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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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  • 424 Sabrina Road SW, Calgary

    424 Sabrina Road SW Southwood Calgary T2W 1P9
    Main Photo: 424 Sabrina Road SW, Calgary

    424 Sabrina Road SW Calgary T2W 1P9 Southwood

    $1,429,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2250685
    Floor Area:
    2,520 sq. ft.
    424 Sabrina Road SW presents a rare opportunity to acquire a fully modernized, income-generating fourplex in the established community of Southwood. With extensive renovations completed in 2024 and strong in-place rental income, this property is ideally suited for hands-off investors seeking reliable cash flow and long-term growth potential in Calgary’s southwest. Address: 424 Sabrina Road SW, Calgary, AB Property Type: Fourplex (Bi-Level Configuration) Total Living Area: 5,028 sq. ft. (2,564 sq. ft. RMS + fully developed lower levels) Units: 4 self-contained units Unit Layout: Each unit includes 3 bedrooms and 1.5 bathrooms Year Built: 1972 Zoning: MC-1 (Medium-Density Low Profile Residential) Parking: 5 surface stalls, resurfaced in 2024, with ample street parking available Lot: Standard inner-city lot with retaining wall recently rebuilt Recent Renovations and Capital Improvements (2024) This property has undergone a complete transformation, both inside and out. All four units were fully renovated to appeal to today’s quality-conscious tenants while minimizing maintenance needs for ownership. Interior upgrades include: Fully renovated kitchens with granite countertops, brand new cabinets, and stainless steel appliances Bathrooms completely redone with new tubs, tile work, vanities, fixtures, and modern finishes Durable LVL plank flooring installed throughout both upper and lower levels Fresh paint, trim, and lighting updates throughout all units Exterior and mechanical upgrades: New energy-efficient windows and patio doors in each unit Separate furnaces, hot water tanks, and individual utility meters per unit Resurfaced parking lot with defined stalls Reconstructed retaining wall for long-term stability Updated exterior finishes to enhance curb appeal These renovations were designed with long-term durability, tenant satisfaction, and rental optimization in mind. Income and Financial Performance 424 Sabrina Road SW is fully leased with fixed one-year terms. All four units are currently rented at market rates, providing predictable and stable cash flow from day one. The gross rental income is $8,350 per month, or $100,200 annually. All tenants are responsible for their own utilities, thanks to separately metered systems. Key financial metrics: Gross Annual Rents: $100,200 Net Operating Income (NOI): Approx. $78,720 annually Cap Rate: 5.4% at asking price Utility Structure: All tenant-paid (gas, water, electricity) This property offers strong investment fundamentals with minimal projected maintenance, making it an excellent asset for portfolio stabilization or long-term wealth building. Bi-Level Design Advantage Unlike traditional up/down duplex configurations, each of the four units in this property features a full bi-level design. This provides tenants with more usable space and a layout that feels more like a single-family home, resulting in better tenant retention and increased rental appeal. More details
    Listed by CIR Realty
    LISTING DETAILS

  • 2833&2835 9 Avenue SE, Calgary

    2833&2835 9 Avenue SE Albert Park/Radisson Heights Calgary T2A 0B8
    Main Photo: 2833&2835 9 Avenue SE, Calgary

    2833&2835 9 Avenue SE Calgary T2A 0B8 Albert Park/Radisson Heights

    $888,000
    Residential
    Status:
    Active
    MLS® Num:
    A2252530
    Bedrooms:
    8
    Bathrooms:
    4
    Floor Area:
    3,384 sq. ft.
    Investor's opportunity! R-CG zoned 4 units Full Duplex, both upstairs units boast original hardwood flooring, large bright windows and 2 generously sized bedrooms. Both basement legal suites have 2 bedrooms and large living rooms. Walking distance to Franklin C-Train station, Radisson Park School, Memorial Drive, Shopping, Restaurants and with quick Downtown access. Live in one unit and rent others or use entirely as income property. All appliances: Fridge x4, Rang x4, Hood Fan x3, Washer/Dryer x4, are included and will be as is condition. Roof was replaced in 2021, 3 sets of washer/dryer are new. Back building windows are new, 2024. Oversized double detached garage could bring additional rental income. More details
    Listed by Evertrust Realty
    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

    $2,199,900
    Residential
    Status:
    Active
    MLS® Num:
    A2252120
    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 PLUS a potential building site backing directly on the Bow River. 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

  • 2311 16 Street SW, Calgary

    2311 16 Street SW Bankview Calgary T2T 4E6
    Main Photo: 2311 16 Street SW, Calgary

    2311 16 Street SW Calgary T2T 4E6 Bankview

    $1,325,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2251364
    Floor Area:
    1,855 sq. ft.
    For more information, please click the "More Information" button. Seize the opportunity to own a fully tenanted multifamily fourplex in one of Calgary’s most desirable inner-city communities. This well-maintained property consists of two self-contained units, both fully leased, generating a combined rental income of $7,450 per month. Offering reliable cash flow from day one, this turnkey investment combines immediate returns with excellent long-term appreciation potential. Located in the vibrant Bankview neighbourhood, just minutes from downtown Calgary, the property provides exceptional convenience for tenants. Its prime inner-city location ensures quick commutes, excellent transit access, and close proximity to some of the city’s most popular lifestyle hubs, including Kensington, 17th Avenue SW, and Marda Loop. Bankview is known for its elevated city views, character-filled streets, and walkable community feel, making it a highly sought-after area for renters. The location offers quick access to major commuter routes, public transit, and a wealth of shopping, dining, and recreational amenities. More details
    Listed by Easy List Realty
    LISTING DETAILS

  • 431 54 Avenue SW, Calgary

    431 54 Avenue SW Windsor Park Calgary T2V 0C6
    Main Photo: 431 54 Avenue SW, Calgary

    431 54 Avenue SW Calgary T2V 0C6 Windsor Park

    $3,099,999
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2251500
    Floor Area:
    5,540 sq. ft.
    A tremendous opportunity to enhance your real estate portfolio with this show-stopping 4-plex in the windsor park—an established inner-city community known for its central location, strong rental demand, and vibrant neighborhood charm. This brand-new, purpose-built investment property features four beautifully designed townhomes, each with 3 bedrooms, paired with four fully legal 2-bedroom basement suites—eight rentable units in total, all with private entrances for maximum flexibility and income potential. From the moment you arrive, the striking curb appeal sets this property apart. The exterior design is a standout, showcasing timeless architecture with a modern twist—clean lines, premium materials, and a sophisticated color palette create a truly upscale, boutique feel. Thoughtful landscaping, stylish lighting, and a unified facade add to the classy, high-end aesthetic that’s rarely seen in multi-family builds. Inside, each unit is finished with contemporary, low-maintenance features designed to attract quality tenants and minimize operational costs. Quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and large energy-efficient windows bring together form and function with elegant ease. Ideally located just minutes from downtown Calgary and within easy reach of major roadways, transit, parks, schools, ROCKYVIEW hospital and CHINOOK shopping, this property offers unmatched convenience for tenants and exceptional cash flow potential for investors. CMHC Select Financing eligible, this is a rare opportunity to own a high-yield, turnkey asset with long-term appreciation in a prime location. Don’t miss your chance to invest in one of the most visually stunning and thoughtfully designed 4-plexes Calgary has to offer. Contact us today for more details or to schedule a private tour. 50x120 R-C2 LOT GREAT SCHOOL CATCHMENT: ELBOYA SCHOOL . A GREAT OPPORTUNITY FOR INVESTORS. More details
    Listed by MaxValue Realty Ltd.
    LISTING DETAILS

  • 2630 25A Street SW, Calgary

    2630 25A Street SW Richmond Calgary T3E 1Z4
    Main Photo: 2630 25A Street SW, Calgary

    2630 25A Street SW Calgary T3E 1Z4 Richmond

    $1,199,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2249307
    Floor Area:
    1,103 sq. ft.
    Welcome to this excellent multi-family investment opportunity that is located in the central and sought-after community of Richmond/Killarney. This duplex features two illegal suites on the lower level of each side, each with their own separate entrances. The main levels and two illegal suites offer their own two bedrooms, one bathroom, wood-burning fireplaces, in-unit laundry, and independent utilities. The main level on the right side has been fully updated and the other levels of the property offer newer paint and carpets. Additionally, this property offers a newer roof (2016), a newer fence, a landscaped backyard, a double detached garage (2 private singles), a double parking pad, and plenty of street parking. The property is fully occupied with great long-term tenants in place, making this a desirable turn-key investment to add to your portfolio. Ideally situated in Richmond/Killarney, this property is within walking distance of nearby parks, countless amenities, and Marda Loop. Commuting and access around the city is quick with easy access to public transit (bus stop just around the corner) and Crowchild Trail. Duplexes in Richmond/Killarney are few and far between so don't miss out on this excellent investment opportunity! More details
    Listed by Charles
    LISTING DETAILS

  • 3105 A & B, 3017 A & B 38 Street SW, Calgary

    3105 A & B, 3017 A & B 38 Street SW Glenbrook Calgary T3E 3G4
    Main Photo: 3105 A & B, 3017 A & B 38 Street SW, Calgary

    3105 A & B, 3017 A & B 38 Street SW Calgary T3E 3G4 Glenbrook

    $1,350,000
    Residential
    Status:
    Active
    MLS® Num:
    A2247580
    Bedrooms:
    8
    Bathrooms:
    4
    Floor Area:
    1,848 sq. ft.
    This up/down full duplex in desirable innercity Glenbrook, has undergone extensive renovations, making it an ideal turnkey rental (with LEGAL basement suites), or multi-unit investment. Each of the 4 units offers 2 bedrooms, a 4-piece bath, and private laundry, and comes fully equipped with separate appliances: refrigerator, stove, OTR microwave, dishwasher, and stacked washer/dryer. Recent interior renovations include: new LVP flooring (in lower units including on the stairs), fresh paint throughout various units, new quartz countertop with undermount sink, cabinetry with soft-close hinges, updated lighting & pot lights. Some have new toilets, Moen Vichy shower trim kits, fresh tub caulking, misc. plumbing repairs, and freeze-proof outdoor shutoffs hosebibs. Newly installed appliances include 2 new LG Wash Tower laundry units, new Frigidaire ranges and dishwashers, plus updated exterior lighting. Mechanical updates include a new 50-gallon water heater, furnace inducer motor & collector box replacement(1 unit), multiple furnace inspections/maintenance. Exterior & common area updates include roof venting upgrades, stucco repairs, new fencing and gate, mailbox upgrades, and concrete support posts. The property incudes a detached double car garage (with new garage door opener) for parking or storage and 2 stalls on either side for additional parking. Located in a desirable inner-city community close to schools, transit, shopping, and downtown, this property is positioned for excellent rental demand. More details
    Listed by Real Broker
    LISTING DETAILS

  • 2619 16 Street SW, Calgary

    2619 16 Street SW Bankview Calgary T2T 4G3
    Main Photo: 2619 16 Street SW, Calgary

    2619 16 Street SW Calgary T2T 4G3 Bankview

    $1,449,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2249523
    Floor Area:
    3,903 sq. ft.
    Investment opportunity. Up/down 4 plex, just one block from 26 Ave in Bankview in 16 street. This area is big enough to a brand new condo building units, with maximum floor area ratio of 2.5. Each unit is 820 sq.ft. Mix of 3 -2 beds and 1 - 1 bed. Had recently upgraded to newer kitchen cabinet and flooring, newer bath room vanity. Monthly rent is $7,080.00, gross $84,960, net operating income is $72,196.56 making cap rate 5%. Great cash flow and holding property for redevelopment. More details
    Listed by TREC The Real Estate Company
    LISTING DETAILS

  • 702 53 Avenue SW, Calgary

    702 53 Avenue SW Windsor Park Calgary T2V 0C3
    Main Photo: 702 53 Avenue SW, Calgary

    702 53 Avenue SW Calgary T2V 0C3 Windsor Park

    $1,250,000
    Residential
    Status:
    Active
    MLS® Num:
    A2248397
    Bedrooms:
    7
    Bathrooms:
    5
    Floor Area:
    2,102 sq. ft.
    75' x 120' CORNER LOT *** PRIME REDEVELOPMENT OPPORTUNITY IN WINDSOR PARK. An exceptional OPPORTUNITY for DEVELOPERS, BUILDERS AND SAVVY INVESTORS to redevelop this Corner lot located directly across the street from the Windsor Park community centre. Currently configured as a full side-by-side Duplex (#702 – has a main floor unit & a seperate illegal lower suite *NOTE the Kitchen has been removed from the lower illegal suite) #704 is one unit. Each side features vaulted ceilings & wood burning fireplaces. There are TWO garages at the rear of the property that were converted to a shop and office. This amazing Windsor Park location is surrounded by top-tier amenities a short walk or drive away such as Britannia Plaza, Several great Restaurants, Chinook Mall. Act fast—opportunities like this don’t last long. More details
    Listed by Real Estate Calgary
    LISTING DETAILS

  • A & B 927 43 Street SW, Calgary

    A & B 927 43 Street SW Rosscarrock Calgary T3C 1Z8
    Main Photo: A & B 927 43 Street SW, Calgary

    A & B 927 43 Street SW Calgary T3C 1Z8 Rosscarrock

    $949,900
    Residential
    Status:
    Active
    MLS® Num:
    A2247057
    Bedrooms:
    8
    Bathrooms:
    4
    Floor Area:
    1,730 sq. ft.
    927 A&B 43rd Street SW is an updated and well-maintained side by side duplex located on a pleasant street in Rosscarrock backing on to the school yard of St. Michael's Junior High School (French Immersion). Each unit of this property features 865 sq. ft. on the main floor with fully finished basements and single garages. On the main floor there is spacious living and dining areas with vaulted ceilings, two bedrooms, a four-piece bathroom and functional kitchens. The lower levels both have two bedrooms, a three-piece. bathroom with laundry, a rec room and large storage rooms. Both units have great tenants in place that take pride in their homes. The West facing back yard is fenced and private. There are two more great schools within walking distance, easy access to transit for the quick commute downtown and close to the shopping and amenities of Westbrook Mall. This is a fantastic opportunity to live on one side and rent the other or benefit from the $4000 of rental income from both units. Call today for your private viewing. More details
    Listed by RE/MAX Complete Realty
    LISTING DETAILS

  • 4013 Vance Place NW, Calgary

    4013 Vance Place NW Varsity Calgary T3A 0M7
    Main Photo: 4013 Vance Place NW, Calgary

    4013 Vance Place NW Calgary T3A 0M7 Varsity

    $1,249,800
    Residential
    Status:
    Active
    MLS® Num:
    A2247998
    Bedrooms:
    9
    Bathrooms:
    4
    Floor Area:
    1,901 sq. ft.
    Fantastic investment opportunity in the sought-after community of Varsity! This full side by side bi-level duplex offers three separate living spaces and an unbeatable location just minutes from the University of Calgary, Foothills Medical Centre, Alberta Children’s Hospital, schools, parks, shopping, and transit. 4013 Vance Place is split into two self contained units: the upper level features 2 spacious bedrooms, a 4-piece bathroom, in-suite laundry, hardwood floors, a bright living room, and a large eat-in kitchen with access to a private deck, while the lower level has a separate entrance, 2 bedrooms, a 3-piece bathroom, its own laundry, and comfortable living space—ideal for extended family. 4015 Vance Place is a full up-and-down unit with 5 bedrooms, a 4-piece bathroom, and a 3-piece bathroom, plus hardwood floors upstairs, an updated kitchen with newer appliances and garden door to a private deck, a spacious living room, and a large lower-level family room with oversized windows for an abundance of natural light. The oversized double detached garage is divided to provide each side with a private stall, and there is additional off-street parking for the lower 4013 illegal suite. Updates include lower-level windows on both sides (2020), hot water tanks (2022), and upgraded electrical panels and furnaces. Situated on a huge pie-shaped lot in a quiet cul-de-sac, this property offers a total of 8 bedrooms, 4 full bathrooms, 3 kitchens, and separate laundry for each unit, making it a versatile and high-yield addition to any investment portfolio. More details
    Listed by RE/MAX Real Estate (Mountain View)
    LISTING DETAILS

  • 6203 Rundlehorn Drive NE, Calgary

    6203 Rundlehorn Drive NE Pineridge Calgary T1Y 1M6
    Main Photo: 6203 Rundlehorn Drive NE, Calgary

    6203 Rundlehorn Drive NE Calgary T1Y 1M6 Pineridge

    $875,000
    Residential
    Status:
    Active
    MLS® Num:
    A2245518
    Bedrooms:
    7
    Bathrooms:
    4
    Floor Area:
    2,248 sq. ft.
    Perfectly located full duplex located directly across the street from Pineridge school and there are 2 more schools and a rec centre kitty corner from the property and it's directly across the street from a strip mall as well! Location doesn't get any better! one side (6203) has 3 bedrooms upstairs and a 4th bedroom downstairs, open floor plan on the upper level with a large kitchen, dining area and a living room. There is a 2 piece ensuite bathroom as well as a full 4 piece bathroom. The basement has the bedroom, tons of storage in the mechanical/laundry room and the front attached single garages have been turned into living spaces (there is drywall and insulation done - just needs flooring to finish it off and turn it into a rec room) The yard can accommodate a detached garage if you wanted to leave the converted garages as is. Great opportunity for investors with great built in tenants! ALL levels and grades of schools are located within a kilometer of this duplex, Strip mall and a convenience store directly across the street, bus stop rightoutside your door and Easy access to Stoney and Deerfoot trails, downtown, airport, local amenities and so much more! More details
    Listed by Real Broker
    LISTING DETAILS
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Data was last updated August 30, 2025 at 06:05 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.