Active
2316 16 Street SW
Calgary Alberta, T2T 4E7
$1,350,000
$573.49 per sqft
Active
2,354 sqft
Multi-family
Built in 1955
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!
A2193118
MLSⓇ ID
February 6, 2025
Listed
February 21, 2025
Updated
Interior Features
Appliances
Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
Laundry Description
In Unit
Floor Description
Laminate
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.11 Acres
Roof
Asphalt Shingle
Other Property Details
Days on Market
7
Garage
No
Parking
Parking Pad
Parking Total
4
View
No
County
Calgary
Pool
No
Zoning
M-CG
Listing History
Date | Event | Price |
---|---|---|
2/11/2025 | Price change | $1,350,000 -15% |
Courtesy of Datong Property Management Ltd., Wei Chen
Listing Contact: 403-926-5887
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Data last updated 3:35 PM UTC, 2/21/2025