One of the most popular alternatives to buying an income property is buying a house with many units, such as a multiplex or a house with a separate suite. These choices enable you to generate rental revenue from the entire building or live in the home while renting out other apartments.
Suppose you’re ready to diversify your portfolio or just want to browse listings, you can quickly look for homes with a basement unit or a duplex, triplex, or fourplex, thanks to the filtering and segmentation features included in Zoocasa’s search system. Using these filters, you’ll find income properties available now in your area.
In the meantime, here are 16 listings in some of the most sought-after cities in Alberta, with prices ranging from the mid $400s to $3 million:
Income Properties Under $500,000
3039 Doverville Crescent Se, Calgary – $499,800
Property details:
- 5 beds, 2 baths, 3 parking
- Semi-detached
- Walking score 13/Transit score 41
A nicely refurbished home in Dover is perfect for renting the lower level while living upstairs. Three bedrooms, each with a four-piece bathroom and a separate laundry system, are located on the main level. Your income unit is in the basement as a fully finished, independent unit with a kitchen and laundry room. The house is in outstanding condition and has undergone a comprehensive renovation. Additionally, there is a garage at the back.
128 Coventry Drive, Wood Buffalo – $489,900
Property details:
- 4 beds, 3 baths, 4 parking
- Detached
- Walking score & Transit score N/A
This home is an excellent opportunity with a legal basement apartment for a mortgage helper. You will find the open-concept living area with hardwood flooring and many windows as soon as you enter this wonderful house. The legal one-bedroom has a separate entrance, a full kitchen with white cabinetry, a family area, and a beautiful 4-piece bathroom with white subway tile.
9409 88 Street, Greenview – $434,900
Property details:
- 5 beds, 2 baths, 4 parking
- Detached
- Walking score & Transit score N/A
This Riverstone duplex with revenue up and down is for sale. The units have been well taken care of, as evidenced by the fact that each has a private entrance, a single-car garage, and both. Each is separately metered and has a furnace and hot water tanks. With established, long-term tenants, these homes are already producing an income of $2, 700.00 plus monthly utilities.
Income Properties Under $750,000
5909 24 Avenue Close, Camrose County – $529,162
Property details:
- 3 beds, 2 baths, 4 parking
- Detached
- Walking score & Transit score N/A
The stunning living room with a built-in wall unit, a cozy fireplace, a roomy dinette, and the fantastic partially-covered deck will all be yours or the perfect pitch for future renters! The 9’9′ and 10” coffered ceilings, the custom cabinetry and mouldings, the English hardwood, and the ceramic tile flooring are just a few of the features of this well-built house. The kitchen and cabinetry are exceptional, and there is a huge walk-through pantry, a breakfast bar, and granite countertops.
222 Radley Place Se, Calgary – $600,000
Property details:
- 8 beds, 4 baths, 3 parking
- Detached
- Walking score 15/Transit score 45
Become an investor with this four-unit home! The current rent is $4,600 monthly, and the tenants hope to stay! This home could be precisely what your portfolio needs—well-kept and contemporary. Rent all four units or live in one and rent the other. Finalize the basement to add another legal unit!
11819 & 11821 53 St Nw Nw, Edmonton – $699,900
Property details:
- 8 beds, 6 baths, 2 parking
- Detached
- Walking score 15/Transit score 45
Check out this duplex without condo fees featuring an open-concept kitchen, dining/living room and a half bath in every unit! 9-foot ceilings, a quartz countertop, stainless steel appliances, and contemporary cabinets are all on the main floor. The back unit is rented month-to-month for $2400, while the front is now vacant. Tenants are willing to extend the lease with the new owner! Excellent property for multigenerational living or for living while renting.
Income Properties Under $1,000,000
202 Willow Place, Calgary – $765,000
Property details:
- 4 beds, 2 baths, 4 parking
- Detached
- Walking score 13/Transit score 41
Rare opportunity to join Cochrane’sCochrane’s Family-Friendly The Willows Neighborhood with an up-down duplex. Included is a basement apartment with nine-foot walls, a full kitchen, a living room, a four-piece bathroom, a laundry room, a bedroom, storage space, and a separate side door. A spacious retreat on the upper level has a walk-in closet, a five-piece walk-in shower, laundry, two more bedrooms, a second four-piece bathroom, and a massive bonus room.
10521 160 Ave, Greenview – $899,900
Property details:
- 6 beds, 4 baths, 10 parking
- Detached
- Walking & Transit score N/A
Investors, this rental ad writes itself! The basement two-bed, one-bathroom unit is gorgeous, featuring a vast recreation area with lots of cool built-in features, including a daybed reading area, a homework/study deck, and shelving around the television area. The stunning sunroom is the cherry on top, ready to become your ideal location for reading in the morning, riding your stationary bike, or relaxing with a game in front of the gas fireplace at night.
2031 27 Street Sw, Calgary – $998,500
Property details:
- 5 beds, 3 baths, 2 parking
- Detached
- Walking score 13/Transit score 45
An excellent mother-in-law suite or mortgage helper is this very coveted two-bedroom plus den-legal basement suite! The spacious kitchen/living area has custom cabinets, quartz countertops, several upper and lower cupboards, and a stainless steel appliance package. The welcoming front foyer includes a built-in closet and a seat with lots of storage before you enter the roomy front dining area.
Income Properties Below $1,500,000
45063a Twp Rd 734, Greenview – $1,175,000
Property details:
- 5 beds, 2 baths, 5 parking
- Detached
- Walking & Transit score N/A
This home has exceptional views overlooking Kleskun. On the main floor are an oversized sunroom and a sizable, U-shaped kitchen with many cupboards and counter space. If you need to relax, there are three beds and one bath with beautiful views from every window. For entertaining, the open living and dining areas are perfect. If more is needed, there’s a large central area with access to a separate deck. This home’shome’s basement unit features two bedrooms and a single bathroom, perfect for your portfolio.
4110 Whispering River Dr Nw, Windermere – $1,288,800
Property details:
- 5 beds, 5 baths, 6 parking
- Detached
- Walking score 7/Transit score 35
Enter the spacious entrance by gleaming tile floors. Pass through the formal living room to reach the exquisite custom kitchen, which boasts a crisp modern design. Thanks to the open-concept floor layout, the spacious family room with a modern electric fireplace and high ceilings is easily reachable from the dining area. The walkout basement includes two bedrooms, a three-piece bathroom, a separate kitchen, and a completed storage area.
1259 Eagle View Court Sw, Fort Mile County – $1,490,000
Property details:
- 5 beds, 4 baths, 4 parking
- Detached
- Walking & Transit score N/A
The fully finished walk-out basement features include three roomy bedrooms, two full bathrooms, a summer kitchen, and 9’9′ ceilings! With its enormous screen porch, expansive sun deck, lower patio area with a variety of seating options, chipping green and tee box, and hot tub, this house’shouse’s exterior is a work of art.
Income Properties Available Under $2,000,000
7224 81 Av Nw, Edmonton – $1,799,000
Property details:
- 6 beds, 4 baths, 5 parking
- Townhomes
- Walking score 4/Transit score 35
Eight separate turn-key fully rented units comprised four townhouses with legal suites. Thoroughly constructed enhanced contemporary features are available, including quartz countertops, Vinyl plank flooring, body spray panels and wash wands in tiled showers, meticulous landscaping and a private yard with a barbecue and picnic table! $103,200 in total annual revenue.
12115 39 Av Nw Nw, Edmonton – $1,995,000
Property details:
- 6 beds, 4 baths, 5 parking
- Detached
- Walking score 4/Transit score 35
Smart Home living in a Custom Built Luxury Home in Westbrook Estates, ready for your finishing touches! This executive living space has six bedrooms, five bathrooms, a second in-law suite, and a nanny suite. A fantastic living room with a linear fireplace and towering windows provides breathtaking views. Chic glass railing stairs lead to a loft family area, three bedrooms, and a laundry room on the second floor. Ensuite, steam shower, and walk-in closet in the main suite. Nanny suite and second-in-law family space in a well-lit basement.
10008 162 St Nw, Edmonton – $1,995,000
Property details:
- 16 beds, 13 baths, 5 parking
- Detached
- Walking score 18/Transit score 55
Check out this fourplex in Glenwood that is brand new, modern, and has separate entrances for each unit. This property features upgraded hardware, vinyl plank flooring, quartz countertops, stainless steel appliances, and large windows. There are 6 appliances in each of the 8 units, 16 total bedrooms, 12 full bathrooms, and four half bathrooms. This property would be a wonderful multi-family home or an excellent investment as a rental building!
Ready to diversify your portfolio? Check out all the properties available in Alberta now, and give us a call to connect with a local real estate agent to help you seal the deal!
