Calgary, AB T2T 4E3,1805 16 ST SW #No.
Calgary, AB T2T 4E3,1805 16 ST SW #No.
Calgary, AB T2T 4E3,1805 16 ST SW #No.
Calgary, AB T2T 4E3,1805 16 ST SW #No.
Calgary, AB T2T 4E3,1805 16 ST SW #No.
Calgary, AB T2T 4E3,1805 16 ST SW #No.
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$ 4,300,000
Est. payment | /mo

16,510 SqFt


Save
$ 4,300,000
Est. payment | /mo
Save

16,510 SqFt

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 16,510 sqft

Price per Sqft $260

Subdivision Bankview

MLS® Listing ID A2172876

Originating Board Calgary

Year Built 1952

Annual Tax Amount $23,285

Tax Year 2024

Property Description

Fantastic Investment Opportunity!This solidly built 20-unit complex, ideally located on the corner of 17th Ave SW and 16 St SW, offers a fantastic mix of newly developed suites. The Concrete building features 1 one-bedroom units(774.88sqf), 12 two-bedroom units(801.56sqf/774.88sqf), 5 three-bedroom units(959.32), and 2 bachelor suites—catering to various tenant needs. Common areas include shared coin-operated laundry, ensuring convenience for all residents.

Major Repairs & Updates:
New Boiler 2024 Aug $53,000,Newer Roof - 2017 ~$67,000,Newer Windows & Doors (90+) - 2012 ~$75,000,new painting, and 18 unit new flooring.The property also offers rear lane access to 4 garage spaces and 4 covered carports, providing valuable parking options.

This 120' x 112' lot is zoned MR0201, offering potential for future development in this highly desirable location. Residents enjoy prime accessibility with walking distance to the C-Train station and a bus stop conveniently located right outside the building. With quick access to SAIT, the University of Calgary, Mount Royal University, downtown, and Western Canada High School, the property is perfectly positioned for students and professionals alike.

Take advantage of this rare offering in a sought-after area, ideal for investors looking to capitalize on Calgary's growing real estate market. Contact us today to book a viewing!

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning M-CG d72

Interior

Inclusions Fridge x 20, Stove x 20, Coin Washer x 2, Coin Dryer x 2

Exterior

Total Parking Spaces 8

Building

Story 3

Level or Stories Multi Level Unit

Others

Restrictions None Known

Tax ID 94918198

Ownership Private

Listed by Homecare Realty Ltd.

GET MORE INFORMATION

Justin Newman

Agent | License ID: 00540392

+1(403) 668-1272

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REVIEWS

Justin Newman was wonderful to work with. He helped us through an emotional time as we had to sell our family home that my parents had lived in for over 50 years. His vast experience and knowledge was valuable throughout this process. He walked us through everything and answered all questions in a manner that was easy to understand. He always made himself available and we appreciated his insight. He told us what was needed to sell the home and, when we were ready, listed the home in a wide variety of online venues. The photos and drone views of the home and area were incredible and added to helping to sell our family home quickly. He held open houses in a very short period of time after listing it, and also helped us navigate the multiple offers we received. Our family home sold quickly. We have nothing but positive things to say about the honesty, trustworthiness, and integrity of Justin and would highly recommend him if you are looking to sell or buy a home. We would not hesitate to use his services again.

Dean Hunter