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by Diane Richardson

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2316 16 Street SW
Bankview Calgary T2T 4E7

$1,580,000
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
Photo 2: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 3: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 4: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 5: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 6: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 7: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 8: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 9: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 10: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 11: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 12: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 13: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 14: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 15: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 16: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 17: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Photo 18: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2193118
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2193118
Year Built:
1955
Open house 11:30am-1:30pm, Saturday Feb 08, 2025. This fourplex has 4 units and each has one bedrooms and one bathrooms. Market rents are $1,950/month for each upper unit and $1,650 for each lower unit, generating an impressive $86,400 annually with consistent increases. 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, with in-suite laundry, storage, and private entrances. The lower units offer walk-out access, while ample parking accommodates all tenants. The upper units generate $1,600/month, and the lower units bring in $1,500/month. 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
Structure Type:
Four Plex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate
Garage:
0
Parking:
Parking Pad
Parking Places:
4.0
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 9, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$1,580,000
Min list price:
$899,000
Max list price:
$3,095,000
Avg days on market:
34
Min days on market:
1
Max days on market:
214
Avg price per sq.ft.:
$568.52
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.

Contact Diane Richardson: 

Get in Touch with Your Questions or to Schedule Viewings via Phone, Email, Contact Form, or Live Chat

Contact Options:

  • Contact Form: Use the form on my website to send me a message directly. Please provide your name, email address, and message, and don't forget to include the property address or MLS® number for the listing you're interested in.

  • Phone Number: Call me directly at 403.397.3706 for any questions or to schedule viewings.

  • Email Address: Send me an email at Diane@Mypadcalgary.com for additional information or questions you may have.

  • Live Chat: Connect with me in real-time through the live chat feature on my website for immediate answers to your questions.
    This is a great way to get immediate answers to your questions. To ensure a prompt response, please include the property address or MLS® number for the listing you are interested in.

Diane Richardson
Cell: 403-397-3706