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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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  • 301 5 Avenue NE, Calgary

    301 5 Avenue NE Crescent Heights Calgary T2E 0K9
    Main Photo: 301 5 Avenue NE, Calgary

    301 5 Avenue NE Calgary T2E 0K9 Crescent Heights

    $2,900,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2234866
    Floor Area:
    7,176 sq. ft.
    Turnkey Investment Opportunity – Fully Furnished and Professionally Managed Airbnb 4-Plex in Prime Inner-City Location. Welcome to an exceptional revenue-generating 4-plex in the highly sought-after community of Crescent Heights—just minutes from downtown Calgary. This rare offering features four fully furnished, professionally managed townhouse units, each operating as a successful short-term rental. For the savvy investor, this is a rare opportunity to secure a professionally managed, income-generating asset in a prime location; offering strong cash flow and long-term value. Each spacious unit includes: 2300 Square Feet Of Livable Space Over 4 Levels | 4 Large Bedrooms, 4.5 Bathrooms | Large West Facing Patio | Spacious Bonus Room With Cozy Fireplace | Fully Finished Basement With Wet Bar And Single Detached Garage | Stylish, move-in-ready modern interiors curated for comfort and durability | The property delivers an impressive cap rate of 6.05%, supported by consistent short-term rental performance and professional management already in place—making it a truly turnkey, income-producing asset. Set in vibrant Crescent Heights, you’re perched above the Bow River Valley with direct access to downtown via Centre Street; walk, bike, or drive in just minutes. This area blends the charm of a tight-knit residential neighborhood with bustling local businesses, trendy eateries, and scenic city views. Key Highlights: Fully operational as a high-performing Airbnb short term rental. All furnishings included. Managed by professionals for a seamless, turnkey experience. Outstanding location. Immediate cash-flow potential with long-term upside. High-performing income property with 6.05% cap rate Whether you continue as a short-term rental host or explore other investment strategies, this property checks every box. More details
    Listed by Comox Realty
    LISTING DETAILS

  • 2518 16 Street SW, Calgary

    2518 16 Street SW Bankview Calgary T2T 4E9
    Main Photo: 2518 16 Street SW, Calgary

    2518 16 Street SW Calgary T2T 4E9 Bankview

    $3,750,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2214661
    Floor Area:
    7,600 sq. ft.
    Investor Alert – This Bankview multifamily development offers a rare opportunity to acquire a high-yield, Currently 4 duplexes and one of them has legal suite and 3 other suits submitted to the city of calgary subject approval and permeating. luxury finishes, prime location, and long-term financing at a low 3.5% rate, this investment offers exceptional ROI with projected 47.2% annual returns. Ideal for investors seeking low-maintenance income and significant capital appreciation. Contact us for pro forma, rent roll, and detailed financial package. currently they are 4 main dwelling size 1900 average each total 7600 sqf above grade. Prime Calgary SW (Bankview) Rental Income Potential: Eligible for CMHC Select Financing – reduce financing costs and increase ROI Located in a high-demand rental area with proven stability Turnkey setup—ready for immediate income generation Ideal for short- and long-term appreciation in a growth-oriented market Whether you're an experienced investor or expanding your portfolio, this asset delivers strong performance, desirable location, and future upside. Hurry—this opportunity won’t last long! Contact us today to schedule a viewing More details
    Listed by First Place Realty
    LISTING DETAILS

  • 423 10 Avenue NE, Calgary

    423 10 Avenue NE Renfrew Calgary T2E 0X5
    Main Photo: 423 10 Avenue NE, Calgary

    423 10 Avenue NE Calgary T2E 0X5 Renfrew

    $1,399,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2240044
    Floor Area:
    2,221 sq. ft.
    Fantastic LEGAL 4 plex! All units are completely self contained townhomes. Well maintained and in great conditions. Long term tenants. 8 year old roof, Shows very well. Great location close to downtown and many amenities. made up of 1 - 3 bedroom unit and 3 - 2 bedroom units. All are units are 1,047 sqft all with their own laundry facilities. More details
    Listed by The Real Estate District
    LISTING DETAILS

  • 822, 826, 830, 834 Wolf Willow Boulevard SE, Calgary

    822, 826, 830, 834 Wolf Willow Boulevard SE Wolf Willow Calgary T2X 5R5
    Main Photo: 822, 826, 830, 834 Wolf Willow Boulevard SE, Calgary

    822, 826, 830, 834 Wolf Willow Boulevard SE Calgary T2X 5R5 Wolf Willow

    $3,399,888
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2236628
    Floor Area:
    6,352 sq. ft.
    MLI SELECT PROGRAM COMPLIANT | 8 UNITS | SHANE BUILT HOMES | 4 DOUBLE CAR GARAGES | MAJORITY OF THE UNITS TENANTED ALREADY | 2 FULL DUPLEXES BESIDE EACH OTHER | 20 BEDROOMS & 16 BATH | Exceptionally rare opportunity to acquire four consecutive lots featuring two brand-new FULL duplexes, each with legal basement suites—for a total of 8 fully self-contained units. The owners bought these units through the MLI Select Program. The CMHC financing might be transferable (pending approval). Some of the units are already rented out. Located in the rapidly growing and nature-rich community of Wolf Willow, these turnkey properties offer an incredible investment opportunity with strong monthly cash flow potential. Each upper unit is thoughtfully designed with 3 spacious bedrooms, 2.5 bathrooms, a large family room, bonus room, and full-sized laundry. The kitchens feature quartz countertops, stainless steel appliances, and open to generous dining areas, mudrooms, and convenient half baths. Upstairs, the primary bedrooms offer walk-in closets and beautiful ensuites, while two additional bedrooms and a full bath complete the functional layout. The legal basement suites provide two bedrooms (one with a walk-in closet), full kitchens, spacious rec rooms, 4-piece bathrooms, laundry areas, utility rooms, and extra storage—each with a private entrance. Detached garages are included with each unit, enhancing tenant appeal and convenience. Each unit is separately metered. Nestled beside the scenic Bow River, Wolf Willow is known for its parks, walking trails, and peaceful natural surroundings, with easy access to Stoney Trail, Deerfoot Trail, and nearby amenities. This is a turn-key, high-cashflow property ideal for investors seeking stable returns and long-term value in a thriving Calgary community. More details
    Listed by Real Broker
    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

    $950,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2244497
    Floor Area:
    2,342 sq. ft.
    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

  • 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

  • 1832 17 Avenue NW, Calgary

    1832 17 Avenue NW Capitol Hill Calgary T2M 0S2
    Main Photo: 1832 17 Avenue NW, Calgary

    1832 17 Avenue NW Calgary T2M 0S2 Capitol Hill

    $2,890,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2236306
    Floor Area:
    4,462 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. Scheduled for completion in the end of 2026, 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. With estimated rents of $2,850 for upper suites and $1,450 for lower units 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
    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

    $1,295,000
    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

  • 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

    $1,415,000
    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. buyer will accept current RPR More details
    Listed by CIR Realty
    LISTING DETAILS

  • 6815 5 Street SW, Calgary

    6815 5 Street SW Kingsland Calgary T2V 1A9
    Main Photo: 6815 5 Street SW, Calgary

    6815 5 Street SW Calgary T2V 1A9 Kingsland

    $3,199,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2251817
    Floor Area:
    4,998 sq. ft.
    Massive 4plex for with 4 Legal Suites in the basement of each unit! Thats 8 total units for rent complete with 4 Garages making this a superior rental property. The basements have access to their own private entrances! Beautiful design and modern finishes make this one of the best looking 4 plexes in Calgary. City center location means its minutes to Rocky view Hospital, close to downtown, near Mount Royal University and right beside Chinook Center. Providing prime rentals to students, hospital staff and downtown professionals. Upper units come complete with 2 bathrooms, 3 bedrooms, living, dining rooms and large kitchens. The basements are impressive as well, their own separate entrance, TWO bedrooms, single bathroom and spacious living room with kitchen complete with 9 foot ceilings. This 8-unit property (4 townhomes each with a legal suite) may qualify for CMHC’s MLI Select program, which can offer financing with down payments starting as low as 5% and extended amortizations. Eligibility and terms subject to lender and CMHC approval. More details
    Listed by Century 21 Bravo Realty
    LISTING DETAILS

  • 1926/1928 32 Street SW, Calgary

    1926/1928 32 Street SW Killarney/Glengarry Calgary T3E 2R1
    Main Photo: 1926/1928 32 Street SW, Calgary

    1926/1928 32 Street SW Calgary T3E 2R1 Killarney/Glengarry

    $1,700,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2255248
    Floor Area:
    1,262 sq. ft.
    A rare opportunity to own the entire building in the highly sought-after community of Killarney. This 4-corner, 4-plex townhome condo's offers a proven track record of steady rental income with 0% vacancy, excellent tenants already in place and sits on a 50' x 120' lot on a quiet street in Killarney. Each of the four units is a fully self-contained, two-storey townhouse-style home with a developed basement, designed for privacy and functionality. The two front units offer approximately 1,720 sq.ft. of living space, while the two back units feature about 1,665 sq.ft. Layout highlights include: 2 bedrooms + full bath on the upper level, generous rec room (used as a 3rd bedroom) + 2nd full bath in the basement, in-suite laundry in every unit, separate outdoor patio space, parking pad for each unit, and separate utilities (all paid by tenants.) With its turnkey setup, reliable income, and desirable inner-city location, this property checks all the boxes for investors seeking cash flow, stability, and long-term growth potential. More details
    Listed by Real Broker
    LISTING DETAILS

  • 11203 6 Street SW, Calgary

    11203 6 Street SW Southwood Calgary T2W 0E9
    Main Photo: 11203 6 Street SW, Calgary

    11203 6 Street SW Calgary T2W 0E9 Southwood

    $1,300,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2261330
    Floor Area:
    2,583 sq. ft.
    The investment opportunity for this fully rented 4-Plex in the South West community of Southwood is great. With 4 units all with 3 Bedrooms and 1290 sq.ft of living space each, these rental units are a solid addition to your portfolio. This property is generating rental income of $6,900 / Month ($82,800 / Year) with a Cap Rate of 5.50% (Based on the asking price and the 2025 Property Taxes). Some of the tenants have been in this property for years and all of the leases are recently renewed for another 1 year fixed term tenancy. The property also comes with 4 dedicated parking stalls in the alley, one for each unit. More details
    Listed by Town Residential
    LISTING DETAILS
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Data was last updated October 15, 2025 at 02:05 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.