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Diane Richardson @ 403.397.3706

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2316 16 Street SW
Bankview Calgary T2T 4E7

$1,239,000
Multi-Family 1,177 sq. ft. built: 1955

Main Photo: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2206809
Photo 1: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2206809
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Photo 5: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2206809
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Photo 16: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2206809
Photo 17: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2206809
Photo 18: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2206809
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2206809
Year Built:
1955
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!
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Possession:
Possession Date:
Total Living Area:
1,176.8 sq. ft.
Main Level Finished Area:
1,176.8 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,165.8 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,951 sq. ft.
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
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:
0
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:
Mar 29, 2025
Days on Mkt:
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Larger map options:
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Listed by Datong Property Management Ltd.
Data was last updated April 24, 2025 at 08:05 AM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$1,290,000
Min list price:
$313,000
Max list price:
$5,495,000
Avg days on market:
33
Min days on market:
4
Max days on market:
142
Avg price per sq.ft.:
$571.68
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
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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.
Diane Richardson
Cell: 403-397-3706