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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

  • 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 this corner lot building. The 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

  • 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

  • 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, fully tenanted 8-unit asset with legal suites and luxury finishes. Backed by solid rent fundamentals, 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. Brand New 6-Plex. potential to 8 Plexes currently they are 4 main dwelling size 1900 average each total 7600 sqf above grade. 4 legal basement average 600 sqf total 2400 sqf which mean 10,000 of living space the basement legal suit are in the process of being legal suits by the city of calgary. Prime Calgary SW (Bankview) Rental Income Potential: Main units: $3,500 – $4,500/month Basement suites: $1,500/month Total projected rent: $20,000 – $24,000/month Similar nearby units rent at $30/sq. ft., underscoring the income potential. Key Investment Highlights: 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

  • 2112/2114 35 Avenue SW, Calgary

    2112/2114 35 Avenue SW Altadore Calgary T2T 2E3
    Main Photo: 2112/2114 35 Avenue SW, Calgary

    2112/2114 35 Avenue SW Calgary T2T 2E3 Altadore

    $1,599,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2236255
    Floor Area:
    3,963 sq. ft.
    Discover this exceptional 4-corner, 4-plex situated on a 50' x 140' lot in one of Calgary’s most sought-after communities—Marda Loop. Each of the four spacious units is1480 sqft of developed living area and are fully self-contained, two-storey townhouse-style home with a fully developed basement, offering privacy, functionality, and comfort for tenants. Each unit features: 1480 sqft of living area, 2 bedrooms on the upper level 1 additional bedroom and a generous rec room in the basement. 2 full bathrooms In-suite laundry Private deck Separate utilities (tenants pay all utilities) This is a turnkey investment with strong rental appeal. Whether you're looking to expand your portfolio or own a cash-flowing property in an unbeatable location, this opportunity checks all the boxes. Steps away from shops, restaurants, parks, and transit, this property combines urban convenience with solid income potential. More details
    Listed by The Real Estate District
    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

    $2,150,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2236429
    Floor Area:
    4,052 sq. ft.
    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

    $1,425,000
    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
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Data was last updated July 19, 2025 at 10:05 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.