CalgaryListings Insight This home at 2316 16 Street SW, built in 1955. It is located in the community of Bankview and offers 2,342 sq ft of living space above grade. Notable features include laminate flooring. Before writing, ask how this property compares with nearby active and recently sold options. If rental income is part of the plan, verify suite legality, permits, insurance, lender treatment, and current lease details before removing conditions. This sale can help you understand current pricing in the area. Ask us how it compares with nearby active and recently sold homes. MLS® A2244497.
Thinking of selling nearby?
This property sold in Bankview. Find out what your home could be worth in today’s market — no obligation.
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. 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. Opportunities like this are rare—act now!
No previous MLS® listings on record for this property — this appears to be its first time offered. Want to know how often homes nearby change hands? Ask our team.
Mount Royal SchoolPublic (CBE) · Junior High · 533 m · about 3 mins by carSchool website
Connaught SchoolPublic (CBE) · Elementary · 1.3 km · about 5 mins by carSchool website
Western Canada High SchoolPublic (CBE) · Senior High · 1.7 km · about 8 mins by carSchool website
Clear Water AcademyPrivate / Independent · Elementary/Junior High/Senior High · 2.2 km · about 9 mins by carSchool website
Rundle CollegePrivate / Independent · about 13 mins by carSchool website
Mount Royal UniversityPost-Secondary · about 7 mins by carSchool website
Distances and drive times are measured from the centre of Bankview, not from this address. Designation depends on address, grade, program and capacity and changes from year to year — check the CBE or Calgary Catholic finder before you buy.
Commute from Bankview
Destination
By car
By transit
Downtown Calgary
12 mins
21 mins
University of Calgary
9 mins
29 mins
Foothills Medical Centre
8 mins
30 mins
Mount Royal University
7 mins
27 mins
Calgary International Airport
24 mins
1 hour 5 mins
Westside Recreation Centre
13 mins
34 mins
Off-peak estimates measured from the centre of Bankview, not from this address. Live traffic varies.
Who lives in Bankview
5,125Population
1.6Average household size
28%Owner-occupied households
$58KMedian household income
9%Residents aged 0–14
2021 Census of Canada, via the City of Calgary community profile — long-term neighbourhood context, not current market activity. Full Bankview census profile →
Live MLS® Data · Calgary Listings Group · Serving Calgary Since 1997
Everything we give our clients, before you're one.
One free account opens the whole toolkit — the guides we
write for Calgary buyers and sellers, the checklists we actually use on deals, the
video library, and a concierge that answers your questions any time of day.