Calgary Multi-Family Homes For Sale

Looking for your next apartment building or multi-family investment property in Calgary? If you're interested in multi-family homes for sale in Calgary, you'll find all active multi-family property listings displayed below. To learn more about an available multi-family home on the Calgary real estate market, click on a listing you like to view additional details, photos, or to schedule a private tour at your earliest convenience. As experienced Calgary multi-family investment property experts, our team can provide you with disclosures, dates and prices of recently sold multi-family homes in the Calgary area, and more.

Search Calgary Multi-Family Homes For Sale

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New
1120, 950 Arbour Lake Road Nw, Calgary

$319,900

1120, 950 Arbour Lake Road Nw, Calgary

0 Beds 0 Baths 815 SqFt Multi-Family MLS® # A2230832

URBAN-REALTY.ca

New
89 & 93 Creekstone Drive Sw, Calgary

$1,399,900

89 & 93 Creekstone Drive Sw, Calgary

0 Beds 0 Baths 3,272 SqFt Multi-Family MLS® # A2230790

Royal LePage Benchmark

2371 20 Avenue Nw, Calgary

$3,500,000

2371 20 Avenue Nw, Calgary

0 Beds 0 Baths 5,821 SqFt Multi-Family MLS® # A2228946

Century 21 Bamber Realty LTD.

1832 27 Avenue Nw, Calgary

$3,200,000

1832 27 Avenue Nw, Calgary

0 Beds 0 Baths 0 SqFt Multi-Family MLS® # A2228043

Real Broker

1-6, 2208 20 Avenue Nw, Calgary

$1,750,000

1-6, 2208 20 Avenue Nw, Calgary

0 Beds 0 Baths 4,010 SqFt Multi-Family MLS® # A2226753

eXp Realty

4835 Varsity Drive Nw, Calgary

$1,349,000

4835 Varsity Drive Nw, Calgary

0 Beds 0 Baths 2,836 SqFt Multi-Family MLS® # A2227084

Michael Fleming Realty Corp.

A. B. C. D, 1404 43 Street Se, Calgary

$999,900

↓ $99,100

A. B. C. D, 1404 43 Street Se, Calgary

0 Beds 0 Baths 2,214 SqFt Multi-Family MLS® # A2224688

Century 21 Bravo Realty

1-30, 1510 30 Avenue Sw, Calgary

$12,750,000

1-30, 1510 30 Avenue Sw, Calgary

0 Beds 0 Baths 28,483 SqFt Multi-Family MLS® # A2226232

Real Broker

922 & 926 2 Avenue Nw, Calgary

$3,500,000

922 & 926 2 Avenue Nw, Calgary

0 Beds 0 Baths 1,862 SqFt Multi-Family MLS® # A2226617

RE/MAX First

131 & 135 Cornerstone Avenue Ne, Calgary

$1,320,000

131 & 135 Cornerstone Avenue Ne, Calgary

0 Beds 0 Baths 3,179 SqFt Multi-Family MLS® # A2226220

CIR Realty

301 5 Avenue Ne, Calgary

$3,000,000

301 5 Avenue Ne, Calgary

0 Beds 0 Baths 7,176 SqFt Multi-Family MLS® # A2224734

Greater Property Group

447 Huntsville Crescent Nw, Calgary

$1,299,000

447 Huntsville Crescent Nw, Calgary

0 Beds 0 Baths 1,989 SqFt Multi-Family MLS® # A2224832

RE/MAX Real Estate (Mountain View)

1421 & 1419 1 Street Nw, Calgary

$1,595,000

1421 & 1419 1 Street Nw, Calgary

0 Beds 0 Baths 4,084 SqFt Multi-Family MLS® # A2222696

Real Broker

112 29 Avenue Nw, Calgary

$899,000

↓ $26,000

112 29 Avenue Nw, Calgary

0 Beds 0 Baths 1,270 SqFt Multi-Family MLS® # A2219374

Century 21 Bamber Realty LTD.

1-6, 2312 22 Street Nw, Calgary

$1,850,000

1-6, 2312 22 Street Nw, Calgary

0 Beds 0 Baths 4,550 SqFt Multi-Family MLS® # A2219394

Houston Realty.ca

1727 12 Avenue Sw, Calgary

$1,299,900

1727 12 Avenue Sw, Calgary

0 Beds 0 Baths 3,012 SqFt Multi-Family MLS® # A2215116

Royal LePage METRO

2518 16 Street Sw, Calgary

$3,900,000

↓ $200,000

2518 16 Street Sw, Calgary

0 Beds 0 Baths 7,600 SqFt Multi-Family MLS® # A2214661

First Place Realty

524 20 Avenue Nw, Calgary

$5,495,000

524 20 Avenue Nw, Calgary

0 Beds 0 Baths 1,750 SqFt Multi-Family MLS® # A2211502

Century 21 Bravo Realty

Continue Your Calgary Multi-Family Home Search By District or Location

Want to break down your Calgary multi-family home search further? Start browsing Calgary multi-family homes for sale by district or location using the directory below.

Buying a Multi-Family Home in Calgary 

Thinking about buying a multi-family home in Calgary? Whether you’re an investor looking to expand your portfolio or a homeowner seeking a practical way to generate rental income, multi-family homes are an excellent choice. Calgary, with its growing economy and high demand for rental properties, offers a promising landscape for this type of investment. 

This guide will walk you through the process, from understanding the types of multi-family properties available, to navigating the market, and knowing what to expect as a buyer and landlord.

Why Invest in a Multi-Family Home in Calgary?

Calgary’s real estate market continues to attract investors. With a diverse economy, a growing population, and the city’s appeal as a top destination for young professionals, the rental demand is robust.

Here’s why buying a multi-family home is such a smart move in Calgary:

  1. Stable Rental Income: Calgary’s strong rental market means steady cash flow for property owners. Multi-family homes allow you to generate income from multiple tenants, boosting profitability.
  2. Economies of Scale: Managing and maintaining one property with multiple units is often cheaper and easier than owning several single-family homes.
  3. Long-Term Appreciation: Calgary’s vibrant economy and housing demand trends contribute to the long-term appreciation of real estate, making multi-family homes a solid wealth-building strategy.
  4. Tax Benefits: Investors often benefit from tax deductions related to mortgages, property management, and maintenance costs.

Now that Calgary’s market has your attention, how do you go about buying a multi-family home?

Calgary Multi-Family Homes For Sale

Understanding Multi-Family Homes and Their Types

Before jumping into the buying process, it’s essential to know what qualifies as a multi-family home. Essentially, these are properties designed to house multiple families in separate units. Common types include:

Duplexes: A duplex consists of two units, typically side by side or one on top of the other. It’s a popular choice for first-time investors due to lower costs and easier management.

Triplexes and Quadplexes: Triplexes have three units, while quadplexes offer four. These properties strike a balance between generating higher rental income and remaining manageable for individual investors.

Apartment Buildings: These range from small buildings with five or more units to large high-rises. They’re more complex to manage but have the potential for significant returns due to the increased number of tenants.

Each option comes with its advantages and challenges. Consider your budget, management capabilities, and investment goals when deciding which property type suits you best.

Steps to Buying a Multi-Family Home in Calgary

1. Assess Your Financial Position

The first step is understanding your budget. Buying a multi-family home often requires a significant upfront investment. Consider:

  • Down Payment Requirements: Multi-family properties typically require higher down payments (20% or more).
  • Loans and Financing Options: Look into loans designed for multi-family home purchases. Many banks offer investment-specific mortgages.
  • Cash Flow Analysis: Calculate potential rental income against expenses such as mortgage payments, property taxes, and maintenance costs.

Work with a mortgage broker to explore financing options and determine how much you can afford to invest.

2. Understand Calgary’s Zoning Laws and Regulations

Calgary’s zoning and building codes can significantly impact your investment. Some neighborhoods may not permit multi-family homes, or there may be restrictions on the number of units you can develop or rent out.

Key things to check:

  • Zoning Compliance: Ensure the property aligns with Calgary’s zoning rules.
  • Rental Regulations: Familiarize yourself with tenant rights, rental caps, and landlord obligations specific to Alberta.
  • Property Condition and Safety Codes: Multi-family homes must meet certain safety and health standards. Schedule a thorough inspection.

 

3. Conduct Property Inspections and Due Diligence

Inspect potential properties thoroughly. Key areas to focus on include:

  • Structural Integrity: Ensure the property is in good condition to avoid hefty repair costs down the road.
  • Rental History: Ask for financial records to gauge the property’s profitability.
  • Future Expenses: Identify areas where maintenance or upgrades may be required.

Proper due diligence minimizes risks and sets the foundation for a successful investment.

6. Plan for Property Management

Owning and managing a multi-family home can be time-consuming. Decide whether you’ll self-manage or hire a property management company. Professional managers can handle tenant screening, rent collection, maintenance, and more, allowing you to focus on scaling your investments.

Get New Listing Alerts For Calgary Multi-Family Homes

We also invite all Calgary multi-family home buyers and investors currently in the market for an investment property to register for a free accountRegistered users will be able to take advantage of all our advanced search features, easily share multi-family property listings you like with friends and family, and also have e-mail alerts sent directly to your inbox as soon as new Calgary multi-family homes that match your search criteria hit the market, allowing you to stay one-step ahead of other local investors searching the Calgary real estate market.

Calgary Multi-Family Home Experts

If you are thinking about buying or selling a multi-family home in Calgary, our team can help you navigate the local market and get you the best possible price based on current market conditions. Simply put, we know the Calgary investment property market better than anyone!

Contact us directly to see why our Calgary real estate agents and market experts are the perfect fit for all your Alberta real estate needs. And in the meantime, fill out our form to get a free market evaluation to see what your Calgary property is worth on today's market.