Multi-Family Apartment Buildings For Sale Alberta, Commercial Real Estate investment Alberta
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Positioned in the heart of Calgary’s highly desirable Hillhurst neighborhood, 1241 5th Avenue NW offers a rare multifamily investment with both stability and upside. This two-story, eight- unit apartment building consists entirely of one-bedroom suites, each ranging between 485 and 529 square feet—making it an ideal asset for targeting the city’s growing population of students, young professionals, and downsizers who value inner-city living. Originally constructed in 1971, the property has seen several recent upgrades including a new hot water tank (2020), fresh luxury vinyl plank flooring throughout common areas, and modern balcony railings installed in 2023. While all units have received various levels of interior renovations over time, there remains considerable value-add potential for an investor seeking to modernize and reposition the asset to drive rental growth. With one parking stall per unit, solid building fundamentals, and a location steps from Riley Park, Kensington Village, and CTrain access, 1241 5th Avenue NW stands as a prime value-add opportunity in one of Calgary’s most walkable and sought-after urban communities.More details
WH05, an exclusive opportunity to acquire a collection of seven fully-leased, contemporary townhomes in the heart of West Hillhurst—one of Calgary’s most established and sought-after inner-city neighbourhoods. This boutique multifamily asset delivers immediate cash flow with long-term upside through future stratification and potential individual resale. Each thoughtfully designed, three-storey home includes three bedrooms, 3.5 bathrooms, a private garage, and a rooftop patio, blending architectural style with durable, low-maintenance finishes. The property has been well maintained since completion and benefits from strong in-place tenancy in a supply- constrained rental market. Ideally located just minutes from downtown, the Bow River pathway system, and the amenities of Kensington, WH05 offers a rare mix of stability, location, and built-in flexibility—making it a compelling urban investment opportunity with both income and future exit potential.More details
This 14 suite apartment in Ponoka offers a great income generating opportunity. 4 bachelor suites, 2 1-b/r suites and 8 2-b/r suites. Upgrades include all new windows, peaked shingled roof, Two High Efficiency Boilers (1 for heat and 1 for domestic water), 4 Exterior Sumps, exterior styrofoam insulation & vinyl siding, balconies. A number of the units have been renovated. Triple car garage is heated, includes 220 wiring and has a separate meter for power. Includes 1 garage door opener with keypad entry. Would work well as a workshop or storage. Plenty of parking.More details
Situated in the heart of Drumheller’s revitalized historic downtown, this charming multi-family building blends character with modern updates, making it a prime investment opportunity. Spanning 5,225 square feet (total), the property includes five self-contained legal suites, ranging from one to three bedrooms, with some offering ensuite bathrooms for added convenience. Extensive renovations include upgraded electrical systems, windows, appliances, air conditioning units (5), furnaces, and a new roof, ensuring peace of mind for both owner and tenants. Each unit is thoughtfully designed with off-street parking, in-suite laundry, and secure storage, enhancing tenant convenience. With Drumheller's growing demand for long-term rentals, driven by local industries like agriculture and tourism, this property presents a stable and attractive investment. The town’s affordable real estate market, especially compared to larger cities, adds to its appeal for investors looking to expand or establish a profitable rental portfolio. Don’t miss the opportunity to invest in this thriving community with high potential for strong returns.More details
Excellent Investment Opportunity! 11 x 1 bedroom units. Parking for up to 6 vehicles at the back of the building as well as on street parking. Building has been well maintained with some recent updates and renovations. Included is coin laundry machines and separate storage lockers. Walking distance to Sunalta LRT station, downtown and close to all amenities.More details
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A brand new concrete building including suspended slab concrete main floor and 2 concrete firewall party walls. Well located a mere 600m from the future Pop Davies Green Line Station. The building is cladded in long-life exterior finishes with beautiful stucco and brick work alternating between units. Upper Townhomes feature engineered hardwood flooring, high quality appliance set including gas ranges, dishwashers, microwave, French door fridge and full size washer/ dryer with gas dryers. Quartz counters, commercial champagne bronze Delta fixtures and custom lighting. Stain-resistant carpet throughout the upper floor and beautiful tile work in all the bathrooms. The 3 bedroom, 2.5 bath floor plans provide ample space for families, small or large, and the addition of 400+ sq ft beautiful, private use, low maintenance rooftop patios nestled into the tree line of Lynnwood's mature streetscape, are an added bonus that will keep tenants for the long term. Lower Garden Suites: the lower garden suites, of approx 600 sq ft plus the private use lower patios of 240 sq ft, have great, private access. The patios are fully serviced with gas and water creating cozy personal spaces begging for an individual touch. The interior of the units feature very similar high quality finishes noting hardwood is substituted for waterproof vinyl as the units are heated by radiant floor heat, driven by a Navien combi-boiler/ HRV. The bathroom is spacious, features more tile work and a soaker, acrylic bathtub. The Delta fixtures is carried from the upper units as is the custom lighting. The property is further complimented by a detached, 5 car, heated and shared garage; stalls are assigned to the 5 upper townhomes only; lower garden suites are street parking of which there is plenty. The property currently qualifies for CMHC MLI Select financing but if we dont get a reasonable offer in the next 30 days, we will be condominiumizing the property and selling the units separately. The property is zoned HGO so the lower units can be sold separately (read- 10 titles). For the savvy investor, this investment is priced to allow solid appreciation into the completion of the Green Line while holding with positive cashflow under CMHC financing. Draft Condo plan and all draft condo documents are included with the sale. What an opportunity! See the timeless value that Heirloom Homes delivers in the highly prospective community of Lynnwood/ Ogden!More details
Urban Gardens – Rare 23-Unit Offering in Prime Hillhurst Location
Exceptional opportunity to acquire a high-performing, purpose-built multi-unit property in the heart of Hillhurst. Located just a few blocks from Kensington, Riley Park, SAIT, and with direct access to downtown Calgary, Urban Gardens offers long-term stability and tenant appeal in one of Calgary’s most sought-after inner-city neighbourhoods.
This well-designed development includes a total of 23 units:
12 four-storey townhomes, each with:
3 bedrooms (most with ensuites)
Private balconies
11 legal basement suites (1 per townhome)
11 titled/private garages
Built with tenant comfort in mind, the majority of townhomes feature ensuite bathrooms for each bedroom, modern open-concept layouts, and private outdoor spaces. The property is centered around a beautifully landscaped communal courtyard with a community garden, promoting resident interaction and enhancing curb appeal.
Strong location fundamentals support both rental income and long-term appreciation potential. Walkable to transit, schools, restaurants, shopping, and recreational amenities.
Property Highlights
Total Units: 23
Townhomes: 12
Basement Suites: 11 (separately metered)
Garages: 11 (titled/private)
Bedrooms (avg): Most townhomes feature 3 bedrooms
Bathrooms: Most bedrooms include private ensuites
Outdoor Spaces: Private balconies for most units; communal courtyard with garden
Parking: 11 private garages + additional street parking
Heating: Hi efficiency Forced air / individual units
Zoning: R-CG with central air conditioning
Legal Status: Purpose-built with legal secondary suites
Building Size: Insert
Year Built: 2024More details
Tuxedo Place – Boutique Multi-Unit Investment Opportunity in Central Calgary
Introducing Tuxedo Place — a rare, purpose-built 8-unit investment property ideally located in the heart of Tuxedo Park, one of Calgary’s most accessible and evolving inner-city neighbourhoods. This turnkey rental property sits on a 75 ft x 120 ft (9,000 sq ft) lot and offers a functional unit mix that appeals to a wide range of tenants.
The property is comprised of:
4 well-designed townhomes
4 legal basement suites (1 per townhome)
Each townhome offers bright, spacious layouts with modern finishes, and the basement suites are fully self-contained with private entrances, providing strong additional rental income. The design and configuration support both owner-occupancy and full investment use.
Located just minutes from downtown Calgary, major transit corridors, Confederation Park, schools, and retail amenities, Tuxedo Place offers stable long-term rental performance and future redevelopment potential in an increasingly desirable location.More details
Very well kept 38 units apartment building which was built on a 3 pieces of full size lot. 17- 2 bedrooms, and 21 one bedrooms. All top floor units have fireplace, all units have its own balcony and storage room. Every unit has its own thermostat and intercom panel. There have been a lot of continuous renovations such as : newer roof, newer exterior paint, newer siding and windows. New carpets and newer carpets on level 1 and 2 common hallway. Most units have laminate floorings. 19 units ' plumbings have been upgraded and newer vinyl or tiled tub surrounds. There is 21 underground parking stalls, and 17 exterior parking stalls. There are 4 storage rooms. Walk to junior high school , co-op and bus.More details
An excellent opportunity to own a phenomenal 8 plex investment. Located in the Heart of Killarney, in a fantastic location. Steps to restaurants, cafe's, parks and schools, as well as transit. This well managed, and maintained building has had very stable tenancy for the past many years. Featuring 4 large 2 bedrooms suites, (east facing) and 4 large one bedrooms. (west facing) All units except two lower ones have huge storage and or den areas. 2 bedroom units boast approx 850 square feet of space, and approx 600-700 square feet of space respectively for the one bedroom units. All units have large picture windows, flooding the suites with natural light. Updates include bathrooms, all laminate flooring, and all updated appliances. Picture show unit 6 with all other to identical in updates and finishings. The owner has kept the mid century kitchens, which can easily be refinished, and is very popular with tenants. Updates include all updated windows, roof, boiler, hot water tank, common area carpets. Mid century brick facade which always looks great. On site coin op laundry managed by coinamatic. Full parking with alley access. Good Tenant profiles. An excellent turn-key investment in a prime location, on a large lot with possibe re-zoning for higher density for future re development. Please do not approach tenants. Proforma with environmental available.More details
An incredible opportunity to own a fully operational 10-unit multi-family property in the heart of Lethbridge. This purpose-built 10-plex features nine fully furnished one-bedroom suites and one unfurnished long-term suite, all designed for strong income generation and minimal vacancy.
?? Property Features
9 furnished 1-bedroom units with kitchens & 3-pc bathrooms
1 unfurnished long-term 1-bedroom unit
Each suite equipped with its own hotel-style heat/AC unit
Shared laundry (washer & dryer in common area)
High-quality furnishings, bedding, linens & big-screen TVs included
Fully stocked kitchens with appliances, dishes & utensils
Individual internet routers & programmable WiFi door locks for each unit
Outdoor storage shed with shovels, brooms & maintenance tools?? Location Benefits
Situated close to downtown Lethbridge amenities, transit, and schools
Walkable neighborhood with excellent rental demand
Flexible property strategy: continue current STR/LTR mix or convert to all long-term rentals
? Investor Ready
This property comes fully furnished and equipped—turn the key and start collecting rent. With strong financial performance and professional management potential, this 10-plex is an ideal addition to any investor’s portfolio.More details
Built in 2003, this well-maintained 4 plex offers a fantastic opportunity for investors with rental demand at a premium in Manning. The property features two, 1 bedroom, 1 bath units and two, 2 bedroom units, each with a 4 piece main bathroom plus a 2 piece ensuite off the primary. Situated in the North part of Manning near the ball diamonds and overlooking the town, the property still offers convenient walking distance to downtown stores and amenities. Each unit comes fully equipped with 5 appliances, private laundry, two separate entrances and its own deck for added comfort and privacy. With strong rental potential, a desirable location and quality construction, this property makes an excellent long term revenue generator.More details
Data was last updated October 16, 2025 at 04:05 PM (UTC)
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