2302 16a Street Calgary, Alberta t2k 4k4

1615.25 sqft
Forced Air


INVESTOR ALERT! M-CG inner city lot in Bankview!! This is an excellent opportunity to capitalize on an updated and fully rented 4-plex or collect rent as you wait for the permits for your development. The building boasts 5 fully occupied units and is in a highly desirable location on Buckmaster Park just minutes from downtown 17 Ave. The monthly income is $5,000 and the cap rate is over 6.5%. The building configuration consists of 5 units (4 legal): a top floor 2-bedroom unit, a 1 bedroom and bachelor unit on the main floor, a walk-out 1 bedroom unit, a bonus walk-out unit in the basement, a common area, and a laundry room. The building and grounds are designed to be low maintenance and 3 units are individually metered. Unit 1, and 1A share a meter. The large balconies overlook the park and downtown, there is a newer roof of 6 years, and your tenants have a fully terraced backyard. Add this to your investment portfolio today! (id:44923)

Property Details

MLS® Number A1193227
Property Type Multi-family
Community Name Bankview
Plan 167u


Appliances Washer, Refrigerator, Water Purifier, Dishwasher, Stove, Dryer, Water Heater - Gas
Basement Type Unknown
Constructed Date 1950
Construction Material Wood Frame
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 1615.25 Sqft
Total Finished Area 1615.25 Sqft
Type Multi-family
Utility Power Single Phase




Acreage No
Size Depth 20.07 M
Size Irregular 3250.00
Size Total 3250 Sqft|0-4,050 Sqft
Size Total Text 3250 Sqft|0-4,050 Sqft
Zoning Description M-cg


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