Property Details

Featured in:

Winners:

Featured in:

Winners:

2316 16 Street SW
Calgary (A2244497)

$1,100,000
2,342 ft²
Loading Listing...

Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

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

Description

Open house 12-2pm. Saturday Aug 02, 2025. 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

Basic Info

MLS® #
A2244497
Property Type:
Multi-Family
Subtype:
4 plex
Subdivision:
Bankview
Price
$1,100,000
Sale/Lease:
For Sale
Size:
2,342 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
Related Properties
Share This Listing
Ask About This Property
  • This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Your Agent

Grassroots Realty Group Ltd.
1-833-477-6687

Email