Apartment Buildings for Sale in Alberta

Taber Multifamily for Sale

This three-storey, 29-unit walk-up apartment building offers a strong investment opportunity in the growing community of Taber. Constructed in 1980 and extensively renovated, the property is in excellent condition and designed for long-term durability and tenant appeal. The suite mix includes 11 one-bedroom and 18 two-bedroom apartments, each featuring a living room, dining area, kitchen, storage and linen closets, and a four-piece bathroom. Above-grade units enjoy private balconies with sliding patio doors, while common areas include concrete BBQ patios for resident use. The grounds are thoughtfully landscaped with mature trees, in-ground sprinklers, and perimeter fencing, complemented by concrete walks, drives, and parking areas. Residents benefit from 56 energized parking stalls and well-maintained outdoor spaces that enhance curb appeal. Recent upgrades include a new torch on roof and a new ventilation system installed in 2016, ensuring efficient building performance. Heating is provided through hot water baseboard systems, supported by 400-amp electrical service, separate meters, hot water tanks, and a forced-air furnace for pressurized hallways. Additional income is generated through on-site laundry facilities, averaging approximately $45 per unit per month. With its combination of modernized infrastructure, established landscaping, and proven revenue stream, this property represents a compelling multi-family investment in a stable and desirable market.

Property Subtype:

Apartment

Date on Market:

2025-12-04

Lloydminster Multifamily for Sale

This 8-suite apartment rental building is just the opportunity you have been looking for. There are 5 (2 bedroom) units and 3 (1 bedroom) unit in the building. This building has been well maintained over the years with improvements and upgrades to the heating system, added insulation in attic space, PVC windows, metal roofing- three suites have been renovated over the last few years, with one suite undergoing an entire makeover in the last 2 years. The building has two units that have been rented as Airbnb short term rentals with the balance of the units rented on monthly rental agreement. This is a well-managed building that generated total income from July 1, 2024- June 30, 2025, at $141,229.45 - after airBnb cleaning/hallway cleaning, snow removal and lawn care, property management, garbage, building insurance, property tax, utilities and repair and maintenance this building generated a total revenue of 80,073.00. Located in a quiet residential neighborhood, surrounded by a stable residential subdivision, this 8 suite building is a perfect investment that requires minimal effort to maintain. MLS # A2273578

Property Subtype:

Apartment

Date on Market:

2025-12-03

Grande Prairie Multifamily for Sale

INVESTMENT OPPURTUNITY FULLY OCCUPIED Mixed use building features 2 commercial units and 7 residential apartments in the heart of downtown Grande Prairie. Commercial tenants are very long term and residential units always in high demand giving you long term reliable cashflow. Tenant parking located behind the building. Also has coin operated laundry for additional income. Priced to sell at an attractive 8% cap rate.

Property Subtype:

Apartment

Date on Market:

2025-09-16

Wood Buffalo Multifamily for Sale

Franklin Place presents a compelling turnkey investment opportunity in the heart of Fort McMurray, Alberta’s energy capital. This fully renovated mixed-use property features 44 residential units and 12 commercial bays totaling 16,837 square feet of retail and office space. With 100% occupancy across both components, the asset delivers immediate in-place cash flow and long-term upside potential. The residential suite mix includes bachelor, one-bedroom, and bi-level two-bedroom units, with shared laundry, large balconies, in-suite storage, and 9-foot ceilings. Commercial tenants benefit from air-conditioned bays and high visibility along Franklin Avenue, the city’s primary commercial corridor. The building underwent extensive renovations in 2019, including new mechanicals, modernized interiors, updated roofing, and refreshed common areas, minimizing near-term capital requirements. Strategically located within walking distance of major amenities such as Walmart, Canadian Tire, and Northern Lights Regional Health Centre, the property offers direct access to Highway 63 and public transit routes. The surrounding neighborhood supports a stable tenant base of healthcare professionals, tradespeople, and students. Fort McMurray’s multifamily fundamentals are strong, with average household incomes nearing $189,000, a 4.9% annual population growth, and tightening rental vacancy rates. With residential rents currently averaging 20% below market, investors have a clear path to revenue growth through lease turnover and rate optimization.

Property Subtype:

Apartment

Date on Market:

2025-08-25

Athabasca Multifamily for Sale

Cornwall Place is a seventy-eight suite apartment complex located at 3210 Cornwall Drive in Athabasca, Alberta. There is a forty suite apartment building, and thirty-eight townhome style suites. The apartment building is a three and a half storey walk-up, wood-frame construction building. The townhomes are two-storey, wood-frame construction buildings. They were built in 1985. Parking is surface and paved. The total suite mix in the apartment building is 11 one-bedroom suites and 29 two-bedroom suites. The townhome suites are all three-bedroom suites. One two-bedroom suite in the apartment building is being used as an office, but can be converted back to a 2 bedroom suite. Eleven of the suites have been renovated, with the exception of the kitchen cabinets. The townhome suites have unfinished basements and in-suite laundry. All power is paid for individually by the tenants. The roofs on the buildings were replaced 18 years ago.

Property Subtype:

Apartment

Date on Market:

2025-07-23

Calgary Multifamily for Sale - Beltline

The offering includes two units sold together for $620,000, providing a combined footprint ideal for investment or owner-use. With an attractive 7% Cap rate and CC-X zoning, the property supports a range of commercial applications. Immediate availability allows buyers to capitalize on Calgary’s thriving Beltline market without delay. This is a rare opportunity to secure highly visible space in a high-demand urban corridor.

Property Subtype:

Apartment

Date on Market:

2025-06-25

Edmonton Multifamily for Sale - South

Edwards Townhouses are located at 248 Edwards Drive in Edmonton, Alberta. It is a seven building townhouse complex with a total of 44 units. It was built between 2012-2014. Each unit is two stories, with 3 bedrooms and 2.5 bathrooms. All units are above grade and there are no basements. Each unit has a single attached garage. The total square footage of each unit, excluding garage, is 1,183 square feet. 95 Total Parking Stalls. 3.17 Acre Site. The exterior involves primarily vinyl siding as well as stone detailing and asphalt shingles on peaked roofs. Additional site improvements include perimeter landscaping, walkways, fencing, curbing, and light poles.

Property Subtype:

Apartment

Date on Market:

2025-03-06

Edmonton Multifamily for Sale - Downtown

The inclusion of two underground parking stalls is an additional asset that contributes to the convenience and accessibility of the property. Prospective buyers interested in a stylish and adaptable space in a prime location are encouraged to explore this opportunity further. Location: Centrally located in a concrete building with high-end finishings, providing an attractive setting for retail or office use. Current Configuration: The unit is presently fixtured as a cafe/bar and spans two levels. Parking: Includes the advantage of 2 titled underground parking stalls, enhancing accessibility for occupants and customers. Zoning: Designated as Urban Warehouse (UW), allowing for a variety of retail and office uses. Flexibility: The design and zoning offer flexibility for various businesses to tailor the space to their specific needs. Sale Price: The unit is available for sale at a price of $995,000.00.

Property Subtype:

Apartment

Date on Market:

2025-01-29

Cochrane Multifamily for Sale - Rocky View County & Outlying

Prime Downtown Cochrane Commercial Condo Bay – For Sale Individually or with bay 3 (897 sf) and bay 4 (1,134 sf)! An exceptional opportunity for business owners and investors! Modern commercial condo bays in the heart of Downtown Cochrane, situated on Railway Street, directly across from Cochrane Station. This high-visibility, walkable location is in a rapidly growing area, ensuring steady foot traffic and business exposure. Perfect for owner-occupied businesses or investment rentals. Modern, well-maintained spaces – Minimal work needed to get up and running. Whether you're looking to establish your own business or expand your investment portfolio, these versatile spaces offer incredible potential in one of Cochrane's most sought-after commercial districts. *Space available with 8 months notice.

Property Subtype:

Apartment

Date on Market:

2025-01-27

Calgary Multifamily for Sale - Beltline

Builders Investors , here is the opportunity to purchase a generating income , 11 suite apartment of large 1 bedrooms, very well taking care of all thru the years , Brick facing building is to desired for , this lot and building of 6500 sq.ft. land use CC-MXH FAR OF 5 FAR COUD BE INCREASED TO 9 FAR WITH APPROVAL FROM CITY PLANNING DEPARTMENT. Great location in BELTLINE .Take advantage of Calgary’s growing population, young, entrepreneurial vibe, and rapidly evolving cityscape.

Property Subtype:

Apartment

Date on Market:

2024-12-03

Calgary Multifamily for Sale - Northeast

Discover an incredible investment opportunity with this spacious 8-unit property! Each unit boasts 3 bedrooms and 2 well-appointed washrooms, providing both comfort and convenience. Nestled in a desirable location, this building offers the perfect blend of urban living and tranquility. With its modern design, ample parking, and proximity to schools, shopping, and transportation, it's an ideal choice for savvy investors or those looking for a place to call home. Don't miss your chance to own this remarkable property that promises great returns and a wonderful place to live. Contact us today for more information and to schedule a viewing.

Property Subtype:

Apartment

Date on Market:

2023-09-23

Calgary Multifamily for Sale - Downtown

Welcome to the ELEMENT on 1ST ST & RIVERFRONT in prime chinatown district of downtown CALGARY, this 9 story concrete building with 30 rental condo units showcasing 1 & 2 bedroom suites . The top 8th floor consists of 3 penthouse units with breathtaking views of the river and downtown skyline , also access to the top floor DOME an outside were everyone can hang out, bbq and enjoy the views . The other 6 floors are all residential units, with the main floor having 2 commercial retail bays currently 1 is leased out to a very successful convenience store and the other bay is currently being used as an office by the management team, which can be leased out for additional revenue. The building features a small but useful underground parkade which is used for additional revenue. This high end brick building was built using high end products and very good quality making it a long lasting revenue producing property with the potential to sub divide as it is all under 1 title . SOO MUCH POTENTIAL !! Please call to arrange a showing or for more information .

Property Subtype:

Apartment

Date on Market:

2023-07-18

Edmonton Multifamily for Sale - Central

Excellent investment opportunity. Each unit has 1,088 sq. ft. over 2 floors plus basement. All the units are finished and fully leased making this a low risk investment. Developer will finish basement if desired

Property Subtype:

Apartment

Date on Market:

2023-07-06

Red Deer Multifamily for Sale

The suite mix is 15 One One-Bedroom suites, 20 One-Bedroom suites and Den, and 20 Two-Bedroom suites. Each suite comes complete with luxury vinyl plank flooring, modern cabinetry in kitchens and bathroom and low -pile carpets in bedrooms and dens. Current Condo Fees of $114,417.84.

Property Subtype:

Apartment

Date on Market:

2023-03-17

Edmonton Multifamily for Sale - Downtown

Character building in the downtown core Blocks from Rogers arena and MacEwan university Mixed use building

Property Subtype:

Apartment

Date on Market:

2024-09-18

Calgary Portfolio of properties for Sale - Northwest

Inner City Riverfront Comunity located on Private Property Cul-de-Sac. Cap Rate is calculated on gross rental potentialof $3550 per month per unit. Water and Sewer utilities are included in the Common Area Fess. Property Taxes for all 4 Townhomes: $1271/month. All new GEM recycled rubber shingles installed summer 2021. Op Costs for all 4 Townhomes: $2608/month (includes all maintenance, reserve fund, property insurance, water and sewer) Each Townhome has 3 bedrooms, 2.5 baths, heated attached garage, balcony and/or fenced private backyard. Option to be sold as individual Townhomes with variable pricing starting at $ 799,000, 1-4 Townhome grouping or as a corporation owning 100% of all 4 Townhomes

Property Subtype:

Multi Family

Date on Market:

2018-10-12

Red Deer Multifamily for Sale

Creekside Mobile Home Park offers a rare combination of stable income and significant development potential in central Red Deer, Alberta. This 10.93-acre site is currently operational with 77 sites at near-full occupancy, generating reliable cash flow while providing flexibility for future development. Recently rezoned to Residential High-Density (R-H), the property can accommodate up to 300 residential units, including apartments, townhomes, and supportive living, with additional potential for mixed-use amenities such as daycares and specialty retail. Strategically located off of Gaetz Avenue, Red Deer’s main north-south corridor, adjacent to the Red Deer Resort & Casino and close to the Regional Hospital Centre and Red Deer Polytechnic, the site benefits from strong connectivity and surrounding amenities, enhancing both current demand and future market appeal. Creekside represents a unique opportunity for developers to capitalize on Red Deer’s growth, combining prime location, scale, and zoning flexibility for phased or full-scale residential transformation.

Property Subtype:

Mobile Home Park

Date on Market:

2025-11-19

Edmonton Multifamily for Sale - South

Pine Creek Manor offers investors a rare opportunity to acquire a stabilized, modern multifamily asset in one of Edmonton’s fastest-growing submarkets. Located in Jackson Heights within Mill Woods, this 174-unit complex spans two four-storey buildings on a 4.6-acre site, completed in 2018. The property features a highly desirable suite mix, with 99.5% of units configured as spacious two-bedrooms—many exceeding 900 SF—designed to attract long-term family tenants seeking comfort, convenience, and community. Each unit is equipped with in-suite laundry, air conditioning, quartz countertops, stainless steel appliances, and private balconies or patios. The buildings offer secure keyless entry, intercom systems, and 24-hour video surveillance. With 289 energized surface parking stalls, the property boasts a strong parking ratio of 1.66 stalls per unit. Strategically positioned near Whitemud Drive and 50th Street, Pine Creek Manor provides seamless access to major commuting routes, including Anthony Henday Drive and Gateway Boulevard. Residents benefit from proximity to the Mill Woods Recreation Centre, Grey Nuns Hospital, Mill Woods Town Centre, and the Valley Line West LRT. The surrounding area is rich in retail, dining, and educational amenities, supporting tenant retention and rental growth. The Southeast Edmonton submarket is experiencing rapid population growth, driven by immigration and family demographics. With a submarket vacancy rate of just 2.9% and average two-bedroom rents at $1,776, Pine Creek Manor is well-positioned to deliver strong yield and long-term capital appreciation. Edmonton’s lack of rent control and rising demand for purpose-built rentals further enhance the investment appeal.

Property Subtype:

Apartment

Date on Market:

2025-09-30

Edmonton Portfolio of properties for Sale - North

99 suites currently available for purchase | 124 total suites. The property consists of four multi-unit residential condominium buildings, along with a central parkade.

Property Subtype:

Multi Family

Date on Market:

2025-09-18

Edmonton Multifamily for Sale - North

Attractive Suite Mix: 63% of the suite mix is comprised of one- and two-bedroom suites, catering to the area’s demographic of families, couples, and young professionals. Major Capital Improvements: Nearly all capital improvements completed, including siding and exterior, balconies, windows, roof, mechanicals, and common areas. Ideal Commuting Location: Located along 132 Avenue, the property offers great connectivity with public transit at its doorstep and the Yellowhead Freeway just 7 km south. Its prime location across from Grand Trunk Park and Rosslyn Park adds to tenant appeal, combining convenience with access to green spaces.

Property Subtype:

Apartment

Date on Market:

2024-12-30

Calgary Multifamily for Sale - Downtown

Property Subtype:

Apartment

Date on Market:

2026-03-11

Calgary Multifamily for Sale - Northeast

New Construction 4-Plex | 4 Legal Suites | Inner-City Multifamily Investment Opportunity Investment Type: Residential Multifamily (4 Units) Asset Class: Low-Rise / Infill Multifamily Ownership: Fee Simple 227 31 Avenue NE presents a newly constructed fourplex consisting of four fully self-contained legal suites in a strong inner-city rental corridor of Calgary. This purpose-built multifamily asset offers investors stable income potential with long-term appreciation upside. Property Overview Each unit features: • Open-concept living and dining layouts • Modern kitchens with stone countertops and quality cabinetry • Stainless steel appliance packages • In-suite laundry • Separate entrances • Durable, low-maintenance finishes • High-efficiency mechanical systems The property is designed to minimize operational costs while maximizing rental appeal. Contemporary exterior finishes and professional construction provide long-term durability and strong curb appeal. Investment Highlights • Brand new construction • 4 legal rental suites • Strong rental demand location • Turnkey, income-producing asset • Suitable for conventional or CMHC-insured financing • Ideal for long-term hold investors Location Located in Calgary’s established northeast inner-city corridor, the property provides quick access to: • Downtown Calgary • Major transportation routes • Public transit • Retail and employment hubs • Schools and community amenities The surrounding area continues to see steady redevelopment and intensification, supporting long-term value growth. ? This offering presents a rare opportunity to acquire a new-construction 4-unit residential asset in a supply-constrained inner-city market.

Property Subtype:

Apartment

Date on Market:

2026-02-11

Edmonton Multifamily for Sale - South

This four-plex apartment building is located at 10139 - 80 Street in Edmonton, Alberta, in the neighbourhood of Forest Heights. It is a two and a half storey, wood-frame construction building with decks. It was built in 1978. Parking is surface and paved. All four suites are five bedroom, two and a half bath suites. Three bedrooms are located on the second floor, and two in the basement. Each suite has its own furnace, hot water tank, laundry, and tenants pay their own utilites. Each suite has a full basement that was professionally renovated. The property is fully renovated. Over $270,000 has been invested in renovations over the last two years!

Property Subtype:

Apartment

Date on Market:

2025-04-21