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$ 1,239,000
Est. payment /mo
Active
2316 16 ST Southwest Calgary, AB T2T 4E7
1,176 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Square Footage 1,176 sqft
Price per Sqft $1,053
Subdivision Bankview
MLS® Listing ID A2206809
Year Built 1955
Lot Size 4,951 Sqft
Acres 0.11
Property Sub-Type 4 plex
Property Description
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!
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning M-CG
Interior
Flooring Laminate
Inclusions no
Appliance Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
Laundry In Unit
Exterior
Parking Features Parking Pad
Community Features Park, Shopping Nearby
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Dwelling Type Four Plex
Foundation Poured Concrete
Structure Type Composite Siding
Others
Restrictions None Known
Tax ID 95258678
Listed by Datong Property Management Ltd.