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No. 1805 16 Street SW
Bankview Calgary T2T 4E3

$4,300,000
Multi-Family 16,510 sq. ft. built: 1952

Main Photo: No. 1805 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2172876
Photo 1: No. 1805 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2172876
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Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2172876
Year Built:
1952
Fantastic Investment Opportunity!This solidly built 20-unit complex, ideally located on the corner of 17th Ave SW and 16 St SW, offers a fantastic mix of newly developed suites. The Concrete building features 1 one-bedroom units(774.88sqf), 12 two-bedroom units(801.56sqf/774.88sqf), 5 three-bedroom units(959.32), and 2 bachelor suites—catering to various tenant needs. Common areas include shared coin-operated laundry, ensuring convenience for all residents. Major Repairs & Updates: New Boiler 2024 Aug $53,000,Newer Roof - 2017 ~$67,000,Newer Windows & Doors (90+) - 2012 ~$75,000,new painting, and 18 unit new flooring.The property also offers rear lane access to 4 garage spaces and 4 covered carports, providing valuable parking options. This 120' x 112' lot is zoned MR0201, offering potential for future development in this highly desirable location. Residents enjoy prime accessibility with walking distance to the C-Train station and a bus stop conveniently located right outside the building. With quick access to SAIT, the University of Calgary, Mount Royal University, downtown, and Western Canada High School, the property is perfectly positioned for students and professionals alike. Take advantage of this rare offering in a sought-after area, ideal for investors looking to capitalize on Calgary's growing real estate market. Contact us today to book a viewing!
Property Type:
Multi-Family
Property Sub Type:
Apartment
Transaction Type:
For Sale
Possession:
Possession Date:
Total Living Area:
16,510 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
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:
Stories Total:
3
Levels:
Multi Level Unit
Year built:
1952 (Age: 72)
Bathrooms:
- (Full:-, Half:-)
Plan:
2448O
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Garage:
0
Parking Places:
8.0
Parking Total/Covered:
8 / -
Bankview (Calgary)
Fridge x 20, Stove x 20, Coin Washer x 2, Coin Dryer x 2
None Known
Title to Land:
Fee Simple
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-CG d72
Listed Date:
Oct 19, 2024
Days on Mkt:
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Listed by Homecare Realty Ltd.
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$1,348,888
Min list price:
$875,000
Max list price:
$4,280,000
Avg days on market:
51
Min days on market:
6
Max days on market:
166
Avg price per sq.ft.:
$586.06
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706