New Listing
1520 34 Avenue Sw, Calgary
$1,199,900 - 1,979 Sf
MLS® # A2204641
Greater Property Group
2316 16 Street Sw, Calgary
$1,239,000
0 Beds
0 Baths
1,177 Sqft
.11 Acres
0 Garages
Open house 12-2pm. Saturday April 05, 2025. 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!
Essential Information
MLS® #A2206809
Price$1,239,000
Bathrooms0.00
Square Footage1,177
Acres0.11
Year Built1955
TypeMulti-Family
Sub-Type4 plex
StatusActive
Community Information
Address2316 16 Street Sw
SubdivisionBankview
CityCalgary
CountyCalgary
ProvinceAlberta
Postal CodeT2T 4E7
Amenities
Parking Spaces4
ParkingParking Pad
Appliances
Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
Exterior
RoofAsphalt Shingle
ConstructionComposite Siding
FoundationPoured Concrete
Additional Information
ZoningM-CG
Office
Datong Property Management Ltd.
LISTING MAP
Properties for Sale Similar to 2316 16 Street Sw, Calgary, Alberta
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.
