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.
5004 Stanley Road SW in Calgary: Elboya 4 plex for sale : MLS®# A2199286
5004 Stanley Road SW CalgaryT2S 2R5 
$1,100,000Multi-Family- Status:
- Active
- MLS® Num:
- A2199286
- Floor Area:
- 1,912 sq. ft.
Welcome to an excellent investment opportunity in the heart of Elboya. This 4-plex features four well-maintained, fully rented units, each offering 2 bedrooms, a bathroom, spacious living room, modern kitchen, and a dining area. This property not only promises immediate cash flow but also holds significant potential due to its strategic location near the vibrant McLeod Trail with a wealth of new developments in the vicinity. Each unit is thoughtfully designed with two comfortable bedrooms, ensuring that tenants have ample space to call home. Common area laundry, designated parking pad in the rear. Access to all amenities are steps away, close to a variety or shopping centers, chinook center, restaurants and public transportation.More detailsListed by Real Estate Professionals Inc.- Josh Clark
- 119 14 ST NW, CALGARY, AB T2N 1Z6
- 1 (403) 305-9167
- Contact by Email
2217, 2219 48 Street SE in Calgary: Forest Lawn 4 plex for sale : MLS®# A2201193
2217, 2219 48 Street SE CalgaryT2B 1M3 $1,040,000Multi-Family- Status:
- Active
- MLS® Num:
- A2201193
- Floor Area:
- 1,993 sq. ft.
***** Open house 1-4pm Sat May 31 **** Investors Alert! Legal 4 plex for sale. Great location right off of 17 ave SE, yet a quiet area. One side of the duplex 2217 is Brand new and Rebuilt. New Floors,Kitchen,Drywall,Bathrooms, Tiles, furnaces and more. 2219 duplex is currently being rented on a month to Month bases but have been there for years. Each sides offers a spacious living room, with a good size dinning room with patio doors headed out to the balcony. Big windows offers abundance of Natural light through the home .Kitchen are well sized for the each units . Both side offers two 4pcs bathroom, One for upper Unit and one for basement unit. Parking can be found in the back of the house, Nice big flat lot, Currently zone MC-1. Close to Transit, Schools, shopping,personal services and many restaurants, All minutes away. Make this property apart of Your Real estate profile today. Live in and rent the others or Rent all 4 Units. Have a peace of mind that your Cash flow is legit and no one can report you! Buy this Legal 4plex today!More detailsListed by Century 21 Bravo Realty- Josh Clark
- 119 14 ST NW, CALGARY, AB T2N 1Z6
- 1 (403) 305-9167
- Contact by Email
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
919 32 Avenue NW in Calgary: Cambrian Heights 4 plex for sale : MLS®# A2222295
919 32 Avenue NW CalgaryT2K 0B1 $1,075,000Multi-Family- Status:
- Active
- MLS® Num:
- A2222295
- Floor Area:
- 2,038 sq. ft.
This well-maintained and upgraded legal 4-plex investment property is strategically located in the desirable neighborhood of Cambrian Heights and minutes to Confederation Park making it an ideal opportunity for investors seeking to enhance their portfolio with multi-family housing. Each unit features separate entrances, ensuring privacy for tenants while providing a cohesive community atmosphere. The property consists of four units, 2 two-bedroom, one-bathroom units, and 2 one-bedroom units that could be converted to two bedrooms as already 2 closets, each equipped with essential amenities such as a shared laundry on each side of the complex, updated modern white kitchens, and spacious living areas. With an attractive layout and ample natural light, these units appeal to a range of tenants, from young professionals to small families. The exterior of the building boasts a low maintenance facade with well-kept landscaping and designated parking spaces for tenants plus plenty of street parking. The property is compliant with all local zoning regulations and has been certified as a legal 4-plex, ensuring that each unit is recognized as a separate dwelling for legal and financial purposes. Investing in this 4-plex not only provides a steady stream of rental income but also offers potential for appreciation in an area with high demand for rental properties. The current occupancy rate is strong, with long-standing tenants in place, minimizing turnover and vacancy risks. This property stands out due to its low maintenance needs and the fact the kitchens and bathrooms have been updated in all units. Rental income could be increased and converting the utility costs back to the tenants would improve the income return. .There are 4 gas meters and 4 electrical meters. Whether you're a seasoned investor or new to real estate, this legal 4-plex presents a unique opportunity to invest in a thriving market with solid returns. Current rents are $1400/month for 2 bedrooms, $1100/month for one bedrooms. Insurance $2756, utilities $13,300, Property Tax $4,702.42, Repair and Maintenance $1,837(2024)More detailsListed by RE/MAX Real Estate (Central)- 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
131 & 135 Cornerstone Avenue NE in Calgary: Cornerstone 4 plex for sale : MLS®# A2226212
131 & 135 Cornerstone Avenue NE CalgaryT3N 1G7 $1,320,000Multi-Family- Status:
- Active
- MLS® Num:
- A2226212
- Floor Area:
- 3,179 sq. ft.
| LEGAL 4PLEX | Separate Titles | Separate Entrances | Four Furnaces | Over 1550 sqft above grade each | Two Detached Double Garages | Welcome to an exceptional investment opportunity or the perfect setup for multi-generational living in the desirable Cornerstone NE community! This unique property boasts two separate titles, offering incredible flexibility. Each side of the duplex features over 1550 sqft above grade, 3 Bedrooms, and 2.5 bathrooms above grade, and includes a 1-bedroom legal basement suite with a 4-piece bathroom, providing excellent rental income potential or private spaces for extended family. With four separate furnaces, each unit enjoys its own independent heating system. Adding even more value are the two double detached garages, providing ample parking and storage. Both properties are fully fenced and landscaped for your enjoyment and convenience. Cornerstone is a vibrant and growing community known for its diverse architectural styles, numerous parks and playgrounds, and convenient access to the Calgary International Airport, a wide array of shopping destinations, diverse restaurants, and various schools catering to all ages. Don't miss this rare chance to own a versatile property in a well-connected and thriving neighborhood! Basements are registered with The City of Calgary, sticker # are 920 & 921.More detailsListed by CIR Realty- Josh Clark
- 119 14 ST NW, CALGARY, AB T2N 1Z6
- 1 (403) 305-9167
- Contact by Email
1716 & 1718 10 Avenue NE in Calgary: Mayland Heights Full Duplex for sale : MLS®# A2187974
1716 & 1718 10 Avenue NE CalgaryT2E 0Y1 $1,290,000Multi-Family- Status:
- Active
- MLS® Num:
- A2187974
- Floor Area:
- 1,780 sq. ft.
** FULL DUPLEX SIDE BY SIDE ** Welcome to this completely renovated, impressive property that features a total of 8 bedrooms and 4 full bathrooms. This is an incredible opportunity to purchase a move-in-ready property that has legal basement suites in both units. There are 2 bedrooms and 1 bathroom in the MAIN LEVEL UNITS and 2 bedrooms and 1 bathroom in the LEGAL BASEMENT SUITES. All units are completely renovated, equipped with separate furnaces and laundry, and stainless steel kitchen appliances. TANKLESS HOT WATER SYSTEM in both units 1716 & 1718. Each unit features bright, open living spaces with functional layouts. This property is situated on an approximately 8395 sq ft lot with a 60 ft front to 110 ft depth. Mayland Heights is well known for its parks, schools, easy access to 16 Ave, Deerfoot Trail, great transit options, shopping malls nearby, and being conveniently located close to downtown. Whether you’re an experienced investor or just starting out, this property offers the perfect combination of location, value, and opportunity. Don’t miss your chance to own this unique duplex in one of the city’s most sought-after neighborhoodsMore detailsListed by PREP Realty- 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
Data was last updated June 2, 2025 at 02:05 AM (UTC)
powered by myRealPage.com
Questions About The Multi-Family Home Investments?
Contact Us Today!
More Than Just Real Estate Agents
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.
Joshua Clark
Founder of iConz Global Network
Mike Hale
Former CPA
Your One Stop Shop For Multi-Family Property Investing
Access to Exclusive Multi-Family Deals
Gain access to Alberta’s top multi-family investments before they hit the market.
Comprehensive Investment Analysis
Receive professional insights on cash flow, cap rates, and ROI.
Specialized MLI Select Financing Support
Work with mortgage brokers who specialize in multi-family financing.
Builder Relationships & Early Access
We connect you with developers to access premium projects first.
Full-Service Investment Assistance
We provide complete end-to-end support. Including everything from acquisition to leasing and beyond.
Customized Strategies for Investors
Whether you’re a first-time buyer or scaling up to larger developments, we tailor strategies to meet your investment goals.
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.