MAHOGANY HOMES FOR SALE FROM $700,000 to $800,000 CALGARY

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2316 16 Street SW
Bankview Calgary T2T 4E7

$1,100,000
Multi-Family 2,342 sq. ft. built: 1955

Main Photo: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2244497
Photo 1: 2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2244497
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Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2244497
Year Built:
1955
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 Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Possession:
Possession Date:
Total Living Area:
2,342 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
Construction Material:
Composite Siding
Structure Type:
Four Plex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate
Garage:
No
Parking:
Parking Pad
Parking Places:
4
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:
Jul 30, 2025
Days on Mkt:
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Listed by Datong Property Management Ltd.
Data was last updated August 10, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$2,324,500
Min list price:
$899,000
Max list price:
$13,800,000
Avg days on market:
40
Min days on market:
9
Max days on market:
216
Avg price per sq.ft.:
$551.5
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations. This data is not produced by the MLS® system.
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA