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2313 16 St SW 4 Unit Apartment Building $1,249,000 CAD ($312,250 CAD/Unit) 5.36% Cap Rate Calgary, AB T2T 4E6
INVESTMENT HIGHLIGHTS
- Prime inner-city location with strong tenant demand.
- Close to downtown Calgary, transit, and major commuter routes.
- Surrounded by shops, dining, and recreation.
- Potential for long-term appreciation in a high-demand area.
EXECUTIVE SUMMARY
Offered for sale in Calgary’s vibrant inner-city community of Bankview, 2311 & 2313 16 Street SW presents a rare investment opportunity with immediate cash flow and long-term upside. This fully leased fourplex features four self-contained units generating a combined rental income of $7,450/month. Situated on a 50x99 ft lot (0.11 acres) and zoned M-CGd72, the property offers contextual ground-oriented multi-residential use. Tenants enjoy proximity to downtown, major commuter routes, and lifestyle destinations like 17th Avenue SW, Marda Loop, and Kensington. With elevated city views, walkable streets, and nearby amenities including Buckmaster Park, the Calgary Tennis Club, and local cafés, Bankview continues to attract strong tenant demand. Recently further reduced to $1,249,000, this turnkey asset is ideal for investors seeking stability, location, and future appreciation.
PROPERTY FACTS
| Price | $1,249,000 CAD | Building Class | C |
| Price Per Unit | $312,250 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,838 SF |
| Cap Rate | 5.36% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | ||
| Zoning | M-CGd72 - Multi-Residential - Contextual Grade-Oriented District | ||
| Price | $1,249,000 CAD |
| Price Per Unit | $312,250 CAD |
| Sale Type | Investment |
| Cap Rate | 5.36% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,838 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1956 |
| Zoning | M-CGd72 - Multi-Residential - Contextual Grade-Oriented District |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | - | 1,662 |
| 1+1 | 2 | - | 1,117 |
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (86)
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2313 16 St SW
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