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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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  • 1727 12 Avenue SW, Calgary

    1727 12 Avenue SW Sunalta Calgary T3C 0R5
    Main Photo: 1727 12 Avenue SW, Calgary

    1727 12 Avenue SW Calgary T3C 0R5 Sunalta

    $1,299,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2215116
    Floor Area:
    3,012 sq. ft.
    Prime location and revenue generating property in desirable community of Sunalta, within walking distance to Sunalta C-Train station and a lots of shopping/dining options. Also 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, four unit building is zoned M-CG d111 with potential monthly revenue over $7000 City assessment as 4-plex available. Both 2 storey units feature 3 bedrooms and laundry; one with a full bath and 2 pc en suite; the other with a full bath, 3 pc en suite, and 2 pc 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. Exceptional revenue and/or development value More details
    Listed by Royal LePage METRO
    LISTING DETAILS

  • 1421 & 1419 1 Street NW, Calgary

    1421 & 1419 1 Street NW Crescent Heights Calgary T2M 2S7
    Main Photo: 1421 & 1419 1 Street NW, Calgary

    1421 & 1419 1 Street NW Calgary T2M 2S7 Crescent Heights

    $1,595,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2222696
    Floor Area:
    4,084 sq. ft.
    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, this fully rented, 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

  • 447 Huntsville Crescent NW, Calgary

    447 Huntsville Crescent NW Huntington Hills Calgary T2K 4W3
    Main Photo: 447 Huntsville Crescent NW, Calgary

    447 Huntsville Crescent NW Calgary T2K 4W3 Huntington Hills

    $1,195,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2224832
    Floor Area:
    1,989 sq. ft.
    Invest in a rare opportunity with this well-maintained fourplex, ideally situated in the community of Huntington Hills. Each of the four spacious units offers roughly 980 sq. ft of comfortable living space, featuring 3 bedrooms and full self-containment – including a private utility room with its own furnace, hot water tank, washer, dryer & added storage space. Set on a large, beautifully treed lot, the property offers both privacy and charm. The bright basement suites benefit from large windows that bring in plenty of natural light, creating a more welcoming and open atmosphere rarely found in lower-level units. The upper units feature brand-new patio doors that open onto a recently renovated balcony, offering an unobstructed view and a perfect outdoor retreat. Tenants will also appreciate the convenience of being just minutes from top-rated schools, shopping centers, Deerfoot Trail, and public transit – making this location unbeatable for families and commuters alike. All four units are in immaculate condition, making this a true turnkey investment. With strong rental potential and a prime location, this property is a standout choice for investors or extended families seeking space and independence under one roof. Don’t miss out – four-unit properties like this don’t come around often! More details
    Listed by RE/MAX Real Estate (Mountain View)
    LISTING DETAILS

  • 4835 Varsity Drive NW, Calgary

    4835 Varsity Drive NW Varsity Calgary T3A 1Y1
    Main Photo: 4835 Varsity Drive NW, Calgary

    4835 Varsity Drive NW Calgary T3A 1Y1 Varsity

    $1,349,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2227084
    Floor Area:
    2,836 sq. ft.
    This well kept bilevel 4 plex is located in Varsity community in northwest Calgary. Each unit is 706 sf (RMS) main level of and additional 641 sf on the lower level, 3 BR - 2 Bath with its own forced air furnace, hot water tank and electrical meters. 3 of the 4 units have been tastefully upgraded with vinyl plank flooring, new kitchen cabinets, kitchen counters and bathrooms. The 4th unit awaits your redecorating touch! The slightly sloped roof has a torch on roof which was installed in 2020. The tenants pay all utilities. There is plenty of parking in the rear of the building. This is a great location with nearby schools, access to public transportation, and access to U of C. More details
    Listed by Michael Fleming Realty Corp.
    LISTING DETAILS

  • 1832 27 Avenue NW, Calgary

    1832 27 Avenue NW Capitol Hill Calgary T2M 2J5
    Main Photo: 1832 27 Avenue NW, Calgary

    1832 27 Avenue NW Calgary T2M 2J5 Capitol Hill

    $3,200,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2228043
    Make this investment the cornerstone of your real estate portfolio!! Exceptional new-construction rental opportunity in Capitol Hill, one of Calgary’s most desirable inner-city communities. Backing directly onto Confederation Park Golf Course and scenic walking and biking paths, this purpose-built development offers incredible access to green space and urban convenience. Scheduled for completion in June 2025, the project features eight income-generating suites across two thoughtfully designed buildings. Each building includes spacious upper units of 1,361 sq ft with three bedrooms and 2.5 bathrooms, as well as generous 622 sq ft lower suites with one bedroom. A four-car detached garage with lane access further enhances the functionality and appeal of this property. This investment opportunity stands out due to its premium location and larger-than-average layouts, offering the comfort and practicality today’s renters are looking for. Situated on a 6000 sq ft corner lot, the design allows for superior unit separation and curb appeal compared to typical infill properties. Built with durable finishes, low-maintenance Hardie board exteriors, and high-efficiency HVAC systems, this development ensures lower operating costs and long-term performance — ideal for investors seeking strong returns with minimal upkeep. Capitol Hill’s prime inner-city location places residents just minutes from SAIT, the University of Calgary, Foothills Hospital, and the Alberta Children’s Hospital, making it especially attractive to students, professionals, and healthcare workers. The property also offers quick access to downtown Calgary, 16th Avenue, and major transit routes, ensuring strong rental demand and long-term tenant retention. With projected rents of $2,850/month for the upper suites ($2.10/sq ft) and $1,450/month for the lower suites ($2.20/sq ft), and estimated operating costs at 20%, the development is expected to generate approximately $164,000 in net annual income, reflecting a healthy 5.30% capitalization rate. The beauty is that you have plenty of time to get your CMHC MLI Select financing in place for closing! This is a rare opportunity to own a turnkey, low-maintenance investment property in a high-demand location that blends natural beauty with urban access. Contact Robby Khunkhun today to learn more about how this premium development in Capitol Hill can help you achieve your real estate investment goals. With its unbeatable location, modern construction, and strong rental potential, this property is positioned for long-term success and appreciation. The listing price is subjected to GST, which is 100% refundable through the CRA GST/HST rebate program. More details
    Listed by Real Broker
    LISTING DETAILS

  • 4308 73 Street NW, Calgary

    4308 73 Street NW Bowness Calgary T3B 2M1
    Main Photo: 4308 73 Street NW, Calgary

    4308 73 Street NW Calgary T3B 2M1 Bowness

    $1,098,890
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2228244
    Floor Area:
    2,422 sq. ft.
    4308 73 Street NW | Investor Alert! | Prime Location! | Legal Four-Plex | Rare Opportunity To Own A Well-Maintained 4-Plex In The Highly Sought-After Community Of Bowness | All Four Units Are Spacious 3 Bedroom 2 Bath Corner Units | Offering Excellent Functionality For Families With In-Suite Laundry | Nestled On A Large Lot With Ample Parking In The Alley | Situated Close To Schools, Transit, Shopping & Stoney Trail | Inside Pictures Are Of Unit 4 Which Was Recently (2022) Renovated | No Inside Pictures Of Other Units. More details
    Listed by Real Broker
    LISTING DETAILS

  • 89 & 93 Creekstone Drive SW, Calgary

    89 & 93 Creekstone Drive SW Pine Creek Calgary T2X 4Y2
    Main Photo: 89 & 93 Creekstone Drive SW, Calgary

    89 & 93 Creekstone Drive SW Calgary T2X 4Y2 Pine Creek

    $1,399,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2230790
    Floor Area:
    3,272 sq. ft.
    Prime not-to-miss investment opportunity in this legal fourplex in the Creekstone area of the popular Southwest Calgary neighbourhood of Pine Creek. Live in 1 unit & rent out the other 3, or rent out all 4…each side of this two storey property has vinyl plank floors & quartz counters, 3.5 bathrooms & 4 bedrooms, detached 2 car garage & big backyard with deck. The upper level units (main & 2nd floors) have fantastic open concept designs with large living rooms with East-facing windows, spacious dining rooms with West-facing windows & sleek kitchens with subway tile backsplash, oversized centre islands & Whirlpool stainless steel appliances including gas stoves. There are 3 bedrooms & 2 full bathrooms on the 2nd floors, & features primary bedrooms with recessed ceilings, walk-in closets & ensuites with quartz-topped double vanities. Between the bedrooms are cozy lofts with recessed ceilings & laundry closets with Whirlpool washers & dryers. The legal 1 bedroom basement suites – with separate entrances, have large kitchens with stainless steel appliances & quartz counters, great-sized rec rooms, full bathrooms & laundry with stacking washer/dryer. The upper level units have decks with gas BBQ lines, & each side has a detached 2 car garage. Prime location with quick easy access to both Stoney & Macleod Trails, just minutes to Spruce Meadows & Shawnessy Towne Centre, Fish Creek Park & Sikome Lake, South Health Campus & downtown. More details
    Listed by Royal LePage Benchmark
    LISTING DETAILS

  • 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

    $3,000,000
    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

  • 438 15 Avenue NE, Calgary

    438 15 Avenue NE Renfrew Calgary T2E 1H4
    Main Photo: 438 15 Avenue NE, Calgary

    438 15 Avenue NE Calgary T2E 1H4 Renfrew

    $2,400,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2234193
    Floor Area:
    2,594 sq. ft.
    WATCH THE VIRTUAL WALKTHROUGH AND STEP INSIDE YOUR FUTURE HOME TODAY! EXPERIENCE IT BEFORE IT'S BUILT | Exceptional Investment Opportunity | Projected yearly rental income of $153,600. Brand New 4 plex in Prime Inner-City Location | Welcome to 438 14 Avenue NE – a rare and exquisite offering in the heart of Calgary’s desirable Renfrew community. This brand-new, purpose-built 4 plex showcases modern design, superior craftsmanship, and a prime location, making it a standout investment for savvy buyers or multi-generational families. Each of the 4 spacious units features 3 bedrooms, 2.5 bathrooms, and a thoughtfully designed open-concept layout ideal for today’s lifestyle. From 9-foot ceilings and large windows that flood the interiors with natural light to hardwood flooring and sleek quartz countertops, no detail has been overlooked. The gourmet kitchens include premium stainless steel appliances, stylish tile backsplash, and generous cabinetry perfect for both homeowners and tenants alike. The primary suites offer walk-in closets and spa-inspired ensuite bathrooms, while the secondary bedrooms provide ample space for guests, home offices, or growing families. Each unit also includes a private entrance, separate utilities, and dedicated parking, maximizing convenience and privacy. Located just minutes from downtown Calgary, with easy access to parks, schools, shopping, and transit, this property is ideally positioned for long-term rental income, Airbnb opportunities, or resale potential. The vibrant community of Renfrew offers a walkable lifestyle with nearby restaurants, cafes, and green spaces. Whether you’re expanding your real estate portfolio or seeking a high-performing asset, this turnkey 4 plex delivers the perfect balance of luxury, location, and long-term value. Don’t miss this unparalleled opportunity book your private tour today! More details
    Listed by Real Broker
    LISTING DETAILS

  • 206 43 Avenue SW, Calgary

    206 43 Avenue SW Parkhill Calgary T2S 1A9
    Main Photo: 206 43 Avenue SW, Calgary

    206 43 Avenue SW Calgary T2S 1A9 Parkhill

    $939,900
    Residential
    Status:
    Active
    MLS® Num:
    A2195138
    Bedrooms:
    6
    Bathrooms:
    4
    Floor Area:
    1,984 sq. ft.
    NEW PRICE! FULL DUPLEX in desirable Parkhill (one title). AMAZING opportunity to buy LAND in inner city now, rent both sides - or live here yourself & share costs + hold for future redevelopment. 55 x 100 ft lot. Basements are fully developed & have separate entrances: allowing possibility of adding 2 suites (subject to approval & permission by the city/municipality) - increasing the investment value! 1/2 duplexes selling in Parkhill for $525-595. NO condo fees! WALK to Stanley Park in mins. Located along Elbow River in SW Calgary, Stanley Park is a favourite destination for walking, running, picnicking, swimming, canoeing, tobogganing & lawn bowling. Ball Diamonds, Tennis, Pickleball. Direct access to the city's pathways & river network. 30 min walk to Mission/4th Street & all amenities, shopping, restaurants this vibrant area offers! Walk, bike, drive or take transit EASILY downtown! Close to Stampede Grounds! Airport easy 20 min drive. Close to LRT, Transit routes, Chinook centre. So many cool new breweries nearby in the "Barley Belt"! Roxboro off leash park close by. Take a walk around this neighbourhood & appreciate the growth. Homes selling here in the millions! WHOLE property measures at 3205.97 dev sq ft - 6 beds, 4 baths, 2 garages (upper=1983.78, lower=1222.19. 208 Side = 1598.63 dev sq ft (upper & lower), 3 beds, 2 baths, single garage. 206 Side = 1607.34 dev sq ft (upper & lower), 3 beds, 2 baths, single garage. You will appreciate refinished HW flooring on mn floors. The natural light & bright sunshine floods into both these upper level units & makes main level living/dining areas so welcoming!!!! Both sides have LARGE bedrooms, updated bathrooms. Both basements include large rec rooms, laundry, third bedrooms with EGRESS windows, full bathrooms & direct access to convenient attached single garages. Each side has a separate meter allowing utilities to be paid directly by each side/tenants. Roof, furnaces = 2014. NEW fridge on 208 side. NEW washer/dryer on 206 side. Hot Water tanks NEW 2025 both sides. Each side offers access to an amazing, private backyard space that is fully fenced. Your plants, dogs and/or kids will love it! Driveways offer parking for 2 cars on each side + loads of street parking. 206 has lower level tenant in place-till Aug 2025. Single male. Rent is $650.00/mth + 20% of utilities. Would love to stay! Home is NOT in the Flood Zone. Call your favorite agent to view this opportunity today! More details
    Listed by Royal LePage Benchmark
    LISTING DETAILS

  • 118 & 120 30 Avenue NW, Calgary

    118 & 120 30 Avenue NW Tuxedo Park Calgary T2M 2M9
    Main Photo: 118 & 120 30 Avenue NW, Calgary

    118 & 120 30 Avenue NW Calgary T2M 2M9 Tuxedo Park

    $999,900
    Residential
    Status:
    Active
    MLS® Num:
    A2206367
    Bedrooms:
    6
    Bathrooms:
    2
    Floor Area:
    2,058 sq. ft.
    *W*O*W* Opportunity knocks: double the doors - double the returns! This side-by-side duplex is your ticket to cash flow income, long-term wealth and provides endless potential. An amazing chance to turn this property into 4 fully contained, rental assets in a matter of months. The interior has been meticulously maintained over the years and provides a great starting palette. Enjoy the original hardwood flooring, inviting living area with large windows + functional kitchen. These mirrored floor plans boast 1,029 sqft, 3 bedrooms + 1 bathroom upstairs on each side and a complete open concept layout in the basement. With private entrances to each lower level, this has huge possibilities written all over it. The recently replaced furnaces and hot water tanks on both sides add to the appeal. Don't miss the double garage + extended parking pad in the back, providing adequate space for all future residents. Situated on a full 50 X 120 foot lot, this is not only an intelligent rental investment but a smart land acquisition. You know enough to buy real estate based on location: here you are a block from Tuxedo Park, walkable to bus stops, close to all daily amenities and 10 minutes into the downtown core. Contact your favourite Agent to obtain all details pertaining to the renderings, plans and financial projections. Brand new RPR on order. Act quick on this one, quality duplex properties rarely make it to market. Click to watch the interactive feature video on YouTube! More details
    Listed by CIR Realty
    LISTING DETAILS

  • 214,216 99 Avenue SE, Calgary

    214,216 99 Avenue SE Willow Park Calgary T2J 0J1
    Main Photo: 214,216 99 Avenue SE, Calgary

    214,216 99 Avenue SE Calgary T2J 0J1 Willow Park

    $1,799,000
    Residential
    Status:
    Active
    MLS® Num:
    A2210839
    Bedrooms:
    8
    Bathrooms:
    8
    Floor Area:
    3,298 sq. ft.
    Rare Opportunity to Own a Full Side-by-Side Duplex in the Highly Desirable Willow Park Neighborhood Presenting an exceptional opportunity to acquire a BRAND NEW BUILT with LEGAL BASEMENT SUITES & Both have SEPARATE DOUBLE DETACHED GARAGE in one of Calgary's most sought-after inner-city communities. Perfect as a investment property or a multi-generational home, this property offers versatile living options. Live in one side and rent out the other, or lease both for maximum income potential. Nestled on a serene, tree-lined street and situated on a bright south-facing lot, this home is just a few blocks from all the amenities and quick access to downtown and all transportation routes. Each side of duplex features this stylish, contemporary home with an open concept floor plan is bathed in natural light highlighting the high-end finishes, gleaming floors and lavish designer style. The bright living room overlooks the street with a casually elegant vibe that invites you to sit back and relax. Culinary adventures are inspired in the chef’s dream kitchen featuring premium quartz countertops and stainless-steel appliances including an electric stove, a large island, a plethora of cabinets and overlooking the adjacent dining room. Off the rear entrance is a handy mudroom with built-ins to hide away bags, jackets and shoes. Ascend the beautiful staircase illuminated by elegant lighting to the upper floor. The primary bedroom is an opulent oasis with an expansive walk-in closet and a luxurious ensuite boasting the vanity, a deep soaker tub and an oversized shower. Both additional bedrooms on this level are generously sized and share the 4-piece main bathroom. An upper-level laundry room further adds to your convenience. Step down to the fully finished basement with a separate entrance. A 4th bedroom and another full bathroom with separate laundry finishes the basement. The cherry on top is the insulated and drywalled double detached garage, which safely keeps your vehicles out of the elements. An electric car charger point can be added to the garage. This exceptional home is in a phenomenal inner-city location, perfect for your active lifestyle, walk to transit, schools, parks and recreation. Don't wait and call your favorite realtor to schedule a private viewing. More details
    Listed by RE/MAX iRealty Innovations
    LISTING DETAILS
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Data was last updated July 3, 2025 at 04:05 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.