Calgary, AB T2T 4E7,2316 16 ST SW
Calgary, AB T2T 4E7,2316 16 ST SW
Calgary, AB T2T 4E7,2316 16 ST SW
Calgary, AB T2T 4E7,2316 16 ST SW
Calgary, AB T2T 4E7,2316 16 ST SW
Calgary, AB T2T 4E7,2316 16 ST SW
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$ 1,159,000
Est. payment | /mo

1,176 SqFt


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$ 1,159,000
Est. payment | /mo
Save

1,176 SqFt

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 $985

Subdivision Bankview

MLS® Listing ID A2206809

Year Built 1955

Annual Tax Amount $7,264

Tax Year 2024

Lot Size 4,951 Sqft

Acres 0.11

Property Sub-Type 4 plex

Source Calgary

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 astute 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

Garage Description Parking Pad

Community Features Park, Shopping Nearby

Roof Type Asphalt Shingle

Total Parking Spaces 4

Building

Foundation Poured Concrete

Structure Type Composite Siding

Others

Restrictions None Known

Tax ID 95258678

Ownership Private

Listed by Datong Property Management Ltd.

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agent-avatar

As a real estate agent, Sheldons brings a strong passion and incredible dedication to ensuring real estate buyers and sellers achieve their goals in a smooth and fulfilling process. Growing up in a family of Real Estate Professionals, Property Managers, and Real Estate Investors, Sheldons gained valuable knowledge about real estate transactions. He nurtured a deep love for the industry from a young age. Given his background, he always desired to venture into the industry to give his clients a positive, rewarding, and financially satisfying real estate experience.


Determined to help his client navigate the complex and competitive market with ease, Sheldons seeks to guide, advise, and educate clients, in order to empower them to make wise and well-informed choices. He strives to go over and beyond to help buyers find their perfect homes and assist sellers in marketing their properties for top dollar. For Sheldons, there is nothing more fulfilling than seeing the smile and the look of satisfaction on his client’s face after a successful closing.


When you entrust Sheldons with your real estate dreams, you can be confident that he won’t rest until he turns them into reality.

 

+1(587) 832-1826

sxa@twentyrealty.ca

1816 Crowchild Trail NW # 700, Calgary, T2M, 3Y7, Canada

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2316 16 ST SW