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.
915 23 Avenue NW
CalgaryT2M 1T5
$1,399,900
Residentialbeds: 12baths: 5.02,092 sq. ft.built: 1968
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2193874
- Bedrooms:
- 12
- Bathrooms:
- 5
- Year Built:
- 1968
- Photos (43)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
- Property Type:
- Residential
- Property Sub Type:
- Full Duplex
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Possession:
- Signup
- Possession Date:
- Signup
- Suite:
- No
- Home Style:
- Attached-Side by Side, Bungalow
- Total Living Area:
- 2,091.91 sq. ft.
- Lower Level Finished Area:
- Signup
- Above Grade Finished Area:
- Signup
- Taxes:
- Signup
- Tax Assessed Value:
- Signup
- HOA Fee Includes:
- Signup
- Lot Area:
- 5,995 sq. ft.
- Lot Frontage:
- 50'
- Acres Cleared:
- Signup
- Acres Cultivated:
- Signup
- Acres Irrigated:
- Signup
- Acres Leasehold:
- Signup
- Acres Not Cultivated:
- Signup
- Acres Freehold:
- Signup
- Acres Seeded:
- Signup
- Acres Tame Hay:
- Signup
- Acres Treed:
- Signup
- Acres Waste:
- Signup
- Acres Water Rights:
- Signup
- Front Exposure:
- North
- Reg. Size:
- Signup
- Reg. Size Includes:
- Signup
- 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
- 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
- Mount Pleasant (Calgary)
- See Remarks
- 2x Dishwashers, 2x Stove, 2x Washer, 2x Dryer, 2x Refrigerator, 2x Microwave,
- None Known
- Floor
- Type
- Size
- Other
- Main Floor
- Bedroom
- 11'× 8'10"
- Main Floor
- Dining Room
- 13'10"× 8'4"
- Main Floor
- Kitchen
- 10'6"× 9'10"
- Main Floor
- Living Room
- 13'8"× 12'10"
- Main Floor
- Bedroom
- 10'6"× 8'5"
- Main Floor
- Bedroom - Primary
- 14'10"× 9'10"
- Upper Level
- Bedroom
- 10'5"× 8'2"
- Upper Level
- Bedroom
- 10'11"× 8'10"
- Upper Level
- Dining Room
- 14'1"× 8'5"
- Upper Level
- Kitchen
- 10'4"× 9'10"
- Upper Level
- Living Room
- 16'3"× 12'11"
- Upper Level
- Bedroom - Primary
- 14'11"× 9'11"
- Lower Level
- Bedroom
- 10'4"× 10'1"
- Lower Level
- Bedroom
- 12'4"× 10'9"
- Lower Level
- Bedroom
- 11'7"× 7'
- Lower Level
- Laundry
- 6'9"× 6'4"
- Lower Level
- Game Room
- 13'3"× 12'2"
- Lower Level
- Furnace/Utility Room
- 7'10"× 3'10"
- Basement
- Bedroom
- 12'4"× 7'5"
- Basement
- Bedroom
- 10'3"× 10'
- Basement
- Bedroom
- 12'5"× 10'9"
- Basement
- Furnace/Utility Room
- 5'3"× 2'5"
- Basement
- Laundry
- 6'4"× 6'
- Basement
- Game Room
- 12'11"× 12'3"
- Basement
- Storage
- 11'10"× 7'2"
- Basement
- Furnace/Utility Room
- 8'2"× 3'8"
- 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"
- 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
- Listed Date:
- Feb 13, 2025
- Days on Mkt:
- Signup
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- Listings on market:
- 38
- Avg list price:
- $1,150,000
- Min list price:
- $204,000
- Max list price:
- $2,199,000
- Avg days on market:
- 33
- Min days on market:
- 1
- Max days on market:
- 185
- Avg price per sq.ft.:
- $548.46
- Josh Clark
- 119 14 ST NW, CALGARY, AB T2N 1Z6
- 1 (403) 305-9167
- Contact by Email
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
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.