flowers, and a paved off-street parking pad for two small vehicles. The west side offers over 845 square feet above grade and features a bright living room, a well-appointed kitchen, two bedrooms, and a four-piece bathroom. The unfinished basement offers excellent storage and future development potential. Outside, you'll find a fully fenced southwest-facing yard with a concrete patio, storage shed, and spacious grassy area. The property also includes a long paved double parking pad that can accommodate four vehicles or two vehicles and a large RV. There's also ample unrestricted street parking available. Each unit offers its own private entrance and outdoor space, providing added privacy and convenience for homeowners and tenants alike. Located in one of Calgary's most sought-after inner-city communities, Spruce Cliff offers an outstanding balance of convenience and recreation. Enjoy quick access to downtown, Westbrook Mall, the Shaganappi LRT Station, the Calgary Public Library, schools including Wildwood Elementary, Vincent Massey Junior High, and Westbrook Outreach High School, along with cafés, restaurants, fitness facilities, playgrounds, and everyday amenities. Outdoor enthusiasts will appreciate being just minutes from the Bow River pathway system, Edworthy Park, and Shaganappi Point Golf Course. Major commuter routes including Bow Trail, Crowchild Trail, and Sarcee Trail provide convenient access throughout the city. Mount Royal University and the University of Calgary are just a short drive away. This is an exceptional location for homeowners and tenants alike. Book your private showing today, and be sure to explore the 3D tour and floor plans for a closer look before your visit. More details
    Listed by Real Broker
    LISTING DETAILS

  • 196 Gordon Drive SW, Calgary

    196 Gordon Drive SW Glamorgan Calgary T3E 3W6
    Main Photo: 196 Gordon Drive SW, Calgary

    196 Gordon Drive SW Calgary T3E 3W6 Glamorgan

    $1,250,000
    Residential
    Status:
    Active
    MLS® Num:
    A2333639
    Bedrooms:
    10
    Bathrooms:
    4
    Floor Area:
    2,514 sq. ft.
    A rare opportunity to acquire a purpose-built 4plex in the established community of Glamorgan, sitting on a 7,471 sq ft M-C1 zoned lot. The building features two large (1259 sq ft) upper-level 3-bedroom, 1-bathroom units and large 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
    LISTING DETAILS

  • 1435 38 Street SW, Calgary

    1435 38 Street SW Rosscarrock Calgary T3C 1T6
    Main Photo: 1435 38 Street SW, Calgary

    1435 38 Street SW Calgary T3C 1T6 Rosscarrock

    $1,295,000
    Residential
    Status:
    Active
    MLS® Num:
    A2329130
    Bedrooms:
    8
    Bathrooms:
    4
    Floor Area:
    1,922 sq. ft.
    Positioned on a prime 50’ x 120’ West facing lot with M-C1 zoning, this full duplex offers an exceptional opportunity for investors. Full duplex with two legal basement suites – recently fully renovated. Generate income from day one while holding the future of redevelopment opportunities as well. A turnkey investment property located in the desirable West end community of Rosscarrock - just a 5-minute drive to downtown, a quick walk to Westbrook Mall, Westbrook C-Train and lots of schools and parks. This outstanding side-by-side legal duplex with basement suites offers four self-contained living spaces. Each suite is bright and open with two bedrooms, a full bathroom, its own laundry and a designated parking in the new quad garage. Large updated windows bring in lots of natural light, while the modern finishes give each unit a clean, contemporary feel. The kitchens stand out with quartz counters, high quality cabinetry, stainless steel appliances and built-in microwaves, plus the added bonus of in-suite laundry. This property has been extensively upgraded with four furnaces (individual thermostats), 120 amp panels, a newer roof and new plumbing. An excellent investment opportunity in an established West end community. 1 upper has older friendly dog that may be home. More details
    Listed by REMAX Innovations
    LISTING DETAILS

  • 254 23 Avenue NE, Calgary

    254 23 Avenue NE Tuxedo Park Calgary T2E 1V7
    Main Photo: 254 23 Avenue NE, Calgary

    254 23 Avenue NE Calgary T2E 1V7 Tuxedo Park

    $1,050,999
    Residential
    Status:
    Active
    MLS® Num:
    A2332077
    Bedrooms:
    10
    Bathrooms:
    2
    Floor Area:
    1,369 sq. ft.
    Fantastic Investment opportunity. Fully rented 10 Bedroom duplex, Prime Inner-City location ! Tuxedo Full Duplex, just off Edmonton Trail next to Commercial property. Very strong cash flow with High demand rental units. Consistently 100% occupied with quality tenants. In addition to 10 bedrooms there 2 Full baths, 2 Half baths, 2 Kitchens on the main (1 each side)Each room has a refrigerator, 2 dining areas. Each side has a laundry room. There is an oversized single garage (not rented) and off street parking. Property is made up of 2 lots on one title, zoned R-CG offering good long term investment potential. Easy access to transit. More details
    Listed by First Place Realty
    LISTING DETAILS

  • 2110 44 Street NW, Calgary

    2110 44 Street NW Montgomery Calgary T3B 0T6
    Main Photo: 2110 44 Street NW, Calgary

    2110 44 Street NW Calgary T3B 0T6 Montgomery

    $3,199,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2330066
    Floor Area:
    4,957 sq. ft.
    REPUTABLE BUILDER | 8 Unit Multi-Family Building in Montgomery | Brand New with Contemporary Finishes | Quad Garage | Sept/Oct 2026 Completion | HEAVILY UPGRADED | Take advantage of the MLI Select program as this multi-family building has been built in accordance to the programs requirements. An exceptional opportunity to own a brand-new purpose-built 4-plex with 4 legal basement suites, offering 8 self-contained units total in the highly sought-after community of Montgomery. Designed with today's investor in mind, this premium income-generating property features 16 bedrooms, 16 bathrooms, and 4 garage parking spots, making it an outstanding addition to any real estate portfolio. Each of the four upper units offers a spacious townhouse-style layout with 3 bedrooms and 2.5 bathrooms, while each lower level features a legal 2-bedroom, 1-bathroom basement suite with a private entrance, creating eight desirable rental units with maximum income potential. Inside, you'll find thoughtfully designed open-concept floor plans finished in timeless, neutral tones with modern styling throughout. High-quality finishes include luxury vinyl plank flooring, striking black aluminum windows, elegant black hardware, custom built-in features, and a contemporary fireplace in every main-floor living room. Every kitchen is designed to impress with a luxurious island, modern cabinetry, quality finishes, and ample prep and storage space, making it the true heart of each home. Bright, functional living spaces are crafted to appeal to today's tenants and owner-occupants alike. Each unit above grade is approximately 1361 sf. Situated in one of Calgary's most desirable inner-city communities, Montgomery offers unbeatable convenience with quick access to the Alberta Children's Hospital, Foothills Medical Centre, the University of Calgary, Market Mall, schools, parks, public transit, and an abundance of local shops and restaurants. Commuting is effortless with easy access to major roadways including 16th Avenue (Trans-Canada Highway), Shaganappi Trail, and Stoney Trail, connecting you to every corner of the city. Whether you're looking to expand your investment portfolio or secure a high-quality multi-family asset in a prime location, this turnkey development presents an outstanding opportunity in one of Calgary's strongest rental markets. Estimated completion: September/October 2026. More details
    Listed by Real Broker
    LISTING DETAILS
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Data was last updated August 10, 2026 at 10:05 AM (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.