Multifamily Properties for Sale in Alberta

Multifamily properties for sale in Alberta provide investors with stable income and long-term appreciation in one of Canada’s most business-friendly provinces. From small duplexes in Calgary and Red Deer to full apartment complexes in Edmonton and Lethbridge, Alberta’s growing population and low vacancy rates continue to drive demand for quality rental housing. Supported by CMHC and MLI Select financing, these income-producing assets offer flexibility, scalability, and exceptional returns for both new and experienced investors.

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 Properties for Sale in Alberta - Listings

Multifamily Properties for Sale in Alberta

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  • 4920 52 Avenue in Grimshaw: 4 plex for sale : MLS®# GP202357

    4920 52 Avenue Grimshaw T0H 1W0
    Main Photo: 4920 52 Avenue in Grimshaw: 4 plex for sale : MLS®# GP202357

    4920 52 Avenue Grimshaw T0H 1W0

    $600,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    GP202357
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    3,690 sq. ft.
    Investor Alert... This fourplex in Grimshaw is for sale. All 4 units have tenants. The Two outside units have a single attached garage, 1 bedroom, den, 1 full bath, and modern kitchen with open concept living room. The inside units have no garages, 2 bedrooms, larger outdoor yard space, 2 full baths, modern kitchen with open concept living area. Currently all four units are owned by the builder and rented out. Rent is $1100.00 per month plus power, gas, telephone, television, tenants insurance and internet. Currently the Owner/Condo Corporation mows the grass, removes snow, garbage and pays water and sewer. All four units are rented and typically suit a senior tenant or couple. Call today to see this immaculate building. Great Location close to downtown so very convenient for tenants. This is the perfect senior option. Virtual tour of the 3rd unit (2nd form the East end) is now available. See the media section to view! More details
    Listed by RE/MAX Northern Realty
    LISTING DETAILS
    Mohit Dhilon

  • 5015 7 Avenue: Edson 4 plex for sale : MLS®# A2123708

    5015 7 Avenue Edson Edson T7E 1N7
    Main Photo: 5015 7 Avenue: Edson 4 plex for sale : MLS®# A2123708

    5015 7 Avenue Edson T7E 1N7 Edson

    $417,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2123708
    Floor Area:
    2,321 sq. ft.
    Calling all investors! This centrally located 4 Plex is close to the medical center, shopping and restaurants. This property features four 1 bedroom, 1 bathroom units with in suite laundry. Plenty of off street parking. More details
    Listed by ROYAL LEPAGE EDSON REAL ESTATE
    LISTING DETAILS
    Mohit Dhilon

  • 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 Dhilon

  • 5111 53 Street in Rocky Mountain House: Apartment for sale : MLS®# A2213865

    5111 53 Street Rocky Mountain House T4T 1E4
    Main Photo: 5111 53 Street in Rocky Mountain House: Apartment for sale : MLS®# A2213865

    5111 53 Street Rocky Mountain House T4T 1E4

    $1,434,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2213865
    Floor Area:
    7,335 sq. ft.
    Multi level assisted living facility for sale! 2017 built - 7,819 square foot assisted living facility providing a total of 6 suites with a total of 9 billable rooms. The main floor of the building has three suites, a laundry room, storage room, mechanical room and storage room. A common hallway leads from the font entrance on the west side of the building to the rear on the east. All suites have a kitchen, dining area, bathroom and living room. The second level has one large suite which houses four individual rooms, a dining area, kitchen, office, living room and two large bathrooms and one 2-piece washroom. The third level contains two private suites. Each unit has a kitchen, living room, dining room, den and bathroom. Also on this level is a furnace room and utility/storage room. Building was designed with accessibility in mind. Elevator for tenants use and extra parking behind the building. Also features a secure entrance with intercom and fob entrance. Must be seen to be appreciated! More details
    Listed by Century 21 Westcountry Realty Ltd.
    LISTING DETAILS
    Mohit Dhilon

  • 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

    $669,000
    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 Dhilon

  • 1-5 622 10 Street S in Lethbridge: London Road Apartment for sale : MLS®# A2231607

    1-5 622 10 Street S London Road Lethbridge T1J 2M8
    Main Photo: 1-5 622 10 Street S in Lethbridge: London Road Apartment for sale : MLS®# A2231607

    1-5 622 10 Street S Lethbridge T1J 2M8 London Road

    $924,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2231607
    Floor Area:
    3,509 sq. ft.
    You need to see this one of a kind property!! 5 legal suites above grade with additional income potential in the basement. This meticulously maintained classic home has the charm and modern conveniences you’ve been looking for. The main floor suite is spacious and offers two bedrooms and an open main floor plan. The second and third floors have an additional 4 legal suites, all with separate meters and paying their own electricity. These 4 suites are currently rented. The owner has continued to maintain the property over the years and always keeps it looking beautiful. Whether you want a great hands off revenue property or you want to live in the beautiful main floor suite and bring in extra income from the other units, this house has so much potential. The front sunroom even has a separate exterior entrance and would be a great office or area to host clients. There’s far too much to tell you about in this write-up, you need to come take a look for yourself! More details
    Listed by Lethbridge Real Estate.com
    LISTING DETAILS
    Mohit Dhilon

  • 1-19 (no 3 or 13) 4940 49 Street in Rocky Mountain House: Rocky Mtn House Apartment for sale : MLS®# A2234841

    1-19 (no 3 or 13) 4940 49 Street Rocky Mtn House Rocky Mountain House T4T 1B6
    Main Photo: 1-19 (no 3 or 13) 4940 49 Street in Rocky Mountain House: Rocky Mtn House Apartment for sale : MLS®# A2234841

    1-19 (no 3 or 13) 4940 49 Street Rocky Mountain House T4T 1B6 Rocky Mtn House

    $2,490,777
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2234841
    Floor Area:
    6,801 sq. ft.
    Rare Investment Opportunity – Fully Renovated Apartment Building in Rocky Mountain House Don’t miss this exceptional opportunity to own a fully tenanted, turn-key apartment building in the heart of Rocky Mountain House with potential to add 2 more stories! With $1 million in high-quality renovations, this 17-unit concrete and stone building is a rare asset—ideal for investors looking for long-term stability and returns. Other notable upgrades: new roof 2015, new windows 2016, new boiler 2020, and both pumps were rebuilt 2025. This professionally managed building features 16 well-designed studio apartments and one spacious one-bedroom unit. The expansive basement, formerly home to 30 underground parking stalls, offers incredible development potential. Whether you envision additional apartment units (subject to town approval), storage lockers, or a tenant recreation space, the possibilities are endless. A small office is already in place for property management or administrative use. Situated on one of the most desirable streets in Rocky Mountain House, the building boasts breathtaking west-facing mountain views, a large paved parking lot, and low-maintenance landscaping. With a concrete and stone exterior, minimal yard work, and close proximity to shopping, dining, and all local amenities, this is truly a prime addition to any investment portfolio. More details
    Listed by Realty Executives Alberta Elite
    LISTING DETAILS
    Mohit Dhilon

  • 4906-4914 49 Street in Berwyn: Row/Townhouse for sale : MLS®# A2236427

    4906-4914 49 Street Berwyn T0H 0E0
    Main Photo: 4906-4914 49 Street in Berwyn: Row/Townhouse for sale : MLS®# A2236427

    4906-4914 49 Street Berwyn T0H 0E0

    $399,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2236427
    Floor Area:
    4,320 sq. ft.
    Great investment property that is highly desired in the current rental market - 4 units at less then $110,000 a door and at an attractive rental rate of $1000 per door. The units have their own services and are complete with 3 bedroom ranging from 14 X 8 to 12 X 10, a 4 piece and a 2 piece bathroom, a large basement area that is unfinished and contains mechanical and laundry. Each unit has its own front and rear porch, rear yard that is fenced with chain link and is approx 18 X 50 for the two interior units, 24 X 50 for the north unit and 38 X 50 for the south unit. There is a gravel parking pad at the front of each unit and capable of holding two smaller vehicles. the units are easy to rent and the building is currently full so if you hear the investment market calling out to you then this is a prime opportunity to add to your current portfolio or begin with your first. The sign is up!! Call today!! More details
    Listed by Century 21 Town and Country Realty
    LISTING DETAILS
    Mohit Dhilon

  • 633 22 Avenue NE in Calgary: A-490 Row/Townhouse for sale : MLS®# A2235638

    633 22 Avenue NE A-490 Calgary T2E 1V3
    Main Photo: 633 22 Avenue NE in Calgary: A-490 Row/Townhouse for sale : MLS®# A2235638

    633 22 Avenue NE Calgary T2E 1V3 A-490

    $3,300,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2235638
    Floor Area:
    5,257 sq. ft.
    A tremendous opportunity to enhance your real estate portfolio with this show-stopping 4-plex in the heart of Winston Heights—an established inner-city community known for its central location, strong rental demand, and vibrant neighborhood charm. This brand-new, purpose-built investment property features four beautifully designed townhomes, each with 3 bedrooms, paired with four fully legal 2-bedroom basement suites—eight rentable units in total, all with private entrances for maximum flexibility and income potential. From the moment you arrive, the striking curb appeal sets this property apart. The exterior design is a standout, showcasing timeless architecture with a modern twist—clean lines, premium materials, and a sophisticated color palette create a truly upscale, boutique feel. Thoughtful landscaping, stylish lighting, and a unified facade add to the classy, high-end aesthetic that’s rarely seen in multi-family builds. Inside, each unit is finished with contemporary, low-maintenance features designed to attract quality tenants and minimize operational costs. Quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and large energy-efficient windows bring together form and function with elegant ease. Ideally located just minutes from downtown Calgary and within easy reach of major roadways, transit, parks, schools, and shopping, this property offers unmatched convenience for tenants and exceptional cash flow potential for investors. CMHC Select Financing eligible, this is a rare opportunity to own a high-yield, turnkey asset with long-term appreciation in a prime location. Don’t miss your chance to invest in one of the most visually stunning and thoughtfully designed 4-plexes Calgary has to offer. Contact us today for more details or to schedule a private tour. More details
    Listed by The Real Estate District
    LISTING DETAILS
    Mohit Dhilon

  • 10120 103 Avenue in Grande Prairie: Avondale 4 plex for sale : MLS®# A2236685

    10120 103 Avenue Avondale Grande Prairie T8V 1C1
    Main Photo: 10120 103 Avenue in Grande Prairie: Avondale 4 plex for sale : MLS®# A2236685

    10120 103 Avenue Grande Prairie T8V 1C1 Avondale

    $439,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2236685
    Floor Area:
    1,462 sq. ft.
    4Plex - 4 Renters $4300 Total Rent - 4 Power meters! Incredible Opportunity to own a 4 plex for 450k, that’s only 113k per door and to sweeten the deal its fully rented and cash flowing! This unique 4plex conversion has an Upper 3 bedroom space, two 1 bedroom basement suites a 2 story LOFT Suite! This Place has amazing parking with a front driveway and a massive gravel parking pad in the back, which is accessed through the alley. "A" basement suite is paying 800 per month, B basement suite is paying $900 per month, loft suite is paying $1100 per month and the Main floor is paying $1500 per month, tenants pay their own electricity, cable , telephone and tenant insurance. Owner pays water/sewer/garbage. There is a common area laundry room with coin operated washer and dryer that produces additional income of $100-$200 per month. Invest and rent? Create 4 Air BnB’s ? Or move into one of the suites and retire and let the other 3 tenants pay your mortgage! The side hustle options for the place are endless! (inside photos from when vacant in the past) More details
    Listed by Sutton Group Grande Prairie Professionals
    LISTING DETAILS
    Mohit Dhilon

  • 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 Dhilon

  • 4932 57 Avenue in Taber: Triplex for sale : MLS®# A2242944

    4932 57 Avenue Taber T1G 1E5
    Main Photo: 4932 57 Avenue in Taber: Triplex for sale : MLS®# A2242944

    4932 57 Avenue Taber T1G 1E5

    $600,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2242944
    Floor Area:
    1,330 sq. ft.
    A great investment opportunity in Taber close to all the schools! This fully legal and permitted triplex has just been renovated and brought up to current building codes. Featuring 3 - two bedroom apartments, this triplex also includes a large yard space for each unit and plenty of off street parking. This is a great opportunity to live in one unit and rent out the rest More details
    Listed by Parry Williams Real Estate Ltd.
    LISTING DETAILS
    Mohit Dhilon
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Data was last updated January 28, 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.
Multifamily Complex

Explore Multi-Family today

Explore current Alberta multifamily listings to find duplexes, triplexes, fourplexes, and apartment buildings that fit your investment goals. Each property is updated directly from the MLS® system in real time, ensuring you have access to the latest opportunities as soon as they hit the market. Whether you’re expanding a rental portfolio or searching for your first income-producing asset, Alberta’s pro-growth economy and strong in-migration trends make it a prime market for investors seeking consistent performance and appreciation.

ALBERTA Multifamily Market

Alberta’s multifamily real-estate market remains robust, driven by rapid population growth and continued economic expansion. Average cap rates typically range from 4.5 to 6 percent, depending on location and property type. Calgary and Edmonton dominate in scale and liquidity, while regional markets such as Airdrie, Lethbridge, and Grande Prairie deliver higher yields and strong rental absorption. Investor confidence is reinforced by accessible financing, landlord-friendly regulations, and consistent rental-rate growth across the province.

WHY INVEST MULTIFAMILY

Multifamily real estate consists of properties with multiple rental units under one ownership. These assets generate several income streams from a single property, reducing vacancy risk and improving cash-flow stability. Alberta’s landlord-friendly regulations, strong job creation, and affordable land make multifamily ownership an attractive long-term strategy. With CMHC-backed financing, low property taxes, and ongoing population inflows, investing in Alberta multifamily real estate provides a proven path to building wealth through stable income and sustained appreciation.

FAQ's

What counts as a multifamily property?
Any building containing two or more separate residential units, including duplexes, fourplexes, and apartment complexes.

Why invest in Alberta multifamily real estate?
Low vacancy, population growth, and a favorable legal environment make Alberta one of Canada’s strongest rental markets.

How are multifamily investments financed?
Through CMHC-insured loans, MLI Select, or commercial lending programs offering long amortizations and attractive rates.

Which Alberta cities perform best for multifamily?
Calgary and Edmonton lead in stability; mid-sized cities like Red Deer, Lethbridge, and Grande Prairie yield higher returns.

What amenities attract reliable tenants?
Modern finishes, secure parking, laundry, pet-friendly policies, and access to schools, shopping, and transit.

Is multifamily ownership suitable for first-time investors?
Yes. Smaller properties such as duplexes and triplexes provide manageable entry points with scalable growth potential.

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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.