18
See all 18 photos
$1,280,000
Est. payment /mo
2,353 SqFt
Price Dropped by $70K
2316 16 ST Southwest Calgary, AB T2T 4E7
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UPDATED:
03/03/2025 04:15 PM
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Square Footage 2,353 sqft
Price per Sqft $543
Subdivision Bankview
MLS® Listing ID A2193118
Year Built 1955
Lot Size 4,951 Sqft
Acres 0.11
Property Sub-Type 4 plex
Property Description
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!
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.