Aug 02, 2025
12:00 PM
-
02:00 PM
MDT
2316 16 Street SW
Bankview
Calgary
T2T 4E7
$1,100,000
Multi-Family
2,342 sq. ft.
built: 1955
Open House
-
Aug 02, 2025
12:00 PM
-
02:00 PM
MDT
NOTES: Open House on Saturday, August 2, 2025 12:00PM - 2:00PM
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- A2244497
- Year Built:
- 1955
- Photos (18)
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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 Type:
- Multi-Family
- Property Sub Type:
- 4 plex
- Transaction Type:
- For Sale
- Possession:
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- Possession Date:
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- Total Living Area:
- 2,342 sq. ft.218 m2
- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Below Grade Finished Area:
- 2,331.6 sq. ft.217 m2
- Taxes:
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- Tax Assessed Value:
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- HOA Fee Includes:
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- Lot Area:
- 4,951 sq. ft.460 m2
- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
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- Acres Not Cultivated:
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- Acres Freehold:
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- Acres Seeded:
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- Acres Tame Hay:
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- Acres Treed:
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- Acres Waste:
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- Acres Water Rights:
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- Reg. Size:
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- Reg. Size Includes:
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- Year built:
- 1955 (Age: 70)
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- 5228AF
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Composite Siding
- Structure Type:
- Four Plex
- Roof:
- Asphalt Shingle
- Ensuite:
- No
- Flooring:
- Laminate
- Garage:
- No
- Parking:
- Parking Pad
- Parking Places:
- 4
- Parking Total/Covered:
- 4 / -
- Laundry Features:
- In Unit
- Bankview (Calgary)
- Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
- NO
- None Known
- Title to Land:
- Fee Simple
- Community Features:
- Park, Shopping Nearby
- Num. of Parcels:
- 0
- Region:
- Calgary
- Zone:
- CAL Zone CC
- Zoning:
- M-CG
- Listed Date:
- Jul 30, 2025
- Days on Mkt:
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Larger map options:
Listed by Datong Property Management Ltd.
Data was last updated August 1, 2025 at 04:05 AM (UTC)
Area Statistics
- Listings on market:
- 31
- Avg list price:
- $2,499,000
- Min list price:
- $899,000
- Max list price:
- $13,800,000
- Avg days on market:
- 31
- Min days on market:
- 1
- Max days on market:
- 207
- Avg price per sq.ft.:
- $567.72
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- MARK VERZYL
- GREATER YYC GROUP
- +1 403-617-9998
- Contact by Email
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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