Property Details for MLS® # A2193118
2316 16 Street, Calgary
4 plex for Sale
- MLS®#: A2193118
- Price: $1,350,000
- Parking: 4
- Status: Active
- Year Built: 1955
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!
Contact Dan Salloum About MLS® A2193118
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Dan Salloum, 403-807-0366 at RE/MAX HOUSE OF REAL ESTATE, 4034-16 st SW, Calgary, Alberta, T2T-4H4
property information
- Property Type: 4 plex
- MLS®#: A2193118
- Year Built: 1955
- Total Floor Area: 2,354 sq.ft
Community Information
- Address: 2316 16 Street
- Neighbourhood: Bankview
- City: Calgary
- Postal Code: T2T 4E7
interior
- Included: no
- Fireplace Details: For Sale
- Floor Finish: Laminate
exterior
- Exterior Finish: Composite Siding
- Construction: Composite Siding
- Roof: Asphalt Shingle
services & amenities
- Parking: Parking Pad (4 Total Parking Spaces)
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Datong Property Management Ltd.