Listing Details

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Data was last updated 2025-08-03 at 00:15:11 GMT

2316 16 Street SW   Calgary, Alberta

$1,100,000
MLS®: A2244497
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!

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!

Listing Information

Prop. Type:
4 plex
Status:
Active
City:
Calgary
Neighbourhood:
Bankview
Area:
Calgary
Province:
Alberta
MLS® Number:
A2244497
Listing Price:
$1,100,000

General Information

Year Built:
1955
Total Square Feet:
2342ft2

Additional Information

Parking:
Parking Pad

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This property is listed by Datong Property Management Ltd. and provided here courtesy of Jim Beatty. For more information or to schedule a viewing please contact Jim Beatty.
Jim Beatty
Remax Landan Real Estate
Phone: 403-607-5801
Mobile Phone: 403-607-5801
Inquire Via Email
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
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JIM BEATTY 

RE/MAX Landan Real Estate 
#102, 279 Midpark Way SE
Calgary, Alberta T2X 1M2