Multi-Family Homes in Alberta
New Homes Alberta is your go-to source for locating and investing
in top-tier multi-family properties in Calgary and Edmonton
Gain access to the best duplexes, fourplexes, 8-plexes, and large apartment developments
in Calgary and Edmonton by submitting your details below!
What Are Multi-Family Homes?
Multi-family properties consist of two or more residential units within the same building, including duplexes, triplexes, fourplexes, and apartment complexes. These properties generate rental income, appreciate in value over time, and provide an efficient way to scale a real estate portfolio.
Why Invest in Multi-Family Real Estate?
Consistent Rental Income: Owning multiple units ensures multiple revenue streams.
Enhanced Financing Options: Programs like MLI Select offer favorable loan terms for multi-family acquisitions.
Portfolio Expansion: Managing one property with multiple units is more efficient than handling multiple single-family rentals.
Tax Savings: Investors benefit from depreciation write-offs and deductible expenses.
The Most Strategic Way to Build Wealth Through Real Estate
Imagine acquiring a high-income property with minimal upfront investment—putting down as little as 5% and spreading payments over 50 years. The MLI Select Program makes this achievable, though eligibility requirements apply. If you’re looking to maximize returns through multi-family real estate, we’ll help navigate the entire process.
Available Multi-Family Listings
Check below for multi-family properties on the open market. Contact us for access to exclusive properties before they hit the market.
423 10 Avenue NE in Calgary: Renfrew 4 plex for sale : MLS®# A2204533
423 10 Avenue NE CalgaryT2E 0X5 
$1,499,500Multi-Family- Status:
- Active
- MLS® Num:
- A2204533
- 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 detailsListed by The Real Estate District- Josh Clark
- 119 14 ST NW, CALGARY, AB T2N 1Z6
- 1 (403) 305-9167
- Contact by Email
2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2206809
2316 16 Street SW CalgaryT2T 4E7 $1,159,000Multi-Family- Status:
- Active
- MLS® Num:
- A2206809
- Floor Area:
- 1,177 sq. ft.
Why settle for a house or duplex when you can own a high-income fourplex for the same price? This fully upgraded, centrally located Bankview property offers unbeatable rental appeal—just steps from downtown, transit, parks, and vibrant 17th Avenue. Overlooking the scenic Bankview Community Garden, it provides a serene setting for tenants. Renovated in 2016, it features energy-efficient windows, a new roof, modern appliances, and a state-of-the-art glycol heating system that cuts heating costs by 60%. The four spacious 1-bedroom units (2,343 square feet total) each have in-suite laundry, storage, and private entrances, while the lower units enjoy walk-out access. A 148-square-foot utility room adds extra functionality, and ample parking ensures convenience. With market rents generating $72,000 annually ($1,600 upper, $1,400 lower) and room for future increases, this property delivers immediate positive cash flow and strong long-term appreciation. Let tenants pay your mortgage while you build wealth and secure your future. The astute investor can achieve semi or even full retirement upon purchase. Opportunities like this are rare—act now!More detailsListed by Datong Property Management Ltd.- Josh Clark
- 119 14 ST NW, CALGARY, AB T2N 1Z6
- 1 (403) 305-9167
- Contact by Email
1727 12 Avenue SW in Calgary: Sunalta 4 plex for sale : MLS®# A2215116
1727 12 Avenue SW CalgaryT3C 0R5 $1,299,900Multi-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 valueMore detailsListed by Royal LePage METRO- Josh Clark
- 119 14 ST NW, CALGARY, AB T2N 1Z6
- 1 (403) 305-9167
- Contact by Email
1421 & 1419 1 Street NW in Calgary: Crescent Heights 4 plex for sale : MLS®# A2222696
1421 & 1419 1 Street NW CalgaryT2M 2S7 $1,595,000Multi-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 detailsListed by Real Broker- Josh Clark
- 119 14 ST NW, CALGARY, AB T2N 1Z6
- 1 (403) 305-9167
- Contact by Email
447 Huntsville Crescent NW in Calgary: Huntington Hills 4 plex for sale : MLS®# A2224832
447 Huntsville Crescent NW CalgaryT2K 4W3 $1,299,000Multi-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 detailsListed by RE/MAX Real Estate (Mountain View)- Josh Clark
- 119 14 ST NW, CALGARY, AB T2N 1Z6
- 1 (403) 305-9167
- Contact by Email
301 5 Avenue NE in Calgary: Crescent Heights 4 plex for sale : MLS®# A2224734
301 5 Avenue NE CalgaryT2E 0K9 $3,000,000Multi-Family- Status:
- Active
- MLS® Num:
- A2224734
- 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 detailsListed by Greater Property Group- Josh Clark
- 119 14 ST NW, CALGARY, AB T2N 1Z6
- 1 (403) 305-9167
- Contact by Email
4835 Varsity Drive NW in Calgary: Varsity 4 plex for sale : MLS®# A2227084
4835 Varsity Drive NW CalgaryT3A 1Y1 $1,349,000Multi-Family- Status:
- Active
- MLS® Num:
- A2227084
- Floor Area:
- 2,836 sq. ft.
This well kept bilevel 4 plex is located in Varsity community in northwest Calgary. Each unit is 706 sf (RMS) main level of and additional 641 sf on the lower level, 3 BR - 2 Bath with its own forced air furnace, hot water tank and electrical meters. 3 of the 4 units have been tastefully upgraded with vinyl plank flooring, new kitchen cabinets, kitchen counters and bathrooms. The 4th unit awaits your redecorating touch! The slightly sloped roof has a torch on roof which was installed in 2020. The tenants pay all utilities. There is plenty of parking in the rear of the building. This is a great location with nearby schools, access to public transportation, and access to U of C.More detailsListed by Michael Fleming Realty Corp.- Josh Clark
- 119 14 ST NW, CALGARY, AB T2N 1Z6
- 1 (403) 305-9167
- Contact by Email
1832 27 Avenue NW in Calgary: Capitol Hill 4 plex for sale : MLS®# A2228043
1832 27 Avenue NW CalgaryT2M 2J5 $3,200,000Multi-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 two thoughtfully designed buildings. Each building includes 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 detailsListed by Real Broker- Josh Clark
- 119 14 ST NW, CALGARY, AB T2N 1Z6
- 1 (403) 305-9167
- Contact by Email
4308 73 Street NW in Calgary: Bowness 4 plex for sale : MLS®# A2228244
4308 73 Street NW CalgaryT3B 2M1 $1,098,890Multi-Family- Status:
- Active
- MLS® Num:
- A2228244
- Floor Area:
- 2,422 sq. ft.
4308 73 Street NW | Investor Alert! | Prime Location! | Legal Four-Plex | Rare Opportunity To Own A Well-Maintained 4-Plex In The Highly Sought-After Community Of Bowness | All Four Units Are Spacious 3 Bedroom 2 Bath Corner Units | Offering Excellent Functionality For Families With In-Suite Laundry | Nestled On A Large Lot With Ample Parking In The Alley | Situated Close To Schools, Transit, Shopping & Stoney Trail | Inside Pictures Are Of Unit 4 Which Was Recently (2022) Renovated | No Inside Pictures Of Other Units.More detailsListed by Real Broker- Josh Clark
- 119 14 ST NW, CALGARY, AB T2N 1Z6
- 1 (403) 305-9167
- Contact by Email
89 & 93 Creekstone Drive SW in Calgary: Pine Creek 4 plex for sale : MLS®# A2230790
89 & 93 Creekstone Drive SW CalgaryT2X 4Y2 $1,399,900Multi-Family- Status:
- Active
- MLS® Num:
- A2230790
- Floor Area:
- 3,272 sq. ft.
Prime not-to-miss investment opportunity in this legal fourplex in the Creekstone area of the popular Southwest Calgary neighbourhood of Pine Creek. Live in 1 unit & rent out the other 3, or rent out all 4…each side of this two storey property has vinyl plank floors & quartz counters, 3.5 bathrooms & 4 bedrooms, detached 2 car garage & big backyard with deck. The upper level units (main & 2nd floors) have fantastic open concept designs with large living rooms with East-facing windows, spacious dining rooms with West-facing windows & sleek kitchens with subway tile backsplash, oversized centre islands & Whirlpool stainless steel appliances including gas stoves. There are 3 bedrooms & 2 full bathrooms on the 2nd floors, & features primary bedrooms with recessed ceilings, walk-in closets & ensuites with quartz-topped double vanities. Between the bedrooms are cozy lofts with recessed ceilings & laundry closets with Whirlpool washers & dryers. The legal 1 bedroom basement suites – with separate entrances, have large kitchens with stainless steel appliances & quartz counters, great-sized rec rooms, full bathrooms & laundry with stacking washer/dryer. The upper level units have decks with gas BBQ lines, & each side has a detached 2 car garage. Prime location with quick easy access to both Stoney & Macleod Trails, just minutes to Spruce Meadows & Shawnessy Towne Centre, Fish Creek Park & Sikome Lake, South Health Campus & downtown.More detailsListed by Royal LePage Benchmark- Josh Clark
- 119 14 ST NW, CALGARY, AB T2N 1Z6
- 1 (403) 305-9167
- Contact by Email
206 43 Avenue SW in Calgary: Parkhill Full Duplex for sale : MLS®# A2195138
206 43 Avenue SW CalgaryT2S 1A9 $939,900Residential- Status:
- Active
- MLS® Num:
- A2195138
- Bedrooms:
- 6
- Bathrooms:
- 4
- Floor Area:
- 1,984 sq. ft.
NEW PRICE! FULL DUPLEX in desirable Parkhill (one title). AMAZING opportunity to buy LAND in inner city now, rent both sides - or live here yourself & share costs + hold for future redevelopment. 55 x 100 ft lot. Basements are fully developed & have separate entrances: allowing possibility of adding 2 suites (subject to approval & permission by the city/municipality) - increasing the investment value! 1/2 duplexes selling in Parkhill for $525-595. NO condo fees! WALK to Stanley Park in mins. Located along Elbow River in SW Calgary, Stanley Park is a favourite destination for walking, running, picnicking, swimming, canoeing, tobogganing & lawn bowling. Ball Diamonds, Tennis, Pickleball. Direct access to the city's pathways & river network. 30 min walk to Mission/4th Street & all amenities, shopping, restaurants this vibrant area offers! Walk, bike, drive or take transit EASILY downtown! Close to Stampede Grounds! Airport easy 20 min drive. Close to LRT, Transit routes, Chinook centre. So many cool new breweries nearby in the "Barley Belt"! Roxboro off leash park close by. Take a walk around this neighbourhood & appreciate the growth. Homes selling here in the millions! WHOLE property measures at 3205.97 dev sq ft - 6 beds, 4 baths, 2 garages (upper=1983.78, lower=1222.19. 208 Side = 1598.63 dev sq ft (upper & lower), 3 beds, 2 baths, single garage. 206 Side = 1607.34 dev sq ft (upper & lower), 3 beds, 2 baths, single garage. You will appreciate refinished HW flooring on mn floors. The natural light & bright sunshine floods into both these upper level units & makes main level living/dining areas so welcoming!!!! Both sides have LARGE bedrooms, updated bathrooms. Both basements include large rec rooms, laundry, third bedrooms with EGRESS windows, full bathrooms & direct access to convenient attached single garages. Each side has a separate meter allowing utilities to be paid directly by each side/tenants. Roof, furnaces = 2014. NEW fridge on 208 side. NEW washer/dryer on 206 side. Hot Water tanks NEW 2025 both sides. Each side offers access to an amazing, private backyard space that is fully fenced. Your plants, dogs and/or kids will love it! Driveways offer parking for 2 cars on each side + loads of street parking. 206 has lower level tenant in place-till Aug 2025. Single male. Rent is $650.00/mth + 20% of utilities. Would love to stay! Home is NOT in the Flood Zone. Call your favorite agent to view this opportunity today!More detailsListed by Royal LePage Benchmark- Josh Clark
- 119 14 ST NW, CALGARY, AB T2N 1Z6
- 1 (403) 305-9167
- Contact by Email
73 & 75 Dalton Bay NW in Calgary: Dalhousie Full Duplex for sale : MLS®# A2200189
73 & 75 Dalton Bay NW CalgaryT3A 1H7 $1,150,000Residential- Status:
- Active
- MLS® Num:
- A2200189
- Bedrooms:
- 8
- Bathrooms:
- 4
- Floor Area:
- 1,898 sq. ft.
Don’t miss this RARE opportunity to own this FULL DUPLEX featuring FOUR separate suites! Ideally located just 5 minutes from the university! This unique find is perfect for investors or those looking to generate rental income. Each unit offers modern, spacious living areas with cozy bedrooms and well-designed layouts that ensure comfort and privacy. The duplex is designed for maximum rental potential, with separate entrances providing tenants with convenience and autonomy. This location is unbeatable for university students, faculty, or staff looking for close proximity to campus, as well as easy access to local shops, restaurants, and public transit. Whether you are looking for a high-yield rental property, a multi-generational living arrangement, or a combination of both, this property offers incredible flexibility. The large lot also provides plenty of outdoor space for tenants to enjoy, and the well-maintained building means minimal upkeep. This is a prime opportunity to secure a rare and highly profitable investment in a sought-after area. Opportunities like this don’t come often – act fast!!!More detailsListed by eXp Realty- Josh Clark
- 119 14 ST NW, CALGARY, AB T2N 1Z6
- 1 (403) 305-9167
- Contact by Email
Data was last updated June 23, 2025 at 12:05 PM (UTC)
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At New Homes Alberta, we pride ourselves on being more than just a real estate team; we are your neighbors, your community members, and your best guide to the Alberta real estate market. Born and raised right here in Alberta, our team embodies a deep-rooted understanding of the local landscape, offering insights and expertise that can only come from true locals.
The majority of New Build and Pre Construction real estate teams are based out of province, with Toronto being a prominent location for most of these agents. However, in order to invest in the right preconstruction project to maximize return and enjoyment, it is essential to work with a team of agents who not only are in the location in which you plan on investing in, but also knows the area market inside and out.
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Gain access to Alberta’s top multi-family investments before they hit the market.
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Receive professional insights on cash flow, cap rates, and ROI.
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Work with mortgage brokers who specialize in multi-family financing.
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What You Need to Know About Investing in Multi-Family Homes in Alberta
A multi-family home is a property with two or more rental units. Common types include duplexes, triplexes, fourplexes, and apartment buildings with multiple units.
A single-family home is designed for one household, whereas a multi-family home consists of multiple units that can be rented out to different tenants, creating multiple income streams.
Yes! Multi-family properties provide consistent rental income, better financing options, scalability, and long-term appreciation, making them one of the best strategies for building wealth in real estate.
Yes, but only under the MLI Select Program offered by CMHC. This program allows investors to purchase multi-family homes with 5% down and a 50-year amortization, provided the property meets eligibility criteria. Contact us, for more information on the MLI Select Program.
The MLI Select Program provides longer amortization, lower down payments, and better financing terms for properties that meet CMHC’s scoring system based on affordability, environmental impact, and accessibility.
To qualify, you must have:
- Net worth of at least 25% of the property’s purchase price.
- Liquid assets equal to at least 10% of the purchase price.
- A property with at least 5 rental units that meets CMHC’s scoring criteria.
We specialize in duplexes, fourplexes, 8-plexes, mid-sized apartment buildings, and large-scale rental developments.
We conduct a pro forma financial analysis, factoring in cash flow, cap rates, appreciation potential, and expense ratios to ensure you make a profitable investment.
No. You can invest remotely with our full-service support, but CMHC favors investors who live within a commutable distance of their investment. If you’re from out of province, we can help you partner with a local investor to meet CMHC’s requirements.
Rental income is based on market rent, unit type, location, and demand. We provide detailed rental market analysis to help investors project cash flow.
Yes. Investors can depreciate the property, deduct expenses (mortgage interest, repairs, property management), and use capital gains strategies to reduce taxes.
Each city has zoning regulations that dictate how many units can be built, parking requirements, and tenant rules. Our team ensures your investment aligns with local zoning laws.