What counts as multi-family real estate
Any residential property with more than one housing unit is multi-family real estate. You've probably seen plenty: apartment complexes, condominiums, duplexes. For newcomers to real estate investing, these properties can be a solid starting point and a real investment opportunity.
Many commercial real estate investors start here. Working with an expert mortgage broker can help you find the best deals in your chosen community and make sure your investment journey gets off on the right foot.
Why multi-family properties make sense
The benefits of investing in multi-family property are wide-ranging, and they can be a sound investment for people from all walks of life. Multi-family housing plays an important role across Canada—it's an essential, affordable option and often the preferred type of housing for people at different stages of their lives.
More affordable from the start
Affordability is one of the key factors that attracts investors to multi-family real estate. It's generally more affordable than a single-family building, and that lower construction cost tends to flow through to lower mortgage financing and reduced operating costs. Those savings get passed down to your tenants, who benefit from a more affordable property with lower bills.
One address to manage
Ask a landlord what their favourite part of owning multi-family properties is, and chances are they'll say having one property to take care of rather than multiple buildings spread around town. One location feels ideal. That said, under that one roof you still have the same number of appliances and the same number of potential problems—just all in the same place.
Easier to increase property value
Increasing the overall value of multi-family real estate is relatively straightforward. Because the value of this kind of property is based on the income it generates when full to capacity, it's a matter of increasing income, decreasing expenses, or both. Even small changes in income and expenses can shift the value of your multi-family real estate.
What you can do next
If you're exploring multi-family investment—or any real estate financing—reach out. We help make sure your mortgage supports your actual goals, not just the property purchase.
Matt Broom-Hall Mortgage Broker & Happiness Creator Hello Mortgage Team [sayhello@hellomortgage.ca](mailto:sayhello@hellomortgage.ca)
Serving clients in Edmonton, Sherwood Park, Fort Saskatchewan, Leduc, Nisku, Stony Plain, Spruce Grove, Beaumont and St. Albert.
Also serving all areas of Alberta including Calgary, Lethbridge, Red Deer, Medicine Hat, Wood Buffalo / Fort McMurray, Grande Prairie, Airdrie, Lloydminster AB, Okotoks, Cochrane, Camrose, Chestermere, Sylvan Lake, Brooks, Strathmore, High River, Wetaskiwin, Lacombe, Canmore, Morinville, Whitecourt, Hinton, Olds, Blackfalds, Taber, Coaldale, Edson, Banff, Grand Centre, Innisfail, Ponoka, Drayton Valley, Cold Lake, Devon, Drumheller, Rocky Mountain House, Slave Lake, Wainwright, Stettler, St. Paul, Vegreville, Didsbury, Bonnyville, Westlock, Barrhead.
