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Description
Investment opportunity. Up/down 4 plex, just one block from 26 Ave in Bankview in 16 street. This area is big enough to a brand new condo building units, with maximum floor area ratio of 2.5. Each unit is 820 sq.ft. Mix of 3 -2 beds and 1 – 1 bed. Had recently upgraded to newer kitchen cabinet and flooring, newer bath room vanity. Monthly rent is $7,080.00, gross $84,960, net operating income is $72,196.56 making cap rate 5%. Great cash flow and holding property for redevelopment.
Details
Updated on August 18, 2025 at 2:00 pm-
Price $1,449,000
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Property Size 3902.55 sqft
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Property Type 4 plex, Multi-Family
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Property Status Active
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MLS Number A2249523
Address
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Address: 2619 16 Street SW
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City: Calgary
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State/county: Alberta
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Zip/Postal Code: T2T 4G3
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Area: Bankview
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Contact Information
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