2316 16 ST SW Active Save Request In-Person Tour Request Virtual Tour
Calgary,AB T2T 4E7
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Square Footage 2,342 sqft
Price per Sqft $469
Subdivision Bankview
MLS Listing ID A2244497
Year Built 1955
Annual Tax Amount $7,264
Tax Year 2024
Lot Size 4,951 Sqft
Acres 0.11
Property Sub-Type 4 plex
Source Calgary
Property 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!
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning M-CG
Interior
Flooring Laminate
Inclusions NO
Appliance Dishwasher,Dryer,Electric Stove,Refrigerator,Washer
Laundry In Unit
Exterior
Parking Features Parking Pad
Garage Description Parking Pad
Community Features Park,Shopping Nearby
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Foundation Poured Concrete
Structure Type Composite Siding
Others
Restrictions None Known
Tax ID 101645311
Ownership Private