2302 16a Street Sw, Calgary, Alberta

$999,999

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1,881

Square feet

0.08

Acres

About 2302 16a Street Sw

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!

Features of 2302 16a Street Sw

MLS® # A2122200
Price $999,999
Bathrooms 0.00
Square Footage 1,881
Acres 0.08
Year Built 1912
Type Multi-Family
Sub-Type 4 plex
Status Active

Community Information

Address 2302 16a Street Sw
Subdivision Bankview
City Calgary
County Calgary
Province Alberta
Postal Code T2T 0N2

Amenities

Parking Spaces 2
Parking On Street
Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Fireplace No
Has Basement No

Additional Information

Date Listed April 30th, 2024
Days on Market 79
Zoning M-CG d72
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeReal Broker

Listing Map

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