Data was last updated 2025-02-13 at 03:20:05 GMT
$1,350,000

2316 16 Street SW   Calgary, Alberta

MLS®: A2193118
URL:    
Discover a prime investment with this fully renovated M-CG zoned luxury fourplex, perfectly situated in Bankview?just steps from downtown, vibrant 17th Avenue, and parks. The backyard overlooks the beautiful Bankview Community Garden, offering tenants an idyllic setting. Tenants enjoy the convenience of walking to work, with the Sunalta CTrain station, Mount Royal University, the University of Calgary, and Shaganappi Point Golf Course all nearby. Fully renovated in 2016, the property boasts energy-efficient windows, a new roof, updated interior and exterior, modern appliances, and a state-of-the-art glycol heating system that reduces heating costs by 60%. The building includes four spacious 1-bedroom units, each with in-suite laundry, storage, and private entrances. The lower units offer walk-out access, while ample parking accommodates all tenants. Market rents are $1,700 per month for upper units and $1,450 for lower units, with the potential to generate an impressive $75,600 annually, with room for future increases. All units are currently rented, and there is an option to retain the existing management company at a reduced fee. Don't miss this exceptional investment opportunity!
Discover a prime investment with this fully renovated M-CG zoned luxury fourplex, perfectly situated in Bankview?just steps from downtown, vibrant 17th Avenue, and parks. The backyard overlooks the beautiful Bankview Community Garden, offering tenants an idyllic setting. Tenants enjoy the convenience of walking to work, with the Sunalta CTrain station, Mount Royal University, the University of Calgary, and Shaganappi Point Golf Course all nearby. Fully renovated in 2016, the property boasts energy-efficient windows, a new roof, updated interior and exterior, modern appliances, and a state-of-the-art glycol heating system that reduces heating costs by 60%. The building includes four spacious 1-bedroom units, each with in-suite laundry, storage, and private entrances. The lower units offer walk-out access, while ample parking accommodates all tenants. Market rents are $1,700 per month for upper units and $1,450 for lower units, with the potential to generate an impressive $75,600 annually, with room for future increases. All units are currently rented, and there is an option to retain the existing management company at a reduced fee. Don't miss this exceptional investment opportunity!

Listing Information

Prop. Type:
4 plex
Status:
Active
City:
Calgary
Neighbourhood:
Bankview
Area:
Calgary
Province:
Alberta
MLS® Number:
A2193118
Listing Price:
$1,350,000

General Information

Year Built:
1955
Total Square Feet:
2354ft2

Additional Information

Parking:
Parking Pad

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This property is listed by Datong Property Management Ltd. and provided here courtesy of Carmelle Smutko. For more information or to schedule a viewing please contact Carmelle Smutko.
Carmelle Smutko
Century 21 Bamber Realty LTD
Phone: 403-863-4536
Mobile Phone: 403-863-4536
Inquire Via Email
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.