2619 16 ST SW new Save Request In-Person Tour Request Virtual Tour
Calgary,AB T2T 4G3
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Square Footage 3,902 sqft
Price per Sqft $371
Subdivision Bankview
MLS Listing ID A2249523
Style 2 Storey,Attached-Up/Down
Year Built 1958
Annual Tax Amount $6,303
Tax Year 2025
Lot Size 5,360 Sqft
Acres 0.12
Property Sub-Type 4 plex
Source Calgary
Property Description
Investment opportunity. Up/down 4 plex, just one block from 26 Ave in Bankview in 16 street. This area is big enough to a brand new condo building units, with maximum floor area ratio of 2.5. Each unit is 820 sq.ft. Mix of 3 -2 beds and 1 - 1 bed. Had recently upgraded to newer kitchen cabinet and flooring, newer bath room vanity. Monthly rent is $7,080.00, gross $84,960, net operating income is $72,196.56 making cap rate 5%. Great cash flow and holding property for redevelopment.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning M-C2
Rooms
Basement Finished,Full
Interior
Interior Features Separate Entrance
Cooling None
Flooring Laminate,Tile
Inclusions built-in electric range, dishwasher, washer, dryer, refrigerator
Appliance Built-In Electric Range,Dryer,Refrigerator,Washer
Exterior
Parking Features Concrete Driveway,Parking Pad
Garage Description Concrete Driveway,Parking Pad
Community Features Other,Shopping Nearby
Utilities Available See Remarks
Amenities Available None
Roof Type Asphalt
Porch None
Lot Frontage 40.0
Total Parking Spaces 4
Building
Story 2
Foundation See Remarks
Sewer Public Sewer
Water See Remarks
Architectural Style 2 Storey,Attached-Up/Down
Level or Stories Two
Structure Type Brick,Wood Frame
Others
Restrictions Rental
Tax ID 101321860
Ownership Joint Venture
Pets Allowed Yes