Open house 12-2pm. Saturday Aug 02, 2025. Discover a prime investment with this luxury fourplex—fully upgraded, centrally located, and perfectly situated in Bankview—offering 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 reduces heating costs by 60%. Each of the four spacious 1-bedroom units (2,343 square feet total) has 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 $67,200 annually ($1,500 upper, $1,300 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 astute investor can achieve semi or even full retirement upon purchase. Opportunities like this are rare—act now!
Property Details
Price:
$1,100,000
MLS #:
A2244497
Status:
Active
Baths:
0
Address:
2316 16 Street SW
Type:
Multi Family
Subtype:
4 plex
Subdivision:
Bankview
City:
Calgary
Listed Date:
Jul 30, 2025
Province:
AB
Finished Sq Ft:
2,342
Postal Code:
247
Lot Size:
4,951 sqft / 0.11 acres (approx)
Year Built:
1955
See this Listing
Rob Johnstone is a trusted Calgary Realtor with over 30 years of real estate experience. He has evaluated thousands of properties and is a recognized expert in Calgary home and condo sales. Rob offers accurate home evaluations either by email or through in-person appointments. Both options are free and come with no obligation. His focus is to provide honest advice and professional insight, helping Calgary homeowners make confident decisions when it’s time to sell their property.
More About RobMortgage Calculator
Schools
Interior
Appliances
Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
Laundry Features
In Unit
Exterior
Parking Features
Parking Pad
Parking Total
4
Roof
Asphalt Shingle
Financial
Map
Community
- Address2316 16 Street SW Calgary AB
- SubdivisionBankview
- CityCalgary
- CountyCalgary
- Zip CodeT2T 4E7
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2316 16 Street SW
Calgary, AB
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