Multi-Family Homes in Alberta

• 
  Invest 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!

• 
  ABOUT Multi-family investment properties
  

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.

• 
  BENEFITS OF MULTI-FAMILY INVESTING
  

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.

• 
  MULTI-FAMILY PROPERTIES
  

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.

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915 23 Avenue NW

Mount PleasantCalgaryT2M 1T5

$1,399,900

Residentialbeds: 12baths: 5.02,092 sq. ft.built: 1968

• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential

MLS® Num:

A2193874

Bedrooms:

12

Bathrooms:

5

Year Built:

1968

• Photos (43)

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INCREDIBLE, RARE OPPORTUNITY to own a FULL SxS DUPLEX in the highly sought-after inner-city community of Mount Pleasant. This is an excellent revenue property with great income potential, or live in one side and rent out the other. Located on a quiet, tree lined street on a SUNNY, south-facing lot-just a few blocks from beautiful Confederation Park. This immaculate property has been renovated, featuring quartz countertops and stainless steel appliances in both kitchens. Each side offers 6 bedrooms and 2.5 bathrooms, with a separate entrance on both sides!a few Additional highlights include beautiful hardwood floors throughout, newer windows, newer high-efficiency furnaces, and hot water on demand,garage roof was replaced in 2020. This property is also wheelchair accessible, making it a fantastic and versatile option. EXCELLENT LOCATION Close to SAIT, U of C, shopping, schools, parks, pathways, transit and only minutes to downtown.Don't miss out on this incredible opportunity!

General Info:

Property Type:

Residential

Property Sub Type:

Full Duplex

Condo Type:

Not a Condo

Transaction Type:

For Sale

Possession:

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Possession Date:

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Suite:

No

Home Style:

Attached-Side by Side, Bungalow

Total Living Area:

2,091.91 sq. ft.194 m2

Lower Level Finished Area:

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Above Grade Finished Area:

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Taxes:

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Tax Assessed Value:

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HOA Fee Includes:

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Lot Area:

5,995 sq. ft.557 m2

Lot Frontage:

50'15.2 m

Acres Cleared:

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Acres Cultivated:

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Acres Irrigated:

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Acres Leasehold:

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Acres Not Cultivated:

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Acres Freehold:

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Acres Seeded:

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Acres Tame Hay:

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Acres Treed:

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Acres Waste:

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Acres Water Rights:

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Front Exposure:

North

Reg. Size:

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Reg. Size Includes:

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Entry Level:

1

Levels:

One

End Unit:

1 Common Wall

Total Rooms Above Grade:

12

Year built:

1968 (Age: 57)

Bedrooms:

12 (Above Grd: 6)

Bedrooms Above Grade:

6

Bedrooms Below Grade:

6

Bathrooms:

5.0 (Full:4, Half:1)

Plan:

2934O

Additional Info:

Heating:

Forced Air

Basement:

Finished, Full

Foundation:

Poured Concrete

New Constr.:

No

Construction Material:

Brick, Stucco, Wood Frame

Structure Type:

Duplex

Roof:

Asphalt Shingle

Ensuite:

No

Flooring:

Hardwood, Vinyl

Cooling:

None

Fireplaces:

0

Garage:

1

Garage Spaces:

2

Parking:

Double Garage Detached

Parking Places:

4

Parking Total/Covered:

4 / -

Laundry Features:

In Basement

Community:

Mount Pleasant (Calgary)

Appliances:

See Remarks

Inclusions:

2x Dishwashers, 2x Stove, 2x Washer, 2x Dryer, 2x Refrigerator, 2x Microwave,

Restrictions:

None Known

Room Information:

Floor

Type

Size

Other

Main Floor

Bedroom

11'3.35 m× 8'10"2.69 m

Main Floor

Dining Room

13'10"4.22 m× 8'4"2.54 m

Main Floor

Kitchen

10'6"3.20 m× 9'10"3.00 m

Main Floor

Living Room

13'8"4.17 m× 12'10"3.91 m

Main Floor

Bedroom

10'6"3.20 m× 8'5"2.57 m

Main Floor

Bedroom - Primary

14'10"4.52 m× 9'10"3.00 m

Upper Level

Bedroom

10'5"3.18 m× 8'2"2.49 m

Upper Level

Bedroom

10'11"3.33 m× 8'10"2.69 m

Upper Level

Dining Room

14'1"4.29 m× 8'5"2.57 m

Upper Level

Kitchen

10'4"3.15 m× 9'10"3.00 m

Upper Level

Living Room

16'3"4.95 m× 12'11"3.94 m

Upper Level

Bedroom - Primary

14'11"4.55 m× 9'11"3.02 m

Lower Level

Bedroom

10'4"3.15 m× 10'1"3.07 m

Lower Level

Bedroom

12'4"3.76 m× 10'9"3.28 m

Lower Level

Bedroom

11'7"3.53 m× 7'2.13 m

Lower Level

Laundry

6'9"2.06 m× 6'4"1.93 m

Lower Level

Game Room

13'3"4.04 m× 12'2"3.71 m

Lower Level

Furnace/Utility Room

7'10"2.39 m× 3'10"1.17 m

Basement

Bedroom

12'4"3.76 m× 7'5"2.26 m

Basement

Bedroom

10'3"3.12 m× 10'3.05 m

Basement

Bedroom

12'5"3.78 m× 10'9"3.28 m

Basement

Furnace/Utility Room

5'3"1.60 m× 2'5".74 m

Basement

Laundry

6'4"1.93 m× 6'1.83 m

Basement

Game Room

12'11"3.94 m× 12'3"3.73 m

Basement

Storage

11'10"3.61 m× 7'2"2.18 m

Basement

Furnace/Utility Room

8'2"2.49 m× 3'8"1.12 m

Bathrooms:

Floor

Ensuite

Pieces

Other

Main Floor

No

3

11'11" x 5'

Upper Level

No

3

11'9" x 4'11"

Lower Level

No

2

0'6" x 7'2"

Lower Level

No

3

12' x 7'4"

Basement

No

3

6'9" x 7'1"

Land Info:

Title to Land:

Fee Simple

Community Features:

Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s)

Interior Features:

No Animal Home, No Smoking Home, Separate Entrance

Exterior Features:

None

Patio And Porch Features:

Patio

Lot Features:

Back Lane, Back Yard, Treed

Num. of Parcels:

0

Fencing:

Fenced

Region:

Calgary

Zone:

CAL Zone CC

Zoning:

R-CG

Listing Info:

Listed Date:

Feb 13, 2025

Days on Mkt:

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Listed by RE/MAX Real Estate (Central)

Data was last updated April 1, 2025 at 12:05 AM (UTC)

Area Statistics

Listings on market:

28

Avg list price:

$1,235,000

Min list price:

$209,000

Max list price:

$2,398,800

Avg days on market:

27

Min days on market:

4

Max days on market:

160

Avg price per sq.ft.:

$570.84

These statistics are generated based on the current listing's property type and located in Mount Pleasant. Average values are derived using median calculations.

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• Josh Clark
• 119 14 ST NW, CALGARY, AB T2N 1Z6
• 1 (403) 305-9167
• Contact by Email

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.

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  WHo is NEW HOMES ALBERTA?
  

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

• 
  WHY NEW HOMES ALBERTA?
  

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.

• 
  INVESTING IN ALBERTA
  

What You Need to Know About Investing in Multi-Family Homes in Alberta

What is considered a multi-family home?

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.

What is the difference between a multi-family home and a single-family home?

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.

Are multi-family homes a good investment?

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.

Can I buy a multi-family home with just 5% down?

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.

How does the MLI Select Program work?

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.

What are the financial requirements to qualify for MLI Select?

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.

What types of multi-family properties does New Homes Alberta work with?

We specialize in duplexes, fourplexes, 8-plexes, mid-sized apartment buildings, and large-scale rental developments.

How do I know if a multi-family property is a good investment?

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.

Do I need to be in Alberta to invest in a multi-family home there?

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.

How do I calculate the expected rental income?

Rental income is based on market rent, unit type, location, and demand. We provide detailed rental market analysis to help investors project cash flow.

Are there any tax advantages to owning a multi-family home?

Yes. Investors can depreciate the property, deduct expenses (mortgage interest, repairs, property management), and use capital gains strategies to reduce taxes.

What zoning laws should I be aware of?

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.

• Kevin Tang
• View Listings

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