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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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  • 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

    $3,399,888
    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 | ALL 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

  • 6815 5 Street SW, Calgary

    6815 5 Street SW Kingsland Calgary T2V 1A9
    Main Photo: 6815 5 Street SW, Calgary

    6815 5 Street SW Calgary T2V 1A9 Kingsland

    $3,199,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2251817
    Floor Area:
    4,998 sq. ft.
    Massive 4plex for with 4 Legal Suites in the basement of each unit! Thats 8 total units for rent complete with 4 Garages making this a superior rental property. The basements have access to their own private entrances! Beautiful design and modern finishes make this one of the best looking 4 plexes in Calgary. City center location means its minutes to Rocky view Hospital, close to downtown, near Mount Royal University and right beside Chinook Center. Providing prime rentals to students, hospital staff and downtown professionals. Upper units come complete with 2 bathrooms, 3 bedrooms, living, dining rooms and large kitchens. The basements are impressive as well, their own separate entrance, TWO bedrooms, single bathroom and spacious living room with kitchen complete with 9 foot ceilings. This 8-unit property (4 townhomes each with a legal suite) may qualify for CMHC’s MLI Select program, which can offer financing with down payments starting as low as 5% and extended amortizations. Eligibility and terms subject to lender and CMHC approval. More details
    Listed by Century 21 Bravo Realty
    LISTING DETAILS

  • 7604 21A Street SE, Calgary

    7604 21A Street SE Ogden Calgary T2C 0W2
    Main Photo: 7604 21A Street SE, Calgary

    7604 21A Street SE Calgary T2C 0W2 Ogden

    $2,790,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2267496
    Floor Area:
    5,251 sq. ft.
    A rare opportunity to acquire a brand-new 4-plex with 4 legal basement suites — a total of 8 fully self-contained rental units complete with 4 single garages — delivering exceptional income potential and long-term stability for any investor. Each lower suite enjoys its own private entrance, maximizing privacy, tenant appeal, and flexibility for leasing. Crafted with modern architecture and upscale finishes, this build stands out as one of the most impressive multi-family offerings in the SE corridor. Situated in the rapidly transforming community of Ogden, it offers quick access to major arteries including Glenmore Trail, Deerfoot Trail, Stoney Trail, industrial employment hubs, Quarry Park, downtown transit routes, schools, and amenities — making it an ideal, high-demand rental location. The upper units feature 3 bedrooms, 2 bathrooms, bright open-concept living and dining spaces, and contemporary kitchens with premium finishing throughout. The legal basement suites include 9' ceilings, 2 bedroom, 1 bathroom, and well-planned layouts for efficient and comfortable living. Built to a higher construction standard with thoughtful design, including a unique drive-in configuration for easy garage access, this 8-unit asset is also eligible for CMHC MLI-Select (subject to lender/CMHC approval), allowing potential reduced down payment and extended amortization options. A true turn-key multi-unit investment in a high-growth SE community — opportunities of this caliber are rarely available. Contact for full details. More details
    Listed by MaxWell Canyon Creek
    LISTING DETAILS

  • 433 53 Avenue SW, Calgary

    433 53 Avenue SW Windsor Park Calgary T2V 0B8
    Main Photo: 433 53 Avenue SW, Calgary

    433 53 Avenue SW Calgary T2V 0B8 Windsor Park

    $2,999,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2268062
    Floor Area:
    4,976 sq. ft.
    A rare opportunity to own a brand-new 4plex with 4 legal basement suites — a total of 8 self-contained units combining modern design, exceptional construction quality, and unbeatable inner-city convenience. Located in the desirable community of Windsor Park, just steps from Chinook Centre, Britannia Plaza, schools, and major transit routes, this property offers a premium investment opportunity with strong rental demand. Each upper unit features 3 bedrooms, 2.5 bathrooms, and an open-concept main floor with designer kitchens, quartz countertops, and luxury vinyl plank flooring. The legal basement suites include 9-ft ceilings, 2 bedroom, 1 bathroom, and bright, functional layouts with private side entrances — ideal for maximizing rental income or multi-generational living. Designed and built to the highest standards, this project showcases a modern architectural aesthetic, durable exterior materials, and thoughtful layouts throughout. With 8 rentable units and ample parking, it presents an exceptional opportunity for investors seeking steady cash flow and long-term appreciation. Eligible for CMHC MLI Select (subject to lender and CMHC approval) — allowing potential low down payment and extended amortization. A true turnkey multi-family investment in one of Calgary’s most central and accessible neighborhoods. More details
    Listed by MaxWell Canyon Creek
    LISTING DETAILS

  • 2604 18 Street SW, Calgary

    2604 18 Street SW Bankview Calgary T2T 4T5
    Main Photo: 2604 18 Street SW, Calgary

    2604 18 Street SW Calgary T2T 4T5 Bankview

    $3,899,600
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2291253
    Floor Area:
    8,064 sq. ft.
    Brand New 8 Plex Investment Opportunity in Bankview with Completion set for November 1, 2026 **An exceptional opportunity to add a HIGH END building to your portfolio in the sought-after inner-city community of Bankview!! This thoughtfully designed development features 4 - three storey townhomes, each offering over 2016 sq ft (builders plans)3 bedrooms and 3.5 bathrooms, spacious layouts, and private upper decks with downtown views. The property also includes 4 - lower level 788 sq ft (builders plans) 2 bedroom suites creating eight well appointed rental units in total, plus four detached garages. Built with quality and comfort in mind, the project will feature hardwood flooring, in-floor heating in the basement suites, upgraded windows, contemporary lighting and fixtures, and private entrances for each unit, delivering a modern rental product designed to attract long term tenants. Ideally located just steps from the vibrant shops, restaurants, and nightlife of 17th Avenue SW and only minutes to downtown Calgary, this property offers outstanding convenience and strong tenant appeal. Investors can also take advantage of CMHC MLI Select financing while benefiting from Calgary’s strong and growing rental market. Contact us today for a full list of features, upgrades, and additional investment details. More details
    Listed by Century 21 Bamber Realty LTD.
    LISTING DETAILS

  • 3719 14A Street SW, Calgary

    3719 14A Street SW Altadore Calgary T2T 3Y1
    Main Photo: 3719 14A Street SW, Calgary

    3719 14A Street SW Calgary T2T 3Y1 Altadore

    $3,550,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2291909
    Floor Area:
    7,232 sq. ft.
    An excellent opportunity to expand your investment portfolio in the heart of Marda Loop. This BRAND NEW 8 unit complex is complete and ready for immediate possession. All units are fully occupied Situated on a large 50x125 ft. lot, on a tree lined street, just steps from river park and the heart of marda loop. Easy transit access to MRU and downtown. The upper 3 storey units offer over 1800 sqare feet on three levels, above grade and an addtional 575 square feet basement suites with separate entrances (Units can be connected to basement directly if desired) High quality modern finishes throuhout this spacious townhouse. Hardwood, quarts, stainless steel appliances, ceramic tiles. Each upper unit features three bedrooms and 3 and a half baths. An excellent main level with living, dining and large kitchen with Island. The second floor boats two large bedrooms both with large closets and ensuites. The top third floor showcases an amazing Primary suite complete with a huge walk in closet, large ensuite with walk in 2 person shower. Dual sinks, and a full east facing private balcony. The basement suites boast high ceilings, full moden kitchens, ensuite laundry and separate spacious bedrooms with large closets. Single detached garages for all units. (4) Rental rates in the area have remained stable with low pre dominant vacancy. Furnished units can attain more and can be included in the purchase price as required. Full appliance packages for all 8 units included, and all units a separately metered. A great opportunity in a thriving community. All units now rented with a gross income of $206,000. More details
    Listed by RE/MAX Realty Professionals
    LISTING DETAILS

  • 411 6 Street NE, Calgary

    411 6 Street NE Bridgeland/Riverside Calgary T2E 3Y2
    Main Photo: 411 6 Street NE, Calgary

    411 6 Street NE Calgary T2E 3Y2 Bridgeland/Riverside

    $1,199,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2293748
    Floor Area:
    3,190 sq. ft.
    OPEN HOUSE ON SUNDAY MAY 17 FROM 2-4 pm. Rare opportunity to own a 2-storey legal 4-plex (2 front + 2 back) with 4 Separate meters and 5 parking stalls in the heart of Bridgeland. Situated on an M-CG d111 zoned lot, this property offers excellent holding income with strong future redevelopment potential. Located in one of Calgary’s most sought-after inner-city communities, just minutes to downtown, transit, parks, and vibrant local amenities. High-demand rental location with long-term upside—perfect for investors looking to secure a prime asset in a rapidly growing area. More details
    Listed by RE/MAX Realty Professionals
    LISTING DETAILS

  • 206 23 Avenue NE, Calgary

    206 23 Avenue NE Tuxedo Park Calgary T2E 1V7
    Main Photo: 206 23 Avenue NE, Calgary

    206 23 Avenue NE Calgary T2E 1V7 Tuxedo Park

    $3,000,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2299052
    Floor Area:
    5,995 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. Please note: Photos are AI generated. More details
    Listed by Royal LePage METRO
    LISTING DETAILS

  • 4632 85 Street NW, Calgary

    4632 85 Street NW Bowness Calgary T3P 2R7
    Main Photo: 4632 85 Street NW, Calgary

    4632 85 Street NW Calgary T3P 2R7 Bowness

    $2,850,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2303959
    Floor Area:
    5,004 sq. ft.
    Welcome to a brand new, purpose-built 4-plex with legal basement suites in Bowness, Calgary, offering a total of 8 self-contained residential units and over 7,400 sq.ft. of professionally designed living space. This is a rare opportunity to acquire a turnkey, income-generating multi-family asset in one of Calgary’s most rapidly evolving and investor-focused communities. Located in Bowness, the property benefits from strong rental demand driven by proximity to the Bow River, Bowness Park, Canada Olympic Park, and convenient access to downtown Calgary. With ongoing redevelopment and increasing tenant demand, Bowness continues to emerge as a key inner-city investment node with long-term upside. The property features 4 spacious above-grade units, each offering approximately 1,200+ sq.ft. of modern, open-concept living. These units are designed with functional layouts, large windows, and contemporary finishes, creating bright, livable spaces that appeal to quality tenants and support strong rental rates. Complementing the main units are 4 fully legal basement suites (approx. 620 sq.ft. each), each with private entrances, efficient floorplans, and comfortable living spaces. This configuration significantly enhances the overall revenue profile, making this an ideal asset for investors focused on maximizing cash flow and long-term performance. As a new construction multi-family property, this asset offers low maintenance requirements, modern construction standards, and reduced capital expenditure risk. The exterior showcases clean, contemporary architecture with durable, high-quality finishes, contributing to long-term durability and strong curb appeal. From an investment standpoint, the property is supported by a projected cap rate of 5.32% and a DSCR of 1.17, offering a balanced profile of income stability and financing viability. A detailed pro forma is available in the supplements, providing further insight into projected rents, operating costs, and overall performance. The efficient unit mix, separate entrances for all suites, and thoughtful design support a wide range of tenant profiles, helping to drive consistent occupancy and stable rental income in a supply-constrained market. This opportunity may also align with CMHC MLI Select financing (subject to lender and CMHC approval), presenting the potential for enhanced leverage and improved long-term returns. An exceptional opportunity to acquire a newly built 8-unit multi-family property in Bowness, combining strong in-place income potential, modern construction, and exposure to one of Calgary’s most active redevelopment corridors. More details
    Listed by Real Broker
    LISTING DETAILS

  • 934 5A Street NW, Calgary

    934 5A Street NW Sunnyside Calgary T2N 1R6
    Main Photo: 934 5A Street NW, Calgary

    934 5A Street NW Calgary T2N 1R6 Sunnyside

    $1,800,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2305081
    Floor Area:
    4,220 sq. ft.
    Welcome to Sunnyside—one of Calgary’s most sought-after inner-city communities, just steps from the vibrant amenities of Kensington. This exceptional multi-family property presents a prime investment opportunity with strong existing income and additional upside potential. The building features four fully self-contained units, each offering 1,046–1,061 sq ft of well-designed living space, complete with 3 bedrooms and 1.5 bathroom. All units have been recently renovated with durable vinyl plank flooring throughout, while two units feature updated cabinetry and quartz countertops. As part of these upgrades, each suite is equipped with convenient in-unit laundry, enhancing both tenant comfort and long-term rental appeal. The mechanical systems—individual furnaces and hot water tanks for each unit—are located in the basement, supporting efficient maintenance and operation. Three of the four units are currently tenanted, generating $7,400/month in rental income, with tenants paying their own utilities. The fourth unit was most recently rented for $2,800/month, highlighting the strong revenue potential and immediate upside for investors. Additionally, there is potential to develop two basement units, offering a valuable opportunity to further increase cash flow and maximize returns. The property also includes four outdoor parking stalls, adding to tenant convenience and overall appeal. Ideally located, this property is just moments from Memorial Drive, the iconic Peace Bridge, and an abundance of shops, restaurants, parks, and transit options. Directly across the street, a community park and open green space serve as a year-round gathering place, including a popular outdoor skating rink in the winter months—enhancing the property’s appeal to tenants seeking both lifestyle and convenience. Whether you’re a seasoned investor or looking to expand your portfolio, this is a rare opportunity to acquire a turnkey asset in a high-demand rental location with future development upside. More details
    Listed by eXp Realty
    LISTING DETAILS

  • 1236 17 Avenue NW, Calgary

    1236 17 Avenue NW Capitol Hill Calgary T2M 0P8
    Main Photo: 1236 17 Avenue NW, Calgary

    1236 17 Avenue NW Calgary T2M 0P8 Capitol Hill

    $3,150,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2311508
    Floor Area:
    5,476 sq. ft.
    Welcome to 1236 17 Avenue NW, a rare opportunity to acquire a brand new, purpose built four plex with 4 fully legal basement suites, totalling 8 self contained units in one of Calgary's most strategically located inner city communities. This is not just a property, this is a fully built, turnkey cash flow machine sitting directly opposite SAIT Polytechnic on the high visibility 16th Avenue NW corridor, where tenant demand is as strong and consistent as anywhere in the city. The location is simply unmatched. Situated in Capitol Hill, you are literally steps from SAIT Polytechnic , one of Canada's largest post secondary institutions with over 40,000 students and staff actively seeking quality housing. Add close proximity to the University of Calgary, Foothills Medical Centre, you have a virtually inexhaustible pipeline of high quality tenants- students, healthcare professionals, faculty, and downtown professionals. With downtown Calgary just 12 minutes away, the Jubilee C Train station nearby, and 16th Avenue providing direct arterial access across the city, this location commands premium rents and near zero vacancy year round. The property delivers approx 5500 sq.ft. of above grade living space across 4 beautifully designed two storey townhome style units, each complemented by a fully legal 530 sq.ft. basement suite with its own private entrance. The 4 upper units each offer an open concept main floor with modern kitchen, living and dining areas plus a second floor of with spacious bedrooms and full bathrooms. The 4 legal basement suites each provide 530 sq.ft of bright, efficiently designed living space with fully private, separate entrances. The property also includes a detached 4 car garage plus dedicated mobility storage. From an investment standpoint, Capitol Hill's rental market is driven by persistent post secondary demand, near zero vacancy, Calgary's no-rent-control environment, and continued inner-city intensification. With 8 fully legal, rentable doors in a market where quality supply is chronically constrained, this property is positioned to deliver strong, stable cash flow. This property also qualifies for CMHC MLI Select financing, offering potential access to 95% LTV, 50 year amortization, and significantly enhanced leverage, subject to lender and CMHC approval. Opportunities like this fully built, fully legal, 8 units, steps from SAIT do not come available often. Contact us today and arrange a private showing before this one is gone. More details
    Listed by Real Broker
    LISTING DETAILS

  • 4832 20 Avenue NW, Calgary

    4832 20 Avenue NW Montgomery Calgary T3V 0B3
    Main Photo: 4832 20 Avenue NW, Calgary

    4832 20 Avenue NW Calgary T3V 0B3 Montgomery

    $2,899,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2310287
    Floor Area:
    4,330 sq. ft.
    Arriving August 2026 in prime Montgomery, this Modern Courtyard 4-Plex presents a superior 8-unit investment asset comprising four 3-bedroom, 2.5-bathroom upper homes and four 1-bedroom, 1-bathroom legal basement suites complete with full kitchens and in-suite laundry. Purpose-built to qualify for CMHC MLI-Select financing through the Energy Efficiency pathway, this project offers investors favorable terms without the need for rent caps. The innovative duplex-courtyard-duplex layout delivers a quiet, low-density feel with exceptional privacy, abundant natural light, and generous outdoor separation—unique design elements that enhance livability and support higher rental income. Operational management is optimized via a separate mechanical room and full sub-metering, featuring 8 individual gas, water, and electric meters. The exterior includes thoughtfully landscaped outdoor areas designed for functionality and privacy, along with 4 dedicated parking stalls equipped with EV rough-ins. Buyers have the opportunity to customize finishes to preference prior to completion. Located steps from local schools, Shouldice Park, and the Bow River pathways, the property offers fast access to the University of Calgary, Foothills Hospital, and Market Mall, and is under 10 minutes to WinSport and the Trans-Canada Highway for easy mountain getaways, being just 1 hour to Canmore and 1 hour 15 minutes to Banff. More details
    Listed by Grand Realty
    LISTING DETAILS
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Data was last updated July 17, 2026 at 12:05 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.