Top-Floor Condos for Sale in Calgary (Updated Daily)

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Diane Richardson
Phone: 403.397.3706
Email: diane@mypadcalgary.com

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2316 16 Street SW
Bankview Calgary T2T 4E7

$1,350,000
Multi-Family 2,354 sq. ft. built: 1955

Main Photo: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 1: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
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Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2193118
Year Built:
1955
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!
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Possession:
Possession Date:
Total Living Area:
2,353.6 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
2,331.6 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:
Feb 06, 2025
Days on Mkt:
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Listed by Datong Property Management Ltd.
Data was last updated February 24, 2025 at 10:05 AM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$1,390,000
Min list price:
$899,999
Max list price:
$3,200,000
Avg days on market:
18
Min days on market:
3
Max days on market:
83
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.
Diane Richardson
Cell: 403-397-3706