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Fully renovated luxury fourplex in Bankview63395519278081120
Fully renovated luxury fourplex in Bankview63395519278081121
Fully renovated luxury fourplex in Bankview63395519278081122
Fully renovated luxury fourplex in Bankview63395519278081123
Fully renovated luxury fourplex in Bankview63395519278081124
18
CA$1,100,000
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Fully renovated luxury fourplex in Bankview

address2316 16 St SW, Calgary, AB T2T 4E7, Canada

Description

Build your generational wealth with an entry into multifamily ownership. This fully upgraded luxury fourplex—centrally located in Bankview, steps from downtown, transit, parks, and vibrant 17th Avenue—overlooks the scenic Bankview Community Garden, offering a serene setting for tenants. The property 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 4 spacious 1-bedroom units (2,343 square feet total) has in-suite laundry, storage, and 2 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. Live in 1 unit and rent the other 3, or rent all 4 to maximize income. Rental income counts toward mortgage qualification, making it easier to secure your purchase. 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. The current owner retired several years ago and is moving on to larger projects—creating a rare opportunity to acquire a proven, low-maintenance, income-generating asset. Workers create $2-5 of profit on average for every $1 they earn—the rest goes to their boss. Invest for yourself and keep the full amount. Work for yourself, not your boss. Please call or text, as I don't check Kijiji frequently. MLS® #A2244497

Source:  kijiji View Original Post

Location
2316 16 St SW, Calgary, AB T2T 4E7, Canada
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