AB > Calgary > Bankview
Calgary, AB T2T 4E7,2316 16 ST SW
Calgary, AB T2T 4E7,2316 16 ST SW
Calgary, AB T2T 4E7,2316 16 ST SW
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Ken Rigel

Ken Rigel

+1(403) 207-1748
$1,350,000
Est. payment /mo
2,353 SqFt
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UPDATED:

02/13/2025 02:00 AM

Key Details

Property Type Multi-Family

Sub Type 4 plex

Listing Status Active

Purchase Type For Sale

Square Footage 2,353 sqft

Price per Sqft $573

Subdivision Bankview

MLS® Listing ID A2193118

Originating Board Calgary

Year Built 1955

Annual Tax Amount $7,264

Tax Year 2024

Lot Size 4,951 Sqft

Acres 0.11

Property Sub-Type 4 plex

Property Description

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. Projected Market rents are $1,700/month for upper units and $1,450 for lower units, generating an impressive $75,600 annually with consistent 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!

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 95258678

Ownership Private

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Listed by Datong Property Management Ltd.
agent

Ken Rigel

Team Lead

+1(403) 207-1748

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