2302 16A Street SW Calgary, AB T2T 0N2

$1,078,000
5
Beds
4.5
Baths
0.08
Acres
1,881
SQFT
573
$/SQFT
$1,078,000
5
Beds
4.5
Baths
1,881   sf
$573 / sf
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off the market
1/50
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Attention Investors! Recent SIX FIGURE RENOVATION: rebuilt decks, new railing, fencing, full exterior paint job, fresh landscaping, and a brand-new hot water tank. These improvements, combined with a roof replacement approximately 8 years ago, all copper wiring, and furnace-forced air heating, make this building a low-maintenance and reliable investment. The building comprises 5 units, with 4 fully compliant with city regulations, including:A top-floor 2-bedroom unit,A 1-bedroom unit and bachelor unit on the main floor,Two rear walk-out 1-bedroom units. Monthly Gross Income of $7,555.00.Located adjacent to Buckmaster Park and within walking distance of Calgary's vibrant Beltline entertainment and arts district. All tenants have been carefully vetted in the past year, with signed leases where utilities are paid by the tenants—ensuring a steady and hassle-free cash flow.This property offers flexibility—generate rental income now while exploring potential development opportunities. Fully rented and meticulously maintained 4-plex in the highly desirable Bankview area offers an exceptional opportunity to expand your real estate portfolio.Documentation Available: Compliant RPR, electrical inspections, proforma, floor plan, and 3D tour, is ready for review.

Attention Investors! Recent SIX FIGURE RENOVATION: rebuilt decks, new railing, fencing, full exterior paint job, fresh landscaping, and a brand-new hot water tank. These improvements, combined with a roof replacement approximately 8 years ago, all copper wiring, and furnace-forced air heating, make this building a low-maintenance and reliable investment. The building comprises 5 units, with 4 fully compliant with city regulations, including:A top-floor 2-bedroom unit,A 1-bedroom unit and bachelor unit on the main floor,Two rear walk-out 1-bedroom units. Monthly Gross Income of $7,555.00.Located adjacent to Buckmaster Park and within walking distance of Calgary's vibrant Beltline entertainment and arts district. All tenants have been carefully vetted in the past year, with signed leases where utilities are paid by the tenants—ensuring a steady and hassle-free cash flow.This property offers flexibility—generate rental income now while exploring potential development opportunities. Fully rented and meticulously maintained 4-plex in the highly desirable Bankview area offers an exceptional opportunity to expand your real estate portfolio.Documentation Available: Compliant RPR, electrical inspections, proforma, floor plan, and 3D tour, is ready for review.

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    Calgary
  • Status
    OM
  • Listing #
    A2162772
  • Built
    1912
  • Lot Size
    0.08
  • Listed on site
    128 days
  • Listing Brokerage
    Real Broker

Listed by:

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. Last updated: 2024-09-10 02:00:09
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Property details

Community Features

  • No HOA

Exterior features

  • No Pool

Interior Features

  • Carpet Floors
  • Basement Finished
  • Basement Full

Style

  • Two Story

Property History

DateDays AgoEventNew Price
Sep 9, 20244 mos agoPrice increased78,001 (7%)$1,078,000
Sep 8, 20244 mos agoNew on market$999,999
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