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49
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$3,750,000
Est. payment /mo
7,600 SqFt
Price Dropped by $150K
2518 16 Street SW Calgary, AB T2T4E9
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 7,600 sqft
Price per Sqft $493
Subdivision Bankview
MLS® Listing ID A2214661
Year Built 2025
Property Sub-Type Freehold
Source Calgary Real Estate Board
Property Description
Investor Alert – This Bankview multifamily development offers a rare opportunity to acquire a high-yield, fullytenanted 8-unit asset with legal suites and luxury finishes. Backed by solid rent fundamentals, primelocation, and long-term financing at a low 3.5% rate, this investment offers exceptional ROI withprojected 47.2% annual returns. Ideal for investors seeking low-maintenance income and significantcapital appreciation.Contact us for pro forma, rent roll, and detailed financial package. Brand New 6-Plex. potential to 8 Plexes currently they are 4 main dwelling size 1900 average each total 7600 sqf above grade. 4 legal basement average 600 sqf total 2400 sqf which mean 10,000 of living space the basement legal suit are in the process of being legal suits by the city of calgary. Prime Calgary SW (Bankview)Rental Income Potential:Main units: $3,500 – $4,500/monthBasement suites: $1,500/monthTotal projected rent: $20,000 – $24,000/monthSimilar nearby units rent at $30/sq. ft., underscoring the income potential.Key Investment Highlights:Eligible for CMHC Select Financing – reduce financing costs and increase ROILocated in a high-demand rental area with proven stabilityTurnkey setup—ready for immediate income generationIdeal for short- and long-term appreciation in a growth-oriented market Whether you're an experienced investor or expanding your portfolio, this asset delivers strong performance, desirable location, and future upside.Hurry—this opportunity won't last long! Contact us today to schedule a viewing (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Flooring Hardwood
Exterior
Parking Features Yes
Garage Spaces 2.0
Garage Description 2
View Y/N No
Total Parking Spaces 16
Private Pool No
Building
Story 2
Others
Ownership Freehold
Listed by First Place Realty