2302 16A Street SW
Bankview
Calgary
T2T 0N2
$999,999
Multi-Family
1,881 sq. ft.
built: 1912
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- A2122200
- Year Built:
- 1912
- Photos (41)
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Attention Investors! With a lucrative 7.8% CAP Rate, seize this prime opportunity to benefit from an updated and fully rented 4-plex. Alternatively, generate rental income while awaiting permits for your development plans. Nestled in the highly desirable Bankview area adjacent to Buckmaster Park, this property offers easy access to Calgary's vibrant Beltline entertainment and arts district. Boasting a monthly Gross Income of $7,555.00, all tenants have been meticulously vetted within the past year and have signed leases where the utilities are paid by the tenants. The building comprises 5 units, with 4 compliant with city regulations, including a top-floor 2-bedroom unit, a 1-bedroom unit, and a bachelor unit on the main floor, as well as rear walk-out 1-bedroom units. Engineered for low maintenance, the property features a roof replacement approximately 8 years ago, all copper wiring, absence of poly-b plumbing, and furnace-forced air heating in all units. Comprehensive documentation such as RPR, sewer and electrical inspections, proforma, floor plan, and 3D tour are available for review. Elevate your investment portfolio today with this exceptional opportunity!
- Property Type:
- Multi-Family
- Property Sub Type:
- 4 plex
- Transaction Type:
- For Sale
- Possession:
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- Possession Date:
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- Total Living Area:
- 1,880.73 sq. ft.174.73 m2
- Main Level Finished Area:
- 1,154.1 sq. ft.107.22 m2
- Upper Level Finished Area:
- 726.63 sq. ft.67.51 m2
- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Below Grade Finished Area:
- 1,028.91 sq. ft.95.59 m2
- Taxes:
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- Tax Assessed Value:
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- HOA Fee Includes:
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- Lot Area:
- 3,272 sq. ft.303.98 m2
- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
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- Acres Not Cultivated:
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- Acres Freehold:
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- Acres Seeded:
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- Acres Tame Hay:
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- Acres Treed:
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- Acres Waste:
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- Acres Water Rights:
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- Reg. Size:
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- Reg. Size Includes:
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- Year built:
- 1912 (Age: 112)
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- 167U
- Heating:
- Forced Air
- Structure Type:
- Four Plex
- Ensuite:
- No
- Garage:
- 0
- Parking:
- On Street
- Parking Places:
- 2.0
- Parking Total/Covered:
- 2 / -
- Bankview (Calgary)
- 5 Stoves, 5 Refrigerators, 2 Dishwashers, 1 Hood Fan, 1 Washer, 1 Dryer
- None Known
- Title to Land:
- Fee Simple
- Num. of Parcels:
- 0
- Region:
- Calgary
- Zone:
- CAL Zone CC
- Zoning:
- M-CG d72
- Listed Date:
- Apr 30, 2024
- Days on Mkt:
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Listed by Real Broker
Data was last updated July 5, 2024 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 23
- Avg list price:
- $1,299,999
- Min list price:
- $265,000
- Max list price:
- $4,199,999
- Avg days on market:
- 30
- Min days on market:
- 5
- Max days on market:
- 163
- Avg price per sq.ft.:
- $601.16
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations.
- MALVINDER TIWANA
- 403-830-5152
- 1 (403) 8305152
- Contact by Email
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™.
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