Multifamily Real Estate for Sale

Multifamily real estate in Alberta is one of the province’s most stable and profitable investment classes. From Calgary and Edmonton to Red Deer and Lethbridge, multifamily properties—including duplexes, fourplexes, apartment complexes, and mixed-use buildings—offer steady rental income, strong appreciation, and flexible financing options through CMHC and MLI Select programs. Alberta’s population growth, landlord-friendly legislation, and expanding job market continue to drive high occupancy and rising demand for professionally managed rental housing across all price segments.

Investing in multifamily real estate isn’t just about purchasing a property—it’s about building long-term wealth in a sector known for its resilience and income stability. Alberta’s strong market fundamentals, growing population, and investor-friendly policies make it an ideal environment for both new and seasoned investors. Whether you’re looking to acquire an existing apartment building, add a fourplex to your portfolio, or explore value-add opportunities, multifamily assets in Alberta continue to deliver solid returns and reliable cash flow potential.

All multifamily listings below are updated directly from the MLS® in real time, so you can explore the latest apartment buildings, fourplexes, and income properties as soon as they hit the market. Use the filters to analyze cap rates, compare locations, and save custom searches for future opportunities. You can also request detailed financials or schedule private tours to gain deeper insights into each property. Our experienced team provides the local market knowledge, data-driven analysis, and strategic guidance you need to make confident, well-informed investment decisions.

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Multifamily Real Estate for Sale - Listings

Multifamily Real Estate for Sale

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  • 7A/7B Pembina in Rainbow Lake: Full Duplex for sale : MLS®# A2191174

    7A/7B Pembina Rainbow Lake T0H 2N0
    Main Photo: 7A/7B Pembina in Rainbow Lake: Full Duplex for sale : MLS®# A2191174

    7A/7B Pembina Rainbow Lake T0H 2N0

    $249,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2191174
    Floor Area:
    1,150 sq. ft.
    THE INVESTMENT YOU HAVE BEEN LOOKING FOR, JUST BECAME AVAILABLE!! 3 Bdms, 2 full baths in EACH side just for starters. Now lets talk about this in more detail. The Great Room design of this home, offers the full benefits of being able to spend time with your family and friends with out that irritating wall, blocking your sight of them. The kitchen island not only adds additional prep space but offers a great eat up breakfast bar, allowing you to have additional guests for dinner. The large picture window overlooks the quiet street allowing sunshine to fill the main floor. 2 bedrooms & FULL BATH complete the main floor. The lower level features a very large, fantastic family room, where you are sure to enjoy many hours of family fun or just relaxing, watching a move. A full bath, bedroom & laundry area complete the lower level. A short walk to shopping & schools, makes this a perfect family home. At the end of the day, you have the luxury of going for a relaxing walk through nature as there is nothing but nature behind you or,,,, you can relax in the fenced yard with your family and friends. FOR YOUR PEACE OF MIND? SHINGLES WERE REPLACED LAST YEAR, SOME NEW FLOORING WAS JUST BEEN INSTALLED AND..... RECENTLY REPAINTED. IT'S TRUILY A MAGNIFICENT PROPERTY, IN AMAZING CONDITION. If you're a first time home owner, why not let someone else pay your mortgage? You live in one side and rent the other. More details
    Listed by Century 21 Prime Realty (2002) Ltd.
    LISTING DETAILS
    Mohit Dhillon

  • 4718 College Avenue in Lacombe: College Heights 4 plex for sale : MLS®# A2213994

    4718 College Avenue College Heights Lacombe T4L 1Z1
    Main Photo: 4718 College Avenue in Lacombe: College Heights 4 plex for sale : MLS®# A2213994

    4718 College Avenue Lacombe T4L 1Z1 College Heights

    $660,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2213994
    Floor Area:
    3,527 sq. ft.
    This exceptional 4-plex is ideally located just steps from the university in one of Lacombe’s most desirable neighborhoods. With a solid rental history, thoughtful updates, and a unique layout, this property offers incredible flexibility—whether you’re a seasoned investor looking for strong cash flow or a young family hoping to offset homeownership costs with rental income. Unit 1, the standout of the complex, is a spacious 3-bedroom, 2.5-bathroom home featuring an attached single garage, gas fireplace, large mud/laundry room with sink, jacuzzi tub, and updated carpet. Perfect for an owner-occupier, this unit provides the comfort and amenities of a single-family home with the added bonus of rental income from the three additional suites. Units 2, 3, and 4 offer a mix of functional layouts, including loft-style bedrooms and open floorplans, with shared access to a laundry area and large storage room. Updates include newer windows, modernized bathrooms, and forced-air or hot water baseboard heating. Unit 3 has new carpet in living room and primary bedroom. Unit 4 also includes its own attached garage and units 2 and 3 share the double car detached garage. Additional revenue comes from a separately rented motorhome garage. The building has been well cared for, with new siding and shingles completed approx. 7 years ago and updated electrical in the detached garage just two years ago. This property is a rare opportunity to own a high-performing asset with lifestyle flexibility. Whether you’re investing or looking to live in your investment—this 4-plex delivers. More details
    Listed by RE/MAX real estate central alberta
    LISTING DETAILS
    Mohit Dhillon

  • 822, 826, 830, 834 Wolf Willow Boulevard SE in Calgary: Wolf Willow 4 plex for sale : MLS®# A2236628

    822, 826, 830, 834 Wolf Willow Boulevard SE Wolf Willow Calgary T2X 5R5
    Main Photo: 822, 826, 830, 834 Wolf Willow Boulevard SE in Calgary: Wolf Willow 4 plex for sale : MLS®# A2236628

    822, 826, 830, 834 Wolf Willow Boulevard SE Calgary T2X 5R5 Wolf Willow

    $3,399,888
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2236628
    Floor Area:
    6,352 sq. ft.
    MLI SELECT PROGRAM COMPLIANT | 8 UNITS | SHANE BUILT HOMES | 4 DOUBLE CAR GARAGES | ALL OF THE UNITS TENANTED ALREADY | 2 FULL DUPLEXES BESIDE EACH OTHER | 20 BEDROOMS & 16 BATH | Exceptionally rare opportunity to acquire four consecutive lots featuring two brand-new FULL duplexes, each with legal basement suites—for a total of 8 fully self-contained units. The owners bought these units through the MLI Select Program. The CMHC financing might be transferable (pending approval). Some of the units are already rented out. Located in the rapidly growing and nature-rich community of Wolf Willow, these turnkey properties offer an incredible investment opportunity with strong monthly cash flow potential. Each upper unit is thoughtfully designed with 3 spacious bedrooms, 2.5 bathrooms, a large family room, bonus room, and full-sized laundry. The kitchens feature quartz countertops, stainless steel appliances, and open to generous dining areas, mudrooms, and convenient half baths. Upstairs, the primary bedrooms offer walk-in closets and beautiful ensuites, while two additional bedrooms and a full bath complete the functional layout. The legal basement suites provide two bedrooms (one with a walk-in closet), full kitchens, spacious rec rooms, 4-piece bathrooms, laundry areas, utility rooms, and extra storage—each with a private entrance. Detached garages are included with each unit, enhancing tenant appeal and convenience. Each unit is separately metered. Nestled beside the scenic Bow River, Wolf Willow is known for its parks, walking trails, and peaceful natural surroundings, with easy access to Stoney Trail, Deerfoot Trail, and nearby amenities. This is a turn-key, high-cashflow property ideal for investors seeking stable returns and long-term value in a thriving Calgary community. More details
    Listed by Real Broker
    LISTING DETAILS
    Mohit Dhillon

  • 101-215 10118 100 Avenue in Peace River: Downtown Apartment for sale : MLS®# A2264118

    101-215 10118 100 Avenue Downtown Peace River T8S 1R3
    Main Photo: 101-215 10118 100 Avenue in Peace River: Downtown Apartment for sale : MLS®# A2264118

    101-215 10118 100 Avenue Peace River T8S 1R3 Downtown

    $1,999,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2264118
    Floor Area:
    31,185 sq. ft.
    Now available is a mixed use building with 27 titled units , 4 commercial spaces and 29 underground titled parking stalls all owned and controlled by one entity. There are 12 - 1 bed units and 10 - 2 bed units and 4 bachelor suites There are 4 commercial spaces on the main floor with 3 currently leased to professional corporations, one an engineering firm, a spa business and a medical clinic, with a total rent of $5280 per month between the two commercial tenants - the remaining space is about 1900 sq ft approx and the commercial rents are all inclusive rents. The building is self managed by the owner and they have been managing it for 20 years.. This property is located in the down town area of Peace River and is within walking distance to all the amenities needed with a secure and heated underground parking available for tenants if desired - this is one of the few buildings in this municipality with secure underground parking. There is revenue from parking, laundry, commercial rents and residential rents with a very good return. In addition there is a small lot that supplies overflow parking off street for about 8-10 vehicles - great for visitors or additional vehicles. This is been sold with all units under one titled owner as of Nov 1 2026 More details
    Listed by Century 21 Town and Country Realty
    LISTING DETAILS
    Mohit Dhillon

  • 5115-5117-5119-5121 5 Avenue in Edson: 4 plex for sale : MLS®# A2264110

    5115-5117-5119-5121 5 Avenue Edson T7E 1V5
    Main Photo: 5115-5117-5119-5121 5 Avenue in Edson: 4 plex for sale : MLS®# A2264110

    5115-5117-5119-5121 5 Avenue Edson T7E 1V5

    $555,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2264110
    Floor Area:
    2,742 sq. ft.
    Great investment property. All four units rented out. 8 parking stalls. Each unit has 2 bathroom's and 3 bedrooms. More details
    Listed by RE/MAX BOXSHAW FOUR REALTY
    LISTING DETAILS
    Mohit Dhillon

  • 7604 21A Street SE in Calgary: Ogden 4 plex for sale : MLS®# A2267496

    7604 21A Street SE Ogden Calgary T2C 0W2
    Main Photo: 7604 21A Street SE in Calgary: Ogden 4 plex for sale : MLS®# A2267496

    7604 21A Street SE Calgary T2C 0W2 Ogden

    $2,790,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2267496
    Floor Area:
    5,251 sq. ft.
    A rare opportunity to acquire a brand-new 4-plex with 4 legal basement suites — a total of 8 fully self-contained rental units complete with 4 single garages — delivering exceptional income potential and long-term stability for any investor. Each lower suite enjoys its own private entrance, maximizing privacy, tenant appeal, and flexibility for leasing. Crafted with modern architecture and upscale finishes, this build stands out as one of the most impressive multi-family offerings in the SE corridor. Situated in the rapidly transforming community of Ogden, it offers quick access to major arteries including Glenmore Trail, Deerfoot Trail, Stoney Trail, industrial employment hubs, Quarry Park, downtown transit routes, schools, and amenities — making it an ideal, high-demand rental location. The upper units feature 3 bedrooms, 2 bathrooms, bright open-concept living and dining spaces, and contemporary kitchens with premium finishing throughout. The legal basement suites include 9' ceilings, 2 bedroom, 1 bathroom, and well-planned layouts for efficient and comfortable living. Built to a higher construction standard with thoughtful design, including a unique drive-in configuration for easy garage access, this 8-unit asset is also eligible for CMHC MLI-Select (subject to lender/CMHC approval), allowing potential reduced down payment and extended amortization options. A true turn-key multi-unit investment in a high-growth SE community — opportunities of this caliber are rarely available. Contact for full details. More details
    Listed by MaxWell Canyon Creek
    LISTING DETAILS
    Mohit Dhillon

  • 433 53 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2268062

    433 53 Avenue SW Windsor Park Calgary T2V 0B8
    Main Photo: 433 53 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2268062

    433 53 Avenue SW Calgary T2V 0B8 Windsor Park

    $2,999,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2268062
    Floor Area:
    4,976 sq. ft.
    A rare opportunity to own a brand-new 4plex with 4 legal basement suites — a total of 8 self-contained units combining modern design, exceptional construction quality, and unbeatable inner-city convenience. Located in the desirable community of Windsor Park, just steps from Chinook Centre, Britannia Plaza, schools, and major transit routes, this property offers a premium investment opportunity with strong rental demand. Each upper unit features 3 bedrooms, 2.5 bathrooms, and an open-concept main floor with designer kitchens, quartz countertops, and luxury vinyl plank flooring. The legal basement suites include 9-ft ceilings, 2 bedroom, 1 bathroom, and bright, functional layouts with private side entrances — ideal for maximizing rental income or multi-generational living. Designed and built to the highest standards, this project showcases a modern architectural aesthetic, durable exterior materials, and thoughtful layouts throughout. With 8 rentable units and ample parking, it presents an exceptional opportunity for investors seeking steady cash flow and long-term appreciation. Eligible for CMHC MLI Select (subject to lender and CMHC approval) — allowing potential low down payment and extended amortization. A true turnkey multi-family investment in one of Calgary’s most central and accessible neighborhoods. More details
    Listed by MaxWell Canyon Creek
    LISTING DETAILS
    Mohit Dhillon

  • 108 Railway Avenue North in Morrin: 4 plex for sale : MLS®# A2268667

    108 Railway Avenue North Morrin T0J 2B0
    Main Photo: 108 Railway Avenue North in Morrin: 4 plex for sale : MLS®# A2268667

    108 Railway Avenue North Morrin T0J 2B0

    $499,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2268667
    Floor Area:
    2,080 sq. ft.
    ***EXCELLENT INVESTMENT OPPORTUNITY WITH THIS FULLY DEVELOPED MODERN 4 PLEX*** Unique investment opportunity in the family friendly Village of Morrin!!! This well maintained 4 plex is fully occupied and provides numerous opportunities for the new owner!!! Some features of each fully developed unit include 2 bedrooms total, galley kitchen with large pantry, spacious living room and dining room, 4 pce bathroom, 5 appliances plus relaxing decks!!! All on a large lot in the friendly Village of Morrin with many amenities including parks, playgrounds, arena, convenience store, restaurant and new school all only 15 minutes from Drumheller!!! More details
    Listed by Royal LePage Wildrose Real Estate
    LISTING DETAILS
    Mohit Dhillon

  • All 1 3 Avenue SE in Falher: Apartment for sale : MLS®# A2273664

    All 1 3 Avenue SE Falher T0H 1M0
    Main Photo: All 1 3 Avenue SE in Falher: Apartment for sale : MLS®# A2273664

    All 1 3 Avenue SE Falher T0H 1M0

    $450,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2273664
    Floor Area:
    2,400 sq. ft.
    Investment opportunity with this 5-unit rental building located in the community of Falher. The property offers a well-balanced mix of unit sizes, making it attractive to a wide range of tenants. The building includes a 3-bedroom, 1-bathroom unit (Unit 1) that has seen several recent upgrades, including all new windows, new countertops, a new sink, and a new stove. Unit 2 is a 1-bedroom, 1-bathroom unit, while Units 3 and 4 each offer 2 bedrooms and 1 bathroom. Unit 5 is a 1-bedroom, 1-bathroom bachelor-style suite. Each unit is equipped with its own private laundry, a highly desirable feature that adds convenience for tenants and enhances rental appeal. With functional layouts, thoughtful updates, and solid rental income, this property presents a strong opportunity for investors seeking stable income. Conveniently located close to local amenities and services, this Falher rental building offers long-term value and excellent income potential. Book your showing today! More details
    Listed by Sutton Group Grande Prairie Professionals
    LISTING DETAILS
    Mohit Dhillon

  • All 302 1 Street SE in Falher: Apartment for sale : MLS®# A2273672

    All 302 1 Street SE Falher T0H 1M0
    Main Photo: All 302 1 Street SE in Falher: Apartment for sale : MLS®# A2273672

    All 302 1 Street SE Falher T0H 1M0

    $700,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2273672
    Floor Area:
    6,900 sq. ft.
    Investment opportunity with this 7-unit apartment building located in the community of Falher. The property offers a desirable mix of unit sizes, making it attractive to a broad range of tenants. The building includes five 3-bedroom, 1-bathroom units (Units 1, 2, 3, 4, and 7), each featuring its own dedicated laundry room, and two 1-bedroom, 1-bathroom units (Units 5 and 6) with coin laundry. Additional building features include keyless entry for enhanced security and convenience, as well as separate storage rooms and coin laundry machines for tenant use. Several upgrades have already been completed, including replacement of all bottom-unit windows, adding value and peace of mind for future ownership. This apartment building provides strong rental income and is conveniently located near local amenities and services, making it an excellent opportunity for investors seeking stable returns and long-term growth. Book your showing today! More details
    Listed by Sutton Group Grande Prairie Professionals
    LISTING DETAILS
    Mohit Dhillon

  • 1-6 5502 49 Avenue in Lloydminster: North Lloydminster Apartment for sale : MLS®# A2273838

    1-6 5502 49 Avenue North Lloydminster Lloydminster S0M 0V4
    Main Photo: 1-6 5502 49 Avenue in Lloydminster: North Lloydminster Apartment for sale : MLS®# A2273838

    1-6 5502 49 Avenue Lloydminster S0M 0V4 North Lloydminster

    $659,777
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2273838
    Floor Area:
    3,648 sq. ft.
    Solid investment opportunity in Lloydminster. This well-maintained 6 suite apartment building offers stable rental income with long-term tenants in place. Interior photos and iGUIDE floor plan shown are representative of one unit only. Property includes assigned parking and on-site laundry. Information believed reliable but should be independently verified. More details
    Listed by Century 21 Drive
    LISTING DETAILS
    Mohit Dhillon

  • 4908 54 Avenue in High Prairie: 4 plex for sale : MLS®# A2287491

    4908 54 Avenue High Prairie T0G 1E0
    Main Photo: 4908 54 Avenue in High Prairie: 4 plex for sale : MLS®# A2287491

    4908 54 Avenue High Prairie T0G 1E0

    $599,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2287491
    Floor Area:
    1,779 sq. ft.
    Investor ALERT in High Prairie!!! Featuring an INCREDIBLE 11.3% Cap Rate + STRONG Cash Flow + SOLID UPGRADES throughout!!! This WELL-MAINTAINED Bi-level 4-Plex sits on a LARGE 6,092 Sq Ft lot and offers 3,558 Sq Ft of Total Developed LIVING SPACE. Designed for CONSISTENT Rental Demand and EASE of Management, this TURN-KEY opportunity delivers both excellent upside and LONG-TERM stability. The property features 4 RENTED units generating a total MONTHLY INCOME of $4,825. The 2 top-floor units each offer 756 Sq Ft, while the 2 lower units each provide 646 Sq Ft — a FUNCITONAL layout that supports STRONG OCCUPANCY and STEADY CASH FLOW!!! This property has had LOTS OF WORK put into it - w/SIGNIFICANT Updates + MAJOR Improvements already completed, making it a STRONG, LOW-MAINTENANCE investment opportunity!!! Shingles Replaced 2013, NEWER VINYL FLOORING + Tiled flooring throughout, NEWER Windows + Doors, NEWER Vanities, + EXTERIOR IMPROVEMENTS Include New SIDING on the FRONT + a FRESHLY Painted Deck. MAJOR MECHANICAL UPDATES for peace of mind: FURNACES (2026 and 2022 Years Old) + Hot Water Tanks (2022 + 2023) + APPLIANCE UPDATES: Stoves (2018 +2025), Fridges (2016 + 2019 + 2024). STRONG INCOME. BIG LOT. IMPRESSIVE RETURNS. Add this CASH-FLOWING asset to your portfolio TODAY!!! More details
    Listed by RE/MAX House of Real Estate
    LISTING DETAILS
    Mohit Dhillon
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Data was last updated October 12, 2026 at 08:05 AM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Multi Family Apartment Building Aerial

Explore Multi-Family today

Investors are increasingly turning to Alberta’s multifamily market to build long-term wealth and generate consistent monthly cash flow. Whether you’re seeking stabilized income assets or value-add redevelopment opportunities, Alberta’s diverse regions cater to every strategy. Calgary and Edmonton lead in scale and liquidity, while smaller centres such as Airdrie, Lethbridge, Grande Prairie, and Fort McMurray offer higher cap rates and affordable entry points.

For hands-on investors, Alberta’s light regulation and low taxes make property ownership straightforward. For institutional buyers, the province’s steady in-migration and undersupplied rental inventory create compelling fundamentals for large-scale acquisitions.

Multifamily Housing Market

The Alberta multifamily market has shown remarkable resilience, supported by rising population, job creation, and renewed confidence in the energy and tech sectors. Vacancy rates across major cities remain low—often under 3%—and rental rates have steadily increased over the past several years. New construction activity continues, yet demand still outpaces supply, particularly in purpose-built rental buildings.

Cap rates in Alberta’s major metros typically range between 4.5% and 6%, depending on age, condition, and tenant mix. Financing options such as CMHC-insured loans and MLI Select provide attractive leverage and long amortization periods, making Alberta a prime choice for investors focused on both stability and growth.

WHY INVEST MULTIFAMILY

Multifamily real estate refers to residential properties containing multiple rentable units under one ownership. Unlike single-family homes, multifamily investments create multiple income streams from a single asset, improving financial stability and scalability.

Investing in Alberta multifamily property offers unique advantages: low vacancy rates, steady population growth, business-friendly taxation, and a strong energy-backed economy. Demand for rental housing continues to climb as more residents move to Alberta for employment and affordability. With diverse opportunities ranging from small multiplexes to institutional-grade complexes, Alberta remains one of Canada’s most promising markets for multifamily investment success.

FAQ's

What qualifies as a multifamily property in Alberta?
Any residential property with two or more self-contained units—such as duplexes, triplexes, fourplexes, or apartment buildings—falls under the multifamily category.

Where are the best places to invest in multifamily in Alberta?
Calgary and Edmonton remain top choices for liquidity and long-term appreciation, while Red Deer, Lethbridge, and Grande Prairie offer higher yields and growth potential.

What are current cap rates for Alberta multifamily?
Cap rates range from 4.5% in prime Calgary and Edmonton locations to over 6% in smaller secondary markets.

Is financing available for new investors?
Yes. CMHC and MLI Select programs provide favourable terms for qualified buyers, including high loan-to-value ratios and extended amortizations.

What are the benefits of owning multifamily versus single-family rentals?
Multifamily assets spread risk across multiple tenants, offer economies of scale, and provide stronger cash flow stability during market fluctuations.

How is Alberta’s landlord legislation compared to other provinces?
Alberta maintains one of the most landlord-friendly frameworks in Canada, allowing fair eviction processes and market-driven rent adjustments.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.