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
$1,239,000
Est. payment /mo
1,176 SqFt
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OPEN HOUSE

Sat Apr 05, 12:00pm - 2:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 4 plex

Listing Status Active

Purchase Type For Sale

Square Footage 1,176 sqft

Price per Sqft $1,053

Subdivision Bankview

MLS® Listing ID A2206809

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

Open house 12-2pm. Saturday April 05, 2025. Why settle for a house or duplex when you can own a high-income fourplex for the same price? This fully upgraded, centrally located Bankview property offers 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 cuts heating costs by 60%. The four spacious 1-bedroom units (2,343 square feet total) each have 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 $72,000 annually ($1,600 upper, $1,400 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 savvy 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 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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