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 

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. 

©2025 by Pillar 9.  All rights reserved.

Data last updated 3:35 PM UTC, 2/21/2025

Powered byLuxury Presence