pillar/IMG-A2214661_31.jpg
82 days on Market

2518 16 St, Calgary, Alberta T2T 4E9

Other
-
-
~7600.00 sqft
$•••,•••
$3,750,000
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Other
-
-
~7600.00 sqft

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Highlights

Property Estimate

Days on market82 days

Estimated valueNot available

Price/Sqft$493/sqft

Monthly cost

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Description

Investor Alert – This Bankview multifamily development offers a rare opportunity to acquire a high-yield, fully tenanted 8-unit asset with legal suites and luxury finishes. Backed by solid rent fundamentals, prime location, and long-term financing at a low 3.5% rate, this investment offers exceptional ROI with projected 47.2% annual returns. Ideal for investors seeking low-maintenance income and significant capital 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/month Basement suites: $1,500/month Total projected rent: $20,000 – $24,000/month Similar nearby units rent at $30/sq. ft., underscoring the income potential. Key Investment Highlights: Eligible for CMHC Select Financing – reduce financing costs and increase ROI Located in a high-demand rental area with proven stability Turnkey setup—ready for immediate income generation Ideal 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


Property Details

StyleAttached-Side by Side
View-
Age of property2025
SqFt~7600.00 SqFt
Lot Size-
Parking Spaces16
MLS ®NumberA2214661
Community NameBankview
Data SourcePILLAR 9
Listing byFirst Place Realty

Features

Basement: Finished,Full,Suite

Features

Patio: Balcony(s),Deck

Parking

Garage spaces 8

Garage type -

Other parking spaces 8

Total parking spaces 16


Property listed by First Place Realty, Brokerage
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Market Data - Bankview

Geo Zone Map ThumbnailBankview

Seller's Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

48 days

Compared to

2024

22 days

2023

19 days

2022

0 day

New Listings

Past 30 days

20 listings

Compared to

2024

34 listings

2023

32 listings

2022

8 listings

Units sold

Past 30 days

15 units

Compared to

2024

22 units

2023

20 units

2022

0 unit

Median Sold Price

Past 30 days

$288,300

Compared to

2024

$288,000

2023

$190,300


Population and Demographics

Overview

Total population 4333
Average household income $138,718

Age (%)

0 to 19
12%
20 to 34
40%
35 to 49
25%
50 to 64
14%
65 and plus
8%

Household composition (%)

Single person
55%
Single family
35%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
85%
Others
4%
Spanish
3%
Tigrigna
2%
French
2%
Amharic
1%

House tenancy (%)

Renters
68%
Owners
32%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget