Renovated fourplex in Bankview

Description
$1159000

Discover a prime investment with this luxury fourplex—fully upgraded, centrally located, and perfectly situated in Bankview—offering unbeatable rental appeal just steps from downtown, transit, parks, and vibrant 17th Avenue. Overlooking the scenic Bankview Community Garden, it provides a serene setting for tenants. Renovated in 2016, it 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 four spacious 1-bedroom units (2,343 square feet total) has in-suite laundry, storage, and 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 has retired and is moving on to larger projects—offering you a rare chance to take over a proven, near-effortless, 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 OKz.ca frequently.

MLS® #A2206809
When you call please mention you found this ad listing on OKz.ca

Contact Information

Contact Person:Charlie
Address:2316 16 Street Southwest, Calgary, AB
City:Calgary
Phone:403-926-XXXX (Show)
Asking Price:$1159000

Other Information

Bathrooms:4
Bedrooms:4
For Sale By:Owner

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Charlie

On OKz since February, 2018

403-926-XXXX


Posted on: 20/06/2025 @ 07:13 am

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