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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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  • 2412 43 Street SE, Calgary

    2412 43 Street SE Forest Lawn Calgary T2B 1H7
    Main Photo: 2412 43 Street SE, Calgary

    2412 43 Street SE Calgary T2B 1H7 Forest Lawn

    $875,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2163308
    Floor Area:
    1,895 sq. ft.
    This is the investment opportunity you've been waiting for. Each side of the duplex measures almost 950 sq ft and have illegal suites downstairs. All the units are 2 bedroom and 1 4pc bathroom. Shared laundry downstairs on each side. Long term tenants, 7 years to almost 30 years. Rents are incredibly low and WELL UNDER market rates. Room to renovate and increase rents. 1 double garage and one single garage could be rented separately. Building has had significant updates over the last few years. Newer tar and gravel roof, newer HE furnaces and mid efficient HWTs. Tenants would love to stay but understand that they are not paying enough. 2410 (UP) is very well kept with a 30 year tenant and he also has the double garage. 2410 Downstairs is a 10 yr plus tenant but the unit needs to be emptied and updated. Current tenant there is a bit of hoarder. 2412 Upstairs is in decent condition, 7 year tenants with dogs and cats(could use a bit of a facelift) 2412 Basement has 9 year tenant and could definitely use a little bit of love. Build some equity through renovations and increase your cash flow, or live in one unit and rent the others. Lots of possibilities. Call your favourite Realtor to explore the options here. No showings without an accepted offer. More details
    Listed by RE/MAX Real Estate (Central)
    LISTING DETAILS

  • 2629 and 2631 25 Avenue SW, Calgary

    2629 and 2631 25 Avenue SW Killarney/Glengarry Calgary T3E 1Z3
    Main Photo: 2629 and 2631 25 Avenue SW, Calgary

    2629 and 2631 25 Avenue SW Calgary T3E 1Z3 Killarney/Glengarry

    $1,169,000
    Residential
    Status:
    Active
    MLS® Num:
    A2164971
    Bedrooms:
    5
    Bathrooms:
    3
    Floor Area:
    1,775 sq. ft.
    ATTN: INVESTORS & DEVELOPERS! Discover this exceptional 50-ft x 125-ft CORNER LOT in the highly sought-after KILLARNEY neighbourhood! This sale includes both sides of a semi-detached home, offering an incredible chance for full redevelopment or upgrading of the existing property with the potential for 4x legal or illegal rental suites (pending city permits and approvals). PRIME LOCATION: Killarney is perfect for families, with two schools within the community and several nearby parks, playgrounds, and fields. It’s also ideal for working professionals seeking a quick commute to downtown and access to all essential amenities. PROPERTY FEATURES: The current property offers a three-bed + den on one side and a two-bed + large storage room on the lower level of the other side. Both units enjoy kitchens that overlook a spacious backyard, along with generously sized living areas. The corner lot offers an abundance of outdoor space for tenants to enjoy, and with a paved alley right off 25 Ave, convenience is key! NEIGHBOURHOOD PERKS: Killarney blends the charm of a suburban feel with the benefits of an inner-city neighbourhood. It’s a community people fall in love with, boasting a mix of mature trees, modern infills, and a vibrant community association that offers a garden and various classes and activities. You’ll find shopping, restaurants, pubs, and recreational facilities just minutes away, with Westbrook Mall a quick 3-minute drive and downtown easily accessible via Bow Trail or the Westbrook LRT. The area is especially popular with young families and offers both public and separate schools. Mount Royal University is also located just to the south, adding to the appeal for potential tenants or homeowners. This is a rare investment opportunity with a desirable lot, prime location, and endless potential for redevelopment or renovation. Don’t miss out! More details
    Listed by RE/MAX House of Real Estate
    LISTING DETAILS

  • 339 & 341 Hendon Drive NW, Calgary

    339 & 341 Hendon Drive NW Highwood Calgary T2K 1Z6
    Main Photo: 339 & 341 Hendon Drive NW, Calgary

    339 & 341 Hendon Drive NW Calgary T2K 1Z6 Highwood

    $2,150,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2165690
    Floor Area:
    3,692 sq. ft.
    In a city that is low on housing and rentals this is an incredible opportunity to purchase a move in ready property that has 4 separate legal suites. Proudly designed and built by Vicon Homes LTD, a highly respected Alberta New Home Warranty certified builder, many hours went into creating the perfect design and layout. Located on a pretty tree-lined street with easy access to downtown, SAIT and the University of Calgary, there is also easy access out of the city. There is James Hardie siding and stone on the exterior with 25 year IKO Cambridge architectural asphalt shingles. As you enter the homes you will appreciate the conveniently located home offices. The main floors have an open concept with large living rooms, with fireplaces, dining areas and pretty kitchens with quartz counters, gas stoves, (with air fryer option), and spacious pantries. Upstairs have central bonus rooms and laundry rooms. The primary suites feature walk-in closets and 5 piece ensuites. These levels have two more generous bedrooms, and they could easily accommodate large families . This part of the property has two detached double garages plus street parking. The legal suites, with their own off-street parking spaces, are every bit as beautiful as the main floors. Separate side entrances give the tenants privacy when coming and going. There are two bedrooms in each legal suite, one with an ensuite and there are second full bathrooms. The layout in the legal suites was designed to accommodate at least two people in each and the bedrooms and bathrooms are on opposite sides of the units. The kitchens have stainless appliances, quarts counters and islands with breakfast bars. There are laundry rooms and open concept living rooms. Both the main floors and the legal suites have luxury vinyl plank flooring, and the main floors have air conditioning. These homes are fenced, landscaped and ready for immediate possession. Photos are from 339 Hendon Drive as it is staged, however, the two homes are the same just a mirror image of each other. The quality of this beautiful build must be viewed and appreciated in person. More details
    Listed by RE/MAX Realty Professionals
    LISTING DETAILS

  • 7110 & 7112 Hunterville Road NW, Calgary

    7110 & 7112 Hunterville Road NW Huntington Hills Calgary T2K 4J8
    Main Photo: 7110 & 7112 Hunterville Road NW, Calgary

    7110 & 7112 Hunterville Road NW Calgary T2K 4J8 Huntington Hills

    $895,000
    Residential
    Status:
    Active
    MLS® Num:
    A2167972
    Bedrooms:
    8
    Bathrooms:
    4
    Floor Area:
    1,930 sq. ft.
    7110 & 7112 Hunterville Road NW – Excellent Investment Property | Side By Side Duplex Is Located In Huntington Hills On A 64 FT x 110 FT Lot More details
    Listed by Real Broker
    LISTING DETAILS

  • 2034 28 Street SW, Calgary

    2034 28 Street SW Killarney/Glengarry Calgary T3E 2H4
    Main Photo: 2034 28 Street SW, Calgary

    2034 28 Street SW Calgary T3E 2H4 Killarney/Glengarry

    $1,199,000
    Residential
    Status:
    Active
    MLS® Num:
    A2166907
    Bedrooms:
    8
    Bathrooms:
    4
    Floor Area:
    1,946 sq. ft.
    Illegally suited full duplex with 4 self-contained units on an oversized 50 X 125 lot with 3753.9 SQFT of living space and 4 car garage! Investors will love that both sides of this illegally suited duplex are included in the sale – that’s 4 self-contained rental opportunities! Ideally located just 3 blocks to the Killarney Aquatic & Recreation Centre. Parking is never an issue thanks to 2 OVERSIZED double detached garages with parking for 4 vehicles plus plenty of extra parking on the street. All 4 units are well-maintained, 2 bedrooms, 1 bathroom with wood-burning fireplaces, separate entrances and their own separate laundry areas and own kitchens for ultimate privacy! The main floor units have expansive balconies overlooking the community and front yards with mature landscaping. The basement units have access to the large backyard with a patio area for summer barbeques and time spent unwinding. Exceptionally located in the much sought-after community of Killarney/Glengarry, ideal for any active lifestyle with trendy shops and restaurants, an easy bike ride to the Bow River and downtown, walking distance to schools, parks, the Killarney Aquatic Centre, the LRT and so much more. The location alone makes this wonderful 4 unit home an outstanding investment opportunity! More details
    Listed by Real Estate Professionals Inc.
    LISTING DETAILS

  • 2106 1 Street NW, Calgary

    2106 1 Street NW Tuxedo Park Calgary T2M 2T5
    Main Photo: 2106 1 Street NW, Calgary

    2106 1 Street NW Calgary T2M 2T5 Tuxedo Park

    $1,275,000
    Residential
    Status:
    Active
    MLS® Num:
    A2168942
    Bedrooms:
    3
    Bathrooms:
    1
    Floor Area:
    2,120 sq. ft.
    Attention Developers and Investors! This is a rare opportunity to own a four-plex in the highly coveted inner-city neighborhood of Tuxedo Park, on a MC-1 zoned lot. The property features four self-contained three-bedroom suites. Located within walking distance to key amenities such as transit, grocery stores, schools, parks, restaurants, and also offers quick access to downtown via Center Street. Each bungalow-style unit is self-contained with its own in-suite laundry, hot water tank, furnace, and each unit is individually metered. The upper units are accessed from the front of the building, while the two lower units are accessed from the side. All units have similar floor plans: living rooms at the front of the property leading to dining rooms across from the kitchens. Beyond the kitchens and down a hallway, you will find the mechanical and laundry rooms, a four-piece bathroom, and at the rear of the property, the three bedrooms. Parking is located at the rear of the property, beyond the backyards. The building features new windows throughout and the majority of the suites have been renovated or refurbished. Don’t miss this rare opportunity to own a fantastic revenue property with enormous future development potential. More details
    Listed by RE/MAX Real Estate (Central)
    LISTING DETAILS

  • 921 & 923 43 Street SW, Calgary

    921 & 923 43 Street SW Rosscarrock Calgary T3R 1A7
    Main Photo: 921 & 923 43 Street SW, Calgary

    921 & 923 43 Street SW Calgary T3R 1A7 Rosscarrock

    $1,025,000
    Residential
    Status:
    Active
    MLS® Num:
    A2168786
    Bedrooms:
    10
    Bathrooms:
    4
    Floor Area:
    1,985 sq. ft.
    FULL SIDE-BY-SIDE DUPLEX (With 1 Basement illegal Suite) and Separate Titles! This property generates $60,000 in annual revenue with plenty of room to increase rents. Featuring a newer roof and windows, the property boasts a west-facing backyard adjacent to greenspace and a school. All units have in-suite laundry for added convenience. Unit 921 rents for $2,400/month and offers 5 bedrooms, 2 full bathrooms, a fully finished basement, and over 1,800 sqft of living space. Unit 923A, fully renovated in 2016, rents for $1,600/month and includes 3 bedrooms and 1 full bathroom. The lower level of Unit 923 has an illegal basement suite with 2 bedrooms and 1 full bathroom, renting for $975/month. Additional highlights include a double detached garage and a fantastic inner-city location close to schools, parks, shops, public transit, and just minutes from downtown. Tenants are assumable, and the current rents are below market value. The property also includes an assumable mortgage at 2.19%, maturing on March 19, 2026. More details
    Listed by RE/MAX Real Estate (Central)
    LISTING DETAILS

  • 3326-3328 41 Street SW, Calgary

    3326-3328 41 Street SW Glenbrook Calgary T3E 3L2
    Main Photo: 3326-3328 41 Street SW, Calgary

    3326-3328 41 Street SW Calgary T3E 3L2 Glenbrook

    $1,450,000
    Residential
    Status:
    Active
    MLS® Num:
    A2167276
    Bedrooms:
    8
    Bathrooms:
    4
    Floor Area:
    1,845 sq. ft.
    Welcome to this stunning, fully renovated duplex located in the heart of Glenbrook! This exceptional property is a true gem, boasting modern finishes and an inviting open-concept layout that seamlessly combines style and functionality. Each unit has been meticulously designed to provide a comfortable and contemporary living experience. Step inside to discover brand-new kitchens equipped with sleek stainless steel appliances and beautiful countertops that make meal preparation a joy. Spacious living areas are drenched in natural light, creating an airy ambiance that enhances the overall appeal of the home. With separate entrances for each unit, this duplex offers both privacy and flexibility, making it an ideal investment for those seeking rental income or multigenerational living arrangements. The layout is perfect for tenants who desire their own space while still enjoying the benefits of communal living. Additionally, the property features a roof that is just two years old, ensuring durability and peace of mind for years to come. The inclusion of garages provides added convenience, offering secure parking and extra storage options for residents. Outside, the generous backyards provide private outdoor retreats that are perfect for entertaining friends or unwinding after a long day. Imagine hosting summer barbecues, enjoying quiet evenings under the stars, or cultivating a vibrant garden in these tranquil spaces. Situated in a vibrant neighborhood, this duplex is just a stone's throw away from parks, shops, and dining options, allowing residents to fully immerse themselves in the local community. Whether you’re looking for a smart investment opportunity or a charming place to call home, this turnkey property offers it all. Don’t miss your chance to own a piece of Glenbrook’s charm and modern living. More details
    Listed by CIR Realty
    LISTING DETAILS

  • 7228 & 7230 Ogden Road SE, Calgary

    7228 & 7230 Ogden Road SE Ogden Calgary T2C 1B6
    Main Photo: 7228 & 7230 Ogden Road SE, Calgary

    7228 & 7230 Ogden Road SE Calgary T2C 1B6 Ogden

    $1,150,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2167066
    Floor Area:
    1,760 sq. ft.
    Discover this exceptional full duplex featuring four self-contained legal suites, each with two bedrooms, perfect for maximizing rental income. Each suite boasts a cozy fireplace, in-suite laundry, and a separate entrance for added privacy. The upper suites offer inviting balconies, ideal for enjoying the outdoors. Recent upgrades include new siding, windows, and doors, all completed in 2024, along with composite decking and metal railings on the balconies. The roof was replaced in 2019, ensuring long-term durability and peace of mind. Currently, three units are rented, providing immediate income and showcasing the strong rental demand in the area. With an attractive cap rate of 5.75% and the potential for nearly $1,700 in monthly cash flow, this property presents a compelling investment opportunity. Located in an inner-city neighbourhood, it offers convenient access to downtown, parks, tennis courts, ball diamonds, schools, and a hockey arena. With four parking stalls in the back and a well-maintained exterior, this property is not to be missed! More details
    Listed by Century 21 Bravo Realty
    LISTING DETAILS

  • 531 24th Avenue NW, Calgary

    531 24th Avenue NW Mount Pleasant Calgary T2M 1X4
    Main Photo: 531 24th Avenue NW, Calgary

    531 24th Avenue NW Calgary T2M 1X4 Mount Pleasant

    $3,200,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2143394
    Floor Area:
    2,565 sq. ft.
    Attention Builders & Investors this is a prime, inner city, Mount Pleasant redevelopment site with MC-2 zoning. Don't miss this RARE OPPORTUNITY which includes lots 23, 24, 25 & 26 combined, offering 100' frontage x 180' lot length, approximately 18.000 sqft lot size or 0.41 acres. Fantastic inner-city location, close to Downtown Calgary. Properties 531 (Linc# 0019928655) along with 535 & 533 (Linc# 0019928647) 24th Avenue NW must be purchased together. Excellent multi-family residential redevelopment opportunity. There is a proposed development plan for an apartment building comprising of 49 purpose built rental units - 43 - 1 bedroom, 3 - 2 bedroom + 3 - bachelor units with 1 level of underground parking - 41 stalls. See land survey, geotechnical report, and ESA report available to view in the supplements, along with a recent commercial property appraisal $3.17 million (2023) of properties in their current state. Also, potential with the City of Calgary approval for new owner to rezone to build even more i.e. 75+ units with 2 levels of parking and potential commercial retail units (CRU's) at grade. MC2 is one of the highest medium-density zonings with tremendous flexibility to build commercial, multi-family, 4-6 storey apartment buildings are just some of the options with City of Calgary approval. Prime location within walking distance to Confederation Park, Mount Pleasant community amenities, schools, transit, shops & restaurants on 4th Street & 16th Ave NW. Quick commute to SAIT + Downtown Calgary, University of Calgary, Alberta Children’s Hospital & Foothills Hospital. This is an incredible opportunity to either develop a multi-family project or hold onto these inner-city Calgary properties with solid revenue generation for future redevelopment. Existing properties are revenue-generating side-by-side properties with South-facing backyards with garage/alley access. Note: Total SQFT / Building Area is the combined RMS measurements of the existing homes. 531 24th Avenue NW (built 1947) is a renovated 2-storey offering 2565 sqft above grade with 1 legal & 2 illegal suites, all in great condition. The main floor legal suite is 1470 sqft with hardwood floors, 2 bedrooms, a 5-piece bathroom, and a wood-burning fireplace. The upper-level illegal suite is 1100 sq ft with a living, dining room, 2 bedrooms, and a den with a private entrance. The lower-level illegal suite is 975 sqft, also with a separate entrance. 535 & 533 24th (built 1950) Avenue NW is a renovated bungalow with a legal lower-level suite. Main floor offers 1100 + sqft 2 bedrooms, dining room, living room, kitchen + a 4-piece bathroom. Lower-level legal suite with a separate entrance offers 1000+ sqft of living area, 1 bedroom, dining room, kitchen, living room + a 4-piece bathroom. Develop the proposed plan, bring your own vision to life or buy and hold - the possibilities are endless. Please do not disturb tenants/access property. Showings of properties subject to an accepted offer to purchase. More details
    Listed by Century 21 Bravo Realty
    LISTING DETAILS
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Data was last updated October 9, 2024 at 04:05 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.