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. Market rents are $1,700 per month for upper units and $1,450 for lower units, with the potential to generate an impressive $75,600 annually, with room for future 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!

Features
: Parking Pad
: Asphalt Shingle
0.11
7
: Sw
Property Information
Datong Property Management Ltd.
: Laminate
: Poured Concrete
: Composite Siding
1
: For Sale
1
Multi-family
Address Map
US
Alberta
Calgary
Calgary
T2T 4E7
Bankview
16
2316
Street
W115° 54' 3.4''
N51° 2' 1.2''

Attached Infill

2316 16 Street, Sw, Calgary, Alberta T2T 4E7

2,353.60 Sqft
1955
C$1,350,000
Listing ID #A2193118
Basic Details
Property Type : Attached Infill
Listing Type : For Sale
Listing ID : A2193118
Community : Bankview
Price : C$1,350,000
Square Footage : 2,353.60 Sqft
Year Built : 1955
Lot Area : 4,951 Sqft
Agent info
CIR Realty
707 10 Ave SW #100
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