Let’s face it. Jumping straight into a large apartment building is not for everyone. The financing is tougher, the management is complex, and the risk can feel overwhelming, especially if you’re new to real estate investing.
But what if there was a sweet spot? A property small enough to feel manageable but big enough to generate solid income. That’s exactly where the 4-plex shines.
At Green Casa, we’ve worked with countless first-time and mid-level investors in Calgary, and time and again, the 4-plex proves to be the perfect entry point into multi-family real estate.
So, What Exactly Is a 4-Plex?
A fourplex is a residential property that contains four separate rental units under one roof. In Calgary, these often look like stacked or side-by-side townhomes or converted single-family homes. The best part? They’re considered residential, not commercial, which means easier financing and CMHC eligibility.
Why 4-Plexes Make Sense in Calgary
Calgary is one of Canada’s most promising real estate markets. With steady population growth, job creation, and a growing need for affordable rental housing, small multi-family homes are in high demand.
Here’s why 4-plexes stand out:
1. Easier to Finance
Unlike a 5-plex or 6-plex, a 4-unit property still qualifies as residential real estate. This means:
- You can qualify for a mortgage with lower down payments
- You’re eligible for owner-occupied financing (live in one unit, rent out the others)
- Interest rates are typically better than commercial mortgages
2. Live in One Unit, Rent the Others
Many first-time investors live in one unit while renting the other three. This not only reduces your living expenses but also makes it easier to manage the building and build equity while essentially living for free.
3. Steady Rental Income
Four rental units = four income streams. Even if one tenant moves out, you’re still bringing in income from the others. This helps reduce risk and smooth out cash flow compared to a single-family rental.
Finding the Right 4-Plex in Calgary
Not all 4-plexes are created equal. Location, condition, and local demand play a big role in performance.
Here are a few neighbourhoods to watch:
- Forest Lawn and Ogden: More affordable entry prices and strong rental demand
- Tuxedo Park and Highland Park: Central, great access to transit and amenities
- Bowness and Montgomery: Great mix of character homes, redevelopment, and new renters
- Southwood and Acadia: Popular with families and long-term tenants
Tip: Look for properties near LRT stations, major bus routes, or community centers—these tend to attract long-term renters.
How to Manage a 4-Plex Like a Pro
Managing a 4-unit property is a lot more hands-on than a single rental. But it’s also a great way to learn the ropes of property management without feeling overwhelmed.
Here’s what helps:
- Tenant screening is everything: The smaller the building, the more tenant personalities matter.
- Stay on top of maintenance: Small issues can affect multiple units quickly.
- Set clear boundaries, especially if you’re living on-site; keep it professional.
- Consider hiring a property manager: If you want passive income, a good manager can make it truly hands-off.
Final Thoughts
A 4-plex is more than just a building; it’s a gateway. It’s where many investors in Calgary take their first confident step into the world of multi-family investing. With strong income potential, better financing options, and the flexibility to live in and manage your property, it’s no wonder 4-plexes are gaining traction.
Thinking of starting small and dreaming big? A 4-plex might be exactly what you’ve been looking for.
