2302 16A Street SW

4 plex For Sale in Bankview, Calgary CC

$999,999
  • 1,881 Sq. Ft.
  • Built 1912

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!
Address 2302 16A Street SW
List Price $999,999
Property Type Multi-Family
Type of Dwelling 4 plex
Area Calgary CC
Sub-Area Bankview
Floor Area 1,881 Sq. Ft.
Lot Size 3272 Ac.
Year Built 1912
MLS® Number A2122200
Listing Brokerage Real Broker
Postal Code T2T 0N2
Zoning M-CG d72

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Prestige Commercial Group

Remax Complete Realty

11450 29 St SE #201 Calgary Alberta T2Z 3V5

Office: 403-204-9323

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