Apr 05, 2025
12:00 PM
-
02:00 PM
MDT
2316 16 Street SW
Bankview
Calgary
T2T 4E7
$1,239,000
Multi-Family
1,177 sq. ft.
built: 1955
Open House
-
Apr 05, 2025
12:00 PM
-
02:00 PM
MDT
NOTES: Open House on Saturday, April 5, 2025 12:00PM - 2:00PM
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- A2206809
- Year Built:
- 1955
- Photos (18)
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Open house 12-2pm. Saturday April 05, 2025. Why settle for a house or duplex when you can own a high-income fourplex for the same price? This fully upgraded, centrally located Bankview property offers unbeatable rental appeal—just steps from downtown, transit, parks, and vibrant 17th Avenue. Overlooking the scenic Bankview Community Garden, it provides a serene setting for tenants. Renovated in 2016, it features energy-efficient windows, a new roof, modern appliances, and a state-of-the-art glycol heating system that cuts heating costs by 60%. The four spacious 1-bedroom units (2,343 square feet total) each have in-suite laundry, storage, and private entrances, while the lower units enjoy walk-out access. A 148-square-foot utility room adds extra functionality, and ample parking ensures convenience. With market rents generating $72,000 annually ($1,600 upper, $1,400 lower) and room for future increases, this property delivers immediate positive cash flow and strong long-term appreciation. Let tenants pay your mortgage while you build wealth and secure your future. The savvy investor can achieve semi or even full retirement upon purchase. Opportunities like this are rare—act now!
- Property Type:
- Multi-Family
- Property Sub Type:
- 4 plex
- Transaction Type:
- For Sale
- Possession:
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- Possession Date:
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- Total Living Area:
- 1,176.8 sq. ft.109 m2
- Main Level Finished Area:
- 1,176.8 sq. ft.109 m2
- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Below Grade Finished Area:
- 1,165.8 sq. ft.108 m2
- Taxes:
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- Tax Assessed Value:
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- HOA Fee Includes:
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- Lot Area:
- 4,951 sq. ft.460 m2
- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
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- Acres Not Cultivated:
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- Acres Freehold:
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- Acres Seeded:
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- Acres Tame Hay:
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- Acres Treed:
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- Acres Waste:
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- Acres Water Rights:
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- Reg. Size:
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- Reg. Size Includes:
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- Year built:
- 1955 (Age: 70)
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- 5228AF
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Composite Siding
- Structure Type:
- Four Plex
- Roof:
- Asphalt Shingle
- Ensuite:
- No
- Flooring:
- Laminate
- Garage:
- 0
- Parking:
- Parking Pad
- Parking Places:
- 4
- Parking Total/Covered:
- 4 / -
- Laundry Features:
- In Unit
- Bankview (Calgary)
- Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
- no
- None Known
- Title to Land:
- Fee Simple
- Community Features:
- Park, Shopping Nearby
- Num. of Parcels:
- 0
- Region:
- Calgary
- Zone:
- CAL Zone CC
- Zoning:
- M-CG
- Listed Date:
- Mar 29, 2025
- Days on Mkt:
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Larger map options:
Listed by Datong Property Management Ltd.
Data was last updated April 2, 2025 at 04:05 AM (UTC)
Area Statistics
- Listings on market:
- 22
- Avg list price:
- $1,269,500
- Min list price:
- $479,900
- Max list price:
- $3,200,000
- Avg days on market:
- 23
- Min days on market:
- 3
- Max days on market:
- 119
- Avg price per sq.ft.:
- $570.1
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations.
- MALVINDER TIWANA
- 403-830-5152
- 1 (403) 8305152
- Contact by Email
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