2316 16 Street SW, Calgary, Alberta, T2T 4E7
2316 16 Street SW, Calgary, Alberta, T2T 4E7
Bankview, Calgary
- $1,100,000
- $1,100,000
- A2244497
- 2342.00
- 0.11
- 1955
Property Description
Description: Discover a prime investment with this luxury fourplex—fully upgraded, centrally located, and perfectly situated in Bankview—offering 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 reduces heating costs by 60%. Each of the four spacious 1-bedroom units (2,343 square feet total) has 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 $67,200 annually ($1,500 upper, $1,300 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!
Property Details
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Property Type 4 plex, Multi-Family
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MLS Number A2244497
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Property Size 2342.00 sqft
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Year Built 1955
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Property Status Active
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Parking 4
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Brokerage name Datong Property Management Ltd.
Features & Amenities
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