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?

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.

Forgot passwordExtendVerifyContact

11424 Elbow Drive SW
SouthwoodCalgaryT2W 2E6

$1,089,900
Multi-Family2,160 sq. ft.built: 1973

Front
Photo 1: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Photo 2: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Photo 3: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Photo 4: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Photo 5: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Photo 6: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Photo 7: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Photo 8: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Photo 9: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2200981
Year Built:
1973
Introducing a remarkable investment opportunity to own legal 4plex in the highly desirable and well established Southwood neighborhood. Located on NW corner of Sacramento Drive and Elbow Drive SW, this property is just minutes from Anderson Drive and public transit stops on Elbow Drive, ensuring convenience for tenants. Walking distance to Anderson C-Train station, making this location ideal for commuters and enhancing its appeal to prospective renters. This 4 plex features leased 3 bedrooms suites , each offering spacious layouts that's attracts long term tenants. The property has five designated parking stalls at the rear. Top units have a large balconies, lower units features a large patio. Each unit is individually metered, meaning that tenants are responsible for their own utilities, which reduces operating costs and simplifies maintenance for the owner. Newer torch on roof, gutters, 2 newer furnaces. This property offers a rare combination of location , functionality, and profitability. Don't miss your chance to secure a stable income producing asset.
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Possession:
Possession Date:
Total Living Area:
2,160 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Year built:
1973 (Age: 52)
Bathrooms:
- (Full:-, Half:-)
Plan:
731047
Structure Type:
Four Plex
Ensuite:
No
Garage:
0
Parking Places:
5
Parking Total/Covered:
5 / -
Southwood
Electric Stove, Refrigerator
n/a
Rental
Title to Land:
Fee Simple
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-C1
Listed Date:
Mar 10, 2025
Days on Mkt:
  • Photo 1: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
    Front
  • Photo 2: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
    Photo 2 of 9
  • Photo 3: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
    Kitchen
  • Photo 4: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
    Photo 4 of 9
  • Photo 5: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
    Photo 5 of 9
  • Photo 6: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
    Photo 6 of 9
  • Photo 7: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
    Photo 7 of 9
  • Photo 8: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
    Photo 8 of 9
  • Photo 9: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
    Photo 9 of 9
Listed by CIR Realty
Data was last updated March 31, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
23
Avg list price:
$1,290,000
Min list price:
$479,900
Max list price:
$3,200,000
Avg days on market:
22
Min days on market:
2
Max days on market:
118
Avg price per sq.ft.:
$571.68
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
powered by myRealPage.com

Questions About The Multi-Family Home Investments?
Contact Us Today!


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:



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
























Compare listings

Compare