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Mr Channi Toor
THE REAL ESTATE COMPANY LTD.
11, 5080 - 12A STREET S.E., Calgary, Alberta
P: 403-478-1400  F: 403-592-9201
Email

Listing Details

For more information on this listing or other please contact me.

Data was last updated 2025-04-07 at 10:15:05 GMT
$1,239,000

2316 16 Street SW   Calgary, Alberta

MLS®: A2206809
URL:    
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!
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!

Listing Information

Prop. Type:
4 plex
Status:
Active
City:
Calgary
Neighbourhood:
Bankview
Area:
Calgary
Province:
Alberta
MLS® Number:
A2206809
Listing Price:
$1,239,000

General Information

Year Built:
1955
Total Square Feet:
1177ft2

Additional Information

Parking:
Parking Pad

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This property is listed by Datong Property Management Ltd. and provided here courtesy of Mr Channi Toor. For more information or to schedule a viewing please contact Mr Channi Toor.
Mr Channi Toor
THE REAL ESTATE COMPANY LTD.
Phone: 403-478-1400
Mobile Phone: 403-478-1400
Inquire Via Email
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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.

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Channi Toor

Having watched and participated in the growth of the Calgary area for many years now, I?ve developed unique knowledge of its communities and hidden treasures as well as an intuitive feel for its real estate market.

I take professional and personal pride in keeping my clients abreast of market trends, news and have in-depth knowledge of the subtleties of purchasing and selling real estate in Calgary.

Contact Me today and begin your Calgary real estate experience. I look forward to serving you.