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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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  • 3913/3915 Spruce Drive SW, Calgary

    3913/3915 Spruce Drive SW Wildwood Calgary T3C 3A9
    Main Photo: 3913/3915 Spruce Drive SW, Calgary

    3913/3915 Spruce Drive SW Calgary T3C 3A9 Wildwood

    $999,000
    Residential
    Status:
    Active
    MLS® Num:
    A2246596
    Bedrooms:
    6
    Bathrooms:
    2
    Floor Area:
    1,805 sq. ft.
    FULL DUPLEX for $999K! Don't wait on this fantastic 6372 sq. ft. corner lot with H-GO zoning and basements with separate entrances. The location can't be beat with Wildwood elementary school 4 blocks away, transit just down the block, a 10 minute commute to downtown, the bow river pathway system one block away, and all the amenities you need a mere 8 minute drive at Signal Hill Centre (retail, restaurants, banking, groceries etc.). Each side consists of 2 bedrooms, one bathroom, a basement with separate entrance (partially finished) and a dedicated yard space. Both units feature updated vinyl flooring in the main areas, a wood-burning fireplace, neutral/modern paint, two large bedrooms with original hardwood flooring, a 4-piece bathroom with soaker tub, and partially finished basement with separate entrance (basement bedroom windows may not meet egress requirements). 3915 also boasts an updated kitchen with granite countertops and newer appliances. 3913 comes with a tandem parking pad and there is plenty of street parking for both units. See supplements for list of recent upgrades. More details
    Listed by Century 21 Bamber Realty LTD.
    LISTING DETAILS

  • 186 Carringvue Park NW, Calgary

    186 Carringvue Park NW Carrington Calgary T3P 1L1
    OPEN HOUSE: Aug 10, 2025
    01:00 PM - 04:00 PM MDT
    Open House on Sunday, August 10, 2025 1:00PM - 4:00PM
    Main Photo: 186 Carringvue Park NW, Calgary

    186 Carringvue Park NW Calgary T3P 1L1 Carrington

    $679,000
    Residential
    Status:
    Active
    MLS® Num:
    A2246941
    Bedrooms:
    3
    Bathrooms:
    4
    Floor Area:
    1,653 sq. ft.
    Welcome to this beautifully finished semi-detached home in the tranquil community of Carrington. Backed onto a serene green space, this recently built property offers over 2,301 sq. ft. of total livable space, thoughtfully designed for comfort, style, and everyday living. Impeccably maintained and tastefully upgraded, the home combines modern elegance with practical functionality. The main floor welcomes you with 9-ft ceilings and an abundance of natural light through large windows and patio doors. The newly added gourmet kitchen features a chimney hood fan, built-in microwave, crown-molded cabinetry, stylish tile backsplash, a spacious walk-in pantry, and a functional island—perfect for both cooking and entertaining. The open-concept living and dining areas are enhanced by lovely laminate flooring, neutral grey tones with crisp white trim, and a cozy fireplace. A convenient half bath completes this level. Upstairs, the primary suite includes a generous walk-in closet and a luxurious 5-piece ensuite with a standing shower, double vanity, and soaker tub. Two additional bedrooms, a well-appointed 4-piece bathroom, and an upstairs laundry room offer both comfort and convenience for the whole family. The fully finished lower level expands your living options with a spacious multi-purpose room and a 4-piece bathroom - ideal as a home gym, media room, or guest space. Additional highlights include an oversized driveway, peaceful green space views, and a stylish, move-in-ready interior. Perfect for families seeking space, quality, and modern living, this home is ready to welcome its next chapter. More details
    Listed by Royal LePage METRO
    LISTING DETAILS

  • 606 38 Street SW, Calgary

    606 38 Street SW Spruce Cliff Calgary T3C 1T2
    Main Photo: 606 38 Street SW, Calgary

    606 38 Street SW Calgary T3C 1T2 Spruce Cliff

    $1,250,000
    Residential
    Status:
    Active
    MLS® Num:
    A2245779
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    1,804 sq. ft.
    Rare opportunity to own a 75’ x 160’ RC-G lot in one of Calgary’s most desirable inner-city communities. This full side-by-side duplex is perfect for redevelopment, rental income, or a custom multi-unit project. Each unit offers 2 beds, 1 bath on main floor one side has finished basement. One side is vacant other is rented. Steps to Shaganappi Golf Course, downtown, shopping, parks & future LRT. More details
    Listed by Premiere Realty Direct
    LISTING DETAILS

  • 631 37 Street SW, Calgary

    631 37 Street SW Spruce Cliff Calgary T3C 1R8
    Main Photo: 631 37 Street SW, Calgary

    631 37 Street SW Calgary T3C 1R8 Spruce Cliff

    $1,500,000
    Residential
    Status:
    Active
    MLS® Num:
    A2242518
    Bedrooms:
    9
    Bathrooms:
    4
    Floor Area:
    1,983 sq. ft.
    Attention investors, developers, and savvy buyers—this rare full duplex in the highly desirable inner-city community of Spruce Cliff presents an incredible opportunity. Situated on a massive 50' x 160' lot with H-GO zoning (High-Density Grade-Oriented Infill District), the potential here is endless. Whether you're looking to add to your rental portfolio or pursue a future redevelopment project, this property offers flexibility and long-term value in one of SW Calgary’s most strategically located neighbourhoods. Both sides of the duplex—629 and 631—feature an identical layout with three bedrooms upstairs, a full 4-piece bathroom, and a bright, open-concept main floor with a front living room, dining area, and kitchen. The bedrooms are privately tucked toward the rear of each unit, creating a functional separation between living and sleeping spaces. Each side also features a convenient side entrance, making it ideal for future secondary suite development. Please note, a secondary suite would be subject to approval and permitting by the city/municipality. The 631 side already includes an illegal basement suite with two additional bedrooms, a full kitchen, and a 4-piece bathroom. The 629 side basement features a fourth bedroom, a kitchenette, and another full bathroom—bringing the total to nine bedrooms and four full bathrooms across the entire property. Recent upgrades add peace of mind for future owners, including a brand-new hot water tank installed in 2025 and a new furnace in 2024. A double detached garage offers secure parking or storage, with two additional laneway parking spots for a total of four off-street spaces. Both sides of the duplex enjoy spacious, private backyards—ideal for tenants or future landscaping enhancements. Location is everything, and this property delivers. Just 10 minutes to downtown Calgary, 15 minutes to Mount Royal University, and only an hour’s drive to the Rocky Mountains, it offers unmatched convenience for commuting, education, and recreation. With close proximity to transit, shopping, schools, and green spaces, this Spruce Cliff duplex is a rare find for those looking to invest in one of Calgary’s most promising and evolving neighbourhoods. Don't miss this opportunity to secure a revenue-generating property with development upside in the heart of the city. Call your favourite realtor today! More details
    Listed by RE/MAX Real Estate (Mountain View)
    LISTING DETAILS

  • 7411 20A Street SE, Calgary

    7411 20A Street SE Ogden Calgary T2C 0S3
    Main Photo: 7411 20A Street SE, Calgary

    7411 20A Street SE Calgary T2C 0S3 Ogden

    $1,200,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2244959
    Floor Area:
    2,249 sq. ft.
    INVESTOR ALERT - 6.5% CAP RATE on cash flowing Full DUPLEX with LEGAL Suites and GARAGE in OGDEN. Turn key, well managed building, with many updates through the years, including 2 new furnaces in 2021. 2 Main floor 3 bedroom units, 2 Basement 2 bedroom units. Garage Rented. Parking pad at back. Fenced yard is super convenient for those tenants with pets. Location is 1 block to nearby school and park, 2 blocks to grocery store and other commercial amenities. 1/2 block to the bus stop. Easy access to Glenmore Trail. FULL PACKAGE AVAILABLE. Photos are of the vacant unit. More details
    Listed by Realty Experts Group Ltd
    LISTING DETAILS

  • 2316 16 Street SW, Calgary

    2316 16 Street SW Bankview Calgary T2T 4E7
    Main Photo: 2316 16 Street SW, Calgary

    2316 16 Street SW Calgary T2T 4E7 Bankview

    $1,100,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2244497
    Floor Area:
    2,342 sq. ft.
    Open house 12-2pm. Saturday Aug 02, 2025. Discover a prime investment with this luxury fourplex—fully upgraded, centrally located, and perfectly situated in Bankview—offering unbeatable rental appeal just steps from downtown, transit, parks, and vibrant 17th Avenue. Overlooking the scenic Bankview Community Garden, it provides a serene setting for tenants. Renovated in 2016, it features energy-efficient windows, a new roof, modern appliances, and a state-of-the-art glycol heating system that reduces heating costs by 60%. Each of the four spacious 1-bedroom units (2,343 square feet total) has in-suite laundry, storage, and private entrances, while the lower units enjoy walk-out access. A 148-square-foot utility room adds extra functionality, and ample parking ensures convenience. With market rents generating $67,200 annually ($1,500 upper, $1,300 lower) and room for future increases, this property delivers immediate positive cash flow and strong long-term appreciation. Let tenants pay your mortgage while you build wealth and secure your future. The astute investor can achieve semi or even full retirement upon purchase. Opportunities like this are rare—act now! More details
    Listed by Datong Property Management Ltd.
    LISTING DETAILS

  • 1421 1 Street NW, Calgary

    1421 1 Street NW Crescent Heights Calgary T2M 2S7
    Main Photo: 1421 1 Street NW, Calgary

    1421 1 Street NW Calgary T2M 2S7 Crescent Heights

    $1,595,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2244640
    Floor Area:
    4,070 sq. ft.
    Great opportunity for your own boutique Air BnB building, check out the 3D tour link for a better look inside. This legal 4-Plex is your ticket to cash flow and long-term equity in one of Calgary’s most desirable inner-city neighborhoods, Crescent Heights. With over 4,000 sqft of total living space, impeccably maintained property is packed with features that make it a dream addition to any portfolio. The upper floor offers 2,407 sqft of bright, open-concept living with two spacious 2-bedroom suites. Each suite includes a modern kitchen, generous dining areas, 2 full bathrooms, exclusive use washer/dryer, and two balconies—one off the primary bedroom and one from the living room—bringing that perfect blend of indoor/outdoor living. Downstairs, the 1,676 sqft lower level has two beautifully finished 1-bedroom suites with, exclusive washer/dryer and direct access to a private patio area, creating even more appeal for tenants. Parking is no issue here, with two double attached garages* plus five extra stalls—an absolute rarity this close to downtown. *The garage for 1419 has a single door and has been converted to an office w 3 piece bathroom, laundry room, epoxy floors and boiler room. The garage for 1421 has been converted to a gym/weight room with epoxy floors, 3 piece bathroom and laundry area. Many extras are included in the sale, hot tub, weight room / gym equipment, most furniture in the suites (with some exclusions). Located just minutes from downtown, the vibrant Kensington district, 16th Avenue, top restaurants, shopping, and major transit routes, this property offers unbeatable convenience and lifestyle appeal. This is the kind of investment opportunity that checks all the boxes—turnkey, low maintenance, and in a location that continues to grow in value. Don’t wait—book your private showing today before it’s gone! More details
    Listed by Real Broker
    LISTING DETAILS

  • 8528 47 Avenue NW, Calgary

    8528 47 Avenue NW Bowness Calgary T3B 1Z9
    Main Photo: 8528 47 Avenue NW, Calgary

    8528 47 Avenue NW Calgary T3B 1Z9 Bowness

    $949,000
    Residential
    Status:
    Active
    MLS® Num:
    A2244545
    Bedrooms:
    5
    Bathrooms:
    4
    Floor Area:
    1,901 sq. ft.
    Brand-New Luxury Infill in Bowness | Legal 2-Bedroom Suite | South Backyard Luxury + Income Potential + Lifestyle – All in One Home. Move right in to this stunning, never-lived-in luxury infill featuring a bright open floor plan, designer finishes, and a legal 2-bedroom basement suite for rental income or multigenerational living. Enjoy a chef-inspired kitchen with quartz countertops, warm wood accents, premium stainless steel appliances, and a show-stopping waterfall island. The living room boasts a modern fireplace with custom built-ins and opens to a sunny south-facing backyard – perfect for entertaining. Upstairs, a spa-like primary suite with walk-in closet, dual sinks, freestanding tub, and glass custom shower, plus two additional bedrooms and full bath. The bright basement suite offers its own kitchen, laundry, private entrance, and full bath – ideal for guests or tenants. Prime location near Bow River pathways, Bowmont Park, Market Mall, Winsport, schools, and quick highway access to the mountains. **Interior photos represent a home by the same builder, though finishes may vary.** More details
    Listed by PREP Realty
    LISTING DETAILS

  • 3715 14 Street NW, Calgary

    3715 14 Street NW Collingwood Calgary T3B 5K1
    Main Photo: 3715 14 Street NW, Calgary

    3715 14 Street NW Calgary T3B 5K1 Collingwood

    $1,250,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2242549
    Floor Area:
    1,853 sq. ft.
    Located just north of downtown in one of Calgary’s sought-after inner-city communities, this well-maintained 4-unit duplex is an excellent opportunity for investors. The property offers a total of 9 bedrooms, with two 2-bedroom upper units, a spacious 4-bedroom lower unit, and a separate 1-bedroom lower unit—providing strong rental flexibility and income potential. Though interior photos are unavailable to respect tenant privacy, the property has seen ample upgrades and is in great condition. Tenants benefit from thoughtful layouts, a detached garage, a backyard, and a location that’s close to amenities, transit, and downtown. Whether you're looking to add to your portfolio or secure a reliable income property in a prime area, this one checks all the boxes More details
    Listed by The Real Estate District
    LISTING DETAILS

  • 4913 16 Avenue SE, Calgary

    4913 16 Avenue SE Forest Lawn Calgary T2A 0P1
    Main Photo: 4913 16 Avenue SE, Calgary

    4913 16 Avenue SE Calgary T2A 0P1 Forest Lawn

    $1,000,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2242445
    Floor Area:
    1,957 sq. ft.
    Opportunity knocks with this duplex featuring a Duplex with a 4PLEX setup, 4 units in total - a rare and versatile cash-flowing property! Situated on a spacious 120’ x 68’ corner lot (over 8,000 SQFT) and zoned MC-1, this property is loaded with future redevelopment potential including infill, multi-unit, or mixed-use possibilities (all subject to city approval). Located just one block from vibrant International Avenue (17th Ave SE), tenants enjoy easy access to transit, shopping, restaurants, and schools. The property has a strong rental history with zero vacancy, previously generating $6,900/month in rental income with shared utilities. Recently updated on the 4915 side. Whether you're looking to hold for future development, generate cash flow, or reconfigure into a legal fourplex, the potential here is undeniable. Call for more details before it's GONE! More details
    Listed by Skyfort Estate
    LISTING DETAILS

  • 227 26 Avenue NE, Calgary

    227 26 Avenue NE Tuxedo Park Calgary T2E 1Z1
    Main Photo: 227 26 Avenue NE, Calgary

    227 26 Avenue NE Calgary T2E 1Z1 Tuxedo Park

    $3,000,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2240465
    Floor Area:
    4,976 sq. ft.
    Exceptional Investment Opportunity in Tuxedo Park – Brand-New, High-Yield 4-Plex An extraordinary opportunity to elevate your real estate portfolio with this architecturally stunning 4-plex, perfectly situated in the heart of Tuxedo Park—one of Calgary’s most sought-after inner-city communities. Renowned for its central location, strong rental demand, and vibrant urban character, Tuxedo Park is the ideal setting for this purpose-built, income-generating asset. This newly constructed property features four meticulously designed townhomes, each offering 3 spacious bedrooms. Complementing each unit are fully legal 2-bedroom basement suites—bringing the total to eight separate rental units, each with its own private entrance. This rare configuration offers exceptional income potential and operational flexibility. From the moment you arrive, the curb appeal is undeniable. The exterior showcases timeless architecture with a modern edge—clean lines, premium materials, and an elegant, cohesive colour palette create a boutique aesthetic rarely found in multi-family developments. Professional landscaping, contemporary lighting, and a unified facade further elevate the property's distinguished presence. Inside, each suite is thoughtfully finished with high-end, low-maintenance materials selected for both style and durability. Quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and oversized energy-efficient windows ensure lasting appeal to quality tenants while keeping operating costs low. Strategically located just minutes from downtown Calgary, with quick access to major roadways, public transit, parks, schools, and amenities, this property offers convenience for tenants and exceptional returns for investors. Eligible for CMHC Select Financing, this is a rare chance to secure a turnkey, high-performance asset in a high-demand rental market. Don’t miss your opportunity to own one of Calgary’s most visually striking and intelligently designed multi-family investments. Contact us today for full details or to arrange a private tour. More details
    Listed by Royal LePage METRO
    LISTING DETAILS

  • 454 & 458 Carringvue Grove, Calgary

    454 & 458 Carringvue Grove Carrington Calgary T3P 2L9
    Main Photo: 454 & 458 Carringvue Grove, Calgary

    454 & 458 Carringvue Grove Calgary T3P 2L9 Carrington

    $1,699,990
    Residential
    Status:
    Active
    MLS® Num:
    A2243565
    Bedrooms:
    10
    Bathrooms:
    8
    Floor Area:
    3,543 sq. ft.
    ?***INVESTORS ALERT*** A FULL DUPLEX***Nestled within the welcoming community of Carrington, this brand new walk-out duplex presents a sophisticated and highly functional living opportunity. Each distinct unit is thoughtfully designed to maximize space, light, and privacy, featuring its own legal secondary suite with the walk-out basement. The main floor of each unit immediately impresses with its open and airy layout. A spacious living area provides a comfortable gathering space, flowing seamlessly into a separate dining area and the well-appointed kitchen boasts a central island. This level also includes a convenient full bedroom and a full bathroom featuring a standing shower. Ascend to the upper level to discover four well-proportioned bedrooms provides ample space for family or guests. The luxurious primary suite is complete with a generous walk-in closet and a 3pc ensuite bathroom. One additional full bathroom on this floor ensures convenience for everyone, alongside a dedicated laundry area for effortless household management. A defining feature of this exceptional property is the legal suite incorporated into the walk-out basement level of each unit. Accessed directly from the front, this self-contained space features a complete separate kitchen, its own living area, a dedicated dining space, an additional full bedroom, a 3pc bathroom, and the added convenience of a stacked laundry facility. More details
    Listed by PREP Realty
    LISTING DETAILS
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Data was last updated August 10, 2025 at 06:05 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.