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.
Welcome to 1236 17 Avenue NW, a rare opportunity to acquire a brand new, purpose built four plex with 4 fully legal basement suites, totalling 8 self contained units in one of Calgary's most strategically located inner city communities. This is not just a property, this is a fully built, turnkey cash flow machine sitting directly opposite SAIT Polytechnic on the high visibility 16th Avenue NW corridor, where tenant demand is as strong and consistent as anywhere in the city.
The location is simply unmatched. Situated in Capitol Hill, you are literally steps from SAIT Polytechnic , one of Canada's largest post secondary institutions with over 40,000 students and staff actively seeking quality housing. Add close proximity to the University of Calgary, Foothills Medical Centre, you have a virtually inexhaustible pipeline of high quality tenants- students, healthcare professionals, faculty, and downtown professionals. With downtown Calgary just 12 minutes away, the Jubilee C Train station nearby, and 16th Avenue providing direct arterial access across the city, this location commands premium rents and near zero vacancy year round.
The property delivers approx 5500 sq.ft. of above grade living space across 4 beautifully designed two storey townhome style units, each complemented by a fully legal 530 sq.ft. basement suite with its own private entrance. The 4 upper units each offer an open concept main floor with modern kitchen, living and dining areas plus a second floor of with spacious bedrooms and full bathrooms. The 4 legal basement suites each provide 530 sq.ft of bright, efficiently designed living space with fully private, separate entrances.
The property also includes a detached 4 car garage plus dedicated mobility storage.
From an investment standpoint, Capitol Hill's rental market is driven by persistent post secondary demand, near zero vacancy, Calgary's no-rent-control environment, and continued inner-city intensification. With 8 fully legal, rentable doors in a market where quality supply is chronically constrained, this property is positioned to deliver strong, stable cash flow. This property also qualifies for CMHC MLI Select financing, offering potential access to 95% LTV, 50 year amortization, and significantly enhanced leverage, subject to lender and CMHC approval. Opportunities like this fully built, fully legal, 8 units, steps from SAIT do not come available often. Contact us today and arrange a private showing before this one is gone.
Data was last updated July 18, 2026 at 12:05 PM (UTC)
Area Statistics
Listings on market:
42
Avg list price:
$2,893,500
Min list price:
$300,000
Max list price:
$17,250,000
Avg days on market:
64
Min days on market:
1
Max days on market:
365
Avg price per sq.ft.:
$560.95
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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
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.
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.