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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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1-11/11

  • 416/416A/416B/414 54 Avenue SW, Calgary

    416/416A/416B/414 54 Avenue SW Windsor Park Calgary T2V 0C5
    Main Photo: 416/416A/416B/414 54 Avenue SW, Calgary

    416/416A/416B/414 54 Avenue SW Calgary T2V 0C5 Windsor Park

    $1,268,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2155298
    Floor Area:
    1,695 sq. ft.
    !!!$30,000 Drop!!!. Brand new furnace in 416A&B. ATTENTION INVESTORS and BUILDERS! Discover an exceptional opportunity to own a revenue property in the vibrant community of Winsor Park in Calgary. This well-maintained side-by-side duplex with 2 LEGAL NEWLY RENOVATED BASEMENT SUITES, double detached garage and fully landscaped backyard. 2 electric meters and 2 gas meters. Firewall installed. Ready to SPLIT TITLE. This property sits on a 60'x120' south-facing lot, perfect for future redevelopment. Featuring 4 units, each are 2 Bedroom Suites with separate entrances and laundry room. Living area (including all 4 units 416, 416A, 416B, 414) measurement is about 3400 sq ft. This property is conveniently located for an easy commute to downtown Calgary, public transit, c-train station and 10 minutes walking distance to Chinook Centre. Also close to Glenmore reservoir, Sandy Beach Park and Rocky view Hospital. All 4 units are occupied by excellent long term tenants, currently on a month to month basis. Showings are only available every Sunday from 1-4pm. Don't miss out on this amazing opportunity! More details
    Listed by Grand Realty
    LISTING DETAILS

  • 721 4 Avenue NE, Calgary

    721 4 Avenue NE Bridgeland/Riverside Calgary T2E 0K3
    Main Photo: 721 4 Avenue NE, Calgary

    721 4 Avenue NE Calgary T2E 0K3 Bridgeland/Riverside

    $974,800
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2168286
    Floor Area:
    1,598 sq. ft.
    **PRICE ADJUSTMENT & EASY TO SHOW** Opportunity knocks with this Detached Multi Family complex in Bridgeland. Situated on a Large RC-G Corner lot (45 X 110 SF) with a back alley. This complex has ONE vacant 3 BEDROOM (Main floor) Suite with an attached garage, TWO 1 BEDROOM Suites (south and east in the basement) and ONE bachelor suite (above the garage) and 2 oversized Single car garages. Currently 2 units are vacant making this an ideal situation for someone to live in the 3 bedroom and rent out the remaining 3 other units & the garage(s). Or for the savvy investor to capitalize on the low vacancy rate and put in their ideal tenants. This has endless potential for a buyer looking to subsidize the cost owning a property, or a developer looking to capitalize on a corner lot zoned for Multifamily, or an Investor looking to add to their portfolio. MUST BE SEEN TO BE APPRECIATED. More details
    Listed by Century 21 Bamber Realty LTD.
    LISTING DETAILS

  • 7106 & 7108 36 Avenue NW, Calgary

    7106 & 7108 36 Avenue NW Bowness Calgary T3B 1T8
    Main Photo: 7106 & 7108 36 Avenue NW, Calgary

    7106 & 7108 36 Avenue NW Calgary T3B 1T8 Bowness

    $1,798,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2178363
    Floor Area:
    4,070 sq. ft.
    BRAND NEW FOURPLEX, LEGAL SUITES SEPARATE ENTRYS - EACH UNIT BOASTS OVER 2800 SQFT LIVEABLE SPACE, 4 BATHS, 5 BEDS - 2 CAR DETACHED GARAGE, BACK YARD AND LANE - Welcome to this beautiful new home with modern finishing and high quality upgrades. This home begins with a foyer that leads to an OPEN FLOOR PLAN kitchen, living and dining room. This space features a fireplace to add warmth and large windows bring in a lot of natural light. A 2pc bathroom adjoins a MUD ROOM that provides access to the back patio and yard. A 2 CAR DETACHED GARAGE AND BACK LANE add convenience to this home. The upper level features 3 BEDS and 2 BATHS one of which is the primary with a 5PC ensuite, soak tub, double vanity and WALK IN CLOSET. A family and laundry room complete this level. The LEGAL SUITE WITH SEPARATE ENTRY AND LAUNDRY is complete with 2 bedrooms one of which has a WALK IN CLOSET. 1 bathroom, laundry and a large rec room complete this level. Both kitchens are complete with all STAINLESS STEEL APPLIANCES AND HIGH END CABINETRY. This home is in a solid location with schools, shops, biking/walk paths and the bow river all close by. More details
    Listed by Real Broker
    LISTING DETAILS

  • 1740 17 Avenue NW, Calgary

    1740 17 Avenue NW Capitol Hill Calgary T2M 0R9
    Main Photo: 1740 17 Avenue NW, Calgary

    1740 17 Avenue NW Calgary T2M 0R9 Capitol Hill

    $3,300,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2179657
    Floor Area:
    5,125 sq. ft.
    Capitol Hill! Exceptional investment opportunity,one-of-a-kind opportunity brand new infill 4-plex townhomes with 4 LEGAL BASEMENT SUITES with TWO BEDROOMS! Prime location, walking distance to Lions Park LRT, Schools(Capitol hill school), Shops( North Hill Shopping center) and amenities, close to SAIT and University of Calgary. The main level featuring 9 feet ceiling, open-concept with living room, kitchen equipped with soft close closets cabinet, quartz countertop, stainless steel appliances, and a huge center island, dining and powder room.3 bedrooms upstairs with 9 feet ceiling, including a luxurious master suite, 2.5 bathrooms, and a laundry area. The fully finished 9 feet celling basement in each unit includes a legal suite with 2 bedroom, bathroom, separate laundry, and hydronic slab heating, ensuring optimal privacy and comfort for tenants. Addition: 4 single garage and separate storage shed is included! This is a perfect candidate for the CMHC MLI select program if desired by buyer. The listing price is subjected to GST, which is 100% refundable through the CRA GST/HST rebate program. More details
    Listed by Grand Realty
    LISTING DETAILS

  • 535, 533 24th Avenue NW, Calgary

    535, 533 24th Avenue NW Mount Pleasant Calgary T2M 1X4
    Main Photo: 535, 533 24th Avenue NW, Calgary

    535, 533 24th Avenue NW Calgary T2M 1X4 Mount Pleasant

    $3,200,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2143418
    Floor Area:
    1,100 sq. ft.
    Attention developers & Investors this is a prime, inner city, Mount Pleasant land assemblage / 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 depth, 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. Proposed development plans are for an apartment building comprising of 49 purpose built rental units 43 - 1 bed units + 3 - 2 bed + 3 bachelor units w/1 level of underground parking - 41 stalls. 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 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 zoning 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 the proposed multi-family development plans or develop your own vision for a dynamic multi-family project catering to Calgary’s growing demand for housing or hold onto these inner-city Calgary properties with solid revenue generation for future redevelopment. Existing side by side properties currently generate $132,600 in gross annual income offering rental income during your planning phase. Note: Total SQFT / Building Area is the combined RMS measurements of the existing properties. 535 & 533 24th Avenue NW (built 1950) is a renovated bungalow 1108 sqft main floor legal suite with a 1031 sqft legal lower-level suite. 531 24th Avenue NW (built 1947) is a renovated 2-storey offering 2564 sqft above grade with a legal main floor + illegal upper-level suite(s) + 975 sqft illegal lower-level suite all in great condition. Develop the proposed plans, bring your own vision / plans 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

  • 735 67 Avenue SW, Calgary

    735 67 Avenue SW Kingsland Calgary T2V 0M4
    Main Photo: 735 67 Avenue SW, Calgary

    735 67 Avenue SW Calgary T2V 0M4 Kingsland

    $899,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2147977
    Floor Area:
    1,835 sq. ft.
    Kingsland duplex with 4 rental units. 735 67th is located just south of Chinook Center and an easy walk to both Elbow Drive to the west and MacLeod Trail to the east. To obtain maximum rents some thoughtful renovations will be required. Current rent as of August 1st is $1940/month for 2 rental units. The west side of the duplex is currently vacant and will require a full cosmetic upgrade to maximize market rents and apply for secondary suite approval. Use Showingtime to set up viewing of the vacant W2. More details
    Listed by Michael Fleming Realty Corp.
    LISTING DETAILS

  • 2213, 2215 23 Street SW, Calgary

    2213, 2215 23 Street SW Richmond Calgary T2T 5H6
    Main Photo: 2213, 2215 23 Street SW, Calgary

    2213, 2215 23 Street SW Calgary T2T 5H6 Richmond

    $1,149,900
    Residential
    Status:
    Active
    MLS® Num:
    A2150750
    Bedrooms:
    6
    Bathrooms:
    5
    Floor Area:
    1,592 sq. ft.
    This listing includes two semi-detached houses with 3 suites. Terrific location + situated on a 50 x 160 foot flat lot with west backyard to be enjoyed by all tenants as well as a large four car garage with a gas heater. Excellent investment/holding property. Currently the total monthly rent is $5575 per month plus utilities + two of the tenants are long term tenants. Nice curb appeal with newer roof - 2015, The upper suite is a cute renovated bungalow style home with large living room, 2 big bedrooms + nice layout. It is rented for $2000 per month with a lease till June 1, 2025. Below it is the second suite which is a legal suite , rented with a lease until July 1, 2025 for $1425 per month + offers large windows, renovated kitchen, 2 bedrooms + 2 bathrooms. The third unit, 2213, is bright + has a wood burning fireplace spacious bright kitchen + 3 bedrooms down. This one rents for $2150 per month with a lease until July 1, 2025. Excellent location close to shopping, restaurants, parks + downtown. More details
    Listed by Real Estate Professionals Inc.
    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

    $2,099,800
    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

  • 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

    $1,152,500
    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 developers & Investors this is a prime, inner city, Mount Pleasant land assemblage / 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 depth, 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. Proposed development plans are for an apartment building comprising of 49 purpose built rental units 43 - 1 bed units + 3 - 2 bed + 3 bachelor units w/1 level of underground parking - 41 stalls. 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 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 zoning 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 the proposed multi-family development plans or develop your own vision for a dynamic multi-family project catering to Calgary’s growing demand for housing or hold onto these inner-city Calgary properties with solid revenue generation for future redevelopment. Existing side by side properties currently generate $132,600 in gross annual income offering rental income during your planning phase. Note: Total SQFT / Building Area is the combined RMS measurements of the existing properties. 535 & 533 24th Avenue NW (built 1950) is a renovated bungalow 1108 sqft main floor legal suite with a 1031 sqft legal lower-level suite. 531 24th Avenue NW (built 1947) is a renovated 2-storey offering 2564 sqft above grade with a legal main floor + illegal upper-level suite(s) + 975 sqft illegal lower-level suite all in great condition. Develop the proposed plans, bring your own vision / plans 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 December 7, 2024 at 06:05 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.