Property Details

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Featured in:

Winners:

2316 16 Street SW
Calgary (A2206809)

$1,198,000
1,177 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

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!

Property details

Basic Info

MLS® #
A2206809
Property Type:
Multi-Family
Subtype:
4 plex
Subdivision:
Bankview
Price
$1,198,000
Sale/Lease:
For Sale
Size:
1,177 sq.ft.
Year Built:
1955 (70 years old)

Building Info

Structure Type:
Four Plex
Garage:
No
Parking:
Parking Pad
Fence:
Basement:
No
Inclusions:
no
Appliances:
Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
Laundry:
In Unit

Neighborhood Info

Nearby Amenities:
Park, Shopping Nearby

Lot / Land Info

Lot Size:
0.11 acres
Zoning:
M-CG

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Composite Siding
Floors:
Laminate
Foundation:
Poured Concrete
Amenities:
Park, Shopping Nearby

Listing Info

Possession:
60 Days / Neg
Days on Market:
27
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Grassroots Realty Group Ltd.
1-833-477-6687

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