2302 16a Street Calgary, Alberta t2k 4k4
$849,000
INVESTOR ALERT! M-CG inner city lot in Bankview!! This is an excellent opportunity to capitalize on an updated and fully rented 4-plex or collect rent as you wait for the permits for your development. The building boasts 5 fully occupied units and is in a highly desirable location on Buckmaster Park just minutes from downtown 17 Ave. The monthly income is $5,000 and the cap rate is over 6.5%. The building configuration consists of 5 units (4 legal): a top floor 2-bedroom unit, a 1 bedroom and bachelor unit on the main floor, a walk-out 1 bedroom unit, a bonus walk-out unit in the basement, a common area, and a laundry room. The building and grounds are designed to be low maintenance and 3 units are individually metered. Unit 1, and 1A share a meter. The large balconies overlook the park and downtown, there is a newer roof of 6 years, and your tenants have a fully terraced backyard. Add this to your investment portfolio today! (id:34322)
Property Details
| MLS® Number | A1193227 |
| Property Type | Multi-family |
| Community Name | Bankview |
| Plan | 167u |
Building
| Appliances | Washer, Refrigerator, Water Purifier, Dishwasher, Stove, Dryer, Water Heater - Gas |
| Basement Type | Unknown |
| Constructed Date | 1950 |
| Construction Material | Wood Frame |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1615.25 Sqft |
| Total Finished Area | 1615.25 Sqft |
| Type | Multi-family |
| Utility Power | Single Phase |
Parking
| None |
Land
| Acreage | No |
| Size Depth | 20.07 M |
| Size Irregular | 3250.00 |
| Size Total | 3250 Sqft|0-4,050 Sqft |
| Size Total Text | 3250 Sqft|0-4,050 Sqft |
| Zoning Description | M-cg |
https://www.realtor.ca/real-estate/24138789/2302-16a-street-calgary-bankview
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May 20 2022 10:51:40
Calgary Real Estate Board
Cameron Realty Group Inc.