2316 16 Street, Calgary

4 plex for Sale

2316 16 Street, Calgary, MLS® # A2193118
  • MLS®#: A2193118
  • Price: $1,350,000
  • Parking: 4
  • Status: Active
  • Year Built: 1955
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Login or Create an Account to Access Days On Website Financial Information Legal Description Lot Zoning

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

Required Field

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
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Community Information

  • Address: 2316 16 Street
  • Neighbourhood: Bankview
  • City: Calgary
  • Postal Code: T2T 4E7
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interior

  • Included: no
  • Fireplace Details: For Sale
  • Floor Finish: Laminate
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exterior

  • Exterior Finish: Composite Siding
  • Construction: Composite Siding
  • Roof: Asphalt Shingle
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services & amenities

  • Parking: Parking Pad (4 Total Parking Spaces)
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$1,350,000

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Listing Courtesy of
Datong Property Management Ltd.
Disclaimer: The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.

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