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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

  • 1526 & 1528 18 Avenue NW, Calgary

    1526 & 1528 18 Avenue NW Capitol Hill Calgary T2M 0W8
    Main Photo: 1526 & 1528 18 Avenue NW, Calgary

    1526 & 1528 18 Avenue NW Calgary T2M 0W8 Capitol Hill

    $2,098,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2236429
    Floor Area:
    4,052 sq. ft.
    **Open House on Sunday, September 14, 11am-1pm** Incredible investment opportunity in prime Capitol Hill! This brand new duplex package offers two stunning semi-detached homes — 1526 & 1528 18 Ave NW — each with a fully legal 2-bedroom basement suite. That’s four separate, income-generating units on two separate titles, giving you unmatched flexibility and future resale options. Each main residence features 10-ft ceilings, engineered hardwood, a designer quartz kitchen with an oversized island, and a bright living area with a sleek gas fireplace. Upstairs, enjoy a vaulted primary retreat with a spa-inspired 5-piece ensuite and walk-in closet, plus two more bedrooms, a full bath, and laundry. Each legal basement suite has a private side entrance, two large bedrooms, a full kitchen with quartz counters, separate laundry, and spacious living — perfect mortgage helpers or strong rental units. Extras include high-efficiency furnaces, HRV systems, R22/R50 insulation, roughed-in A/C, double garages, full landscaping, and Certified New Home Warranty. Live in one and rent out three, hold as a high-quality four-unit investment, or sell individually in the future — the options are endless. Steps to SAIT, U of C, parks, schools, and shops. Rare, versatile, and cash-flow ready — this is the ultimate inner-city investment play! More details
    Listed by RE/MAX iRealty Innovations
    LISTING DETAILS

  • 509,511 34 Avenue NE, Calgary

    509,511 34 Avenue NE Winston Heights/Mountview Calgary T2E 2K1
    Main Photo: 509,511 34 Avenue NE, Calgary

    509,511 34 Avenue NE Calgary T2E 2K1 Winston Heights/Mountview

    $1,475,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2235755
    Floor Area:
    1,692 sq. ft.
    This is the sale of 509, 511 34 AVE NE and the 2 additional Registered Secondary Suites identified as 509B (sticker 15228) and 511B (sticker 15227). There are a total of 4 rental units. Spacious units that were recently upgraded in 2024. Each unit has fridge, stove, microwave, dishwasher and all-in-one washer/dryer. Both of the upper suites have 2 Bedrooms 1 bathroom. The lower suite 509 B has 1 Bedroom and 2 bathrooms. 511B has 2 bedrooms and 1 bathroom. There are 4 furnaces, 2 gas meters and 2 electrical meters. In the back there is a one car garage and a separate storage unit More details
    Listed by Michael Fleming Realty Corp.
    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

  • 641 & 639 69 Avenue SW, Calgary

    641 & 639 69 Avenue SW Kingsland Calgary T2V 0P1
    Main Photo: 641 & 639 69 Avenue SW, Calgary

    641 & 639 69 Avenue SW Calgary T2V 0P1 Kingsland

    $1,374,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2239987
    Floor Area:
    1,933 sq. ft.
    Your chance to own 4 fully renovated legal suites, all with separate entrances! *VISIT MULTIMEDIA LINK FOR FULL DETAILS, INCLUDING 3D TOUR & FLOORPLANS!* Move-in ready, this stylish 4-plex in Kingsland has TWO 2-bedroom upper suites PLUS TWO 2-bedroom basement legal suites—perfect for investors, multigenerational families, or buyers seeking rental income to offset their mortgage. No condo fees mean you enjoy the freedom of full ownership with fewer restrictions and lower monthly costs. Located just 3 minutes from Chinook Centre and surrounded by shopping, dining, and amenities along Macleod Trail, this home offers incredible convenience. Commuters will love the proximity to both Heritage and Chinook LRT stations (only 4 minutes away), plus easy access to Glenmore and Macleod Trail for smooth travel across the city. For investors, both sides of this renovated duplex are available—purchase one or secure the entire property for maximum flexibility and future rental potential. The upper suite showcases a bright, open-concept layout with vaulted ceilings, large windows, and engineered hardwood flooring throughout. The brand-new kitchen is equipped with quartz countertops, stainless steel appliances, a tile backsplash, and generous cabinetry. Two spacious bedrooms with built-in closets are tucked away from the main living areas, while the 4-piece bathroom offers quartz counters, tiled flooring, and a fully tiled tub/shower combo. Convenient in-suite laundry with a stacked washer/dryer completes this level. The lower suite has its own private entrance and is fully legalized by the City of Calgary. Finished with luxury vinyl plank flooring, this beautifully updated space features a well-appointed kitchen with quartz counters and a tile backsplash, a dining nook, two bedrooms—including one oversized room with two large windows and built-in shelving—and a full 4-piece bathroom. Laundry rough-in is available in the mechanical room. Upgraded insulation throughout for energy efficiency and additional soundproofing between the suites for improved comfort and privacy. Enjoy the private, south-facing backyard—perfect for relaxing or catching some sun. A detached single garage and additional parking pad offer flexibility for parking or storage. Set in a mature, well-connected neighbourhood bordering Calgary’s inner city, Kingsland offers peaceful streets, quick access to Glenmore Reservoir and Heritage Park, and excellent access to schools, transit, and major roads. This is a fantastic opportunity to own a fully renovated investment property in a convenient location with income-generating potential. Book your private showing today! More details
    Listed by RE/MAX House of Real Estate
    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

    $3,399,900
    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

  • 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

  • 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

    $1,249,999
    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

  • 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.
    Open house 3:30-5pm. Sunday Sep 14, 2025. Offer will be presented 8-9pm Thursday Sep 18, 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

  • 2504 18 Street NW, Calgary

    2504 18 Street NW Capitol Hill Calgary T2M 3T6
    Main Photo: 2504 18 Street NW, Calgary

    2504 18 Street NW Calgary T2M 3T6 Capitol Hill

    $2,899,999
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2238958
    Floor Area:
    5,158 sq. ft.
    Incredible income-generating opportunity on a corner lot in sought-after Capitol Hill—ideal for students, professionals, and healthcare workers. This stucco-exterior property features 4 income-generating units, including illegal mother-in-law suites with separate entrances. The main floor includes a kitchen, family room, nook, and powder room, while the top floor boasts a primary bedroom with full ensuite, two additional bedrooms, full bathroom, and laundry. The lower-level illegal mother-in-law suite includes a bedroom, full bath, kitchen, and living room with private entrance. Enjoy high-efficiency HVAC systems, a four-car detached garage, and unbeatable proximity to downtown, public transit, Foothills Hospital, Children’s Hospital, the University of Calgary, SAIT, Confederation Park Golf Course, and scenic walking and biking paths. Seller will consider selling units separately. More details
    Listed by TREC The Real Estate Company
    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
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Data was last updated September 15, 2025 at 10:05 AM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

There are countless great multifamily properties posted above. Each with varying sizes, number of units, and unique characteristics creating a wide selection of investment opportunities. While the acquisition process for residential multifamily properties may be simpler, there are still quite a few factors to consider in the investment process. Please don’t hesitate to contact us today for advice or more information on listings that caught your eye.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.