We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
1116 16 Street NW
Buyer alert automation
Get matching homes sent on your schedule. This uses this home's city, style, bedroom count, and price band as the starting filter.
Choose alert settings, then sign in
Calgary · Vacant Land · under $1,025,000. Alerts only send when there are new or meaningfully updated matching homes.
Alert speed
Send by
Watch for
Swipe through similar matches — tap the heart to save, or open one for the full read.
An extraordinary opportunity to secure a premium inner-city building lot in one of Calgary's most prestigious communities—Hounsfield Heights/Briar Hill. Situated on a quiet, tree-lined street surrounded by exceptional custom homes, this fully cleared property is ready for its next chapter.What truly sets this offering apart is the professionally designed luxury residence envisioned for the site. A comprehensive architectural design package is available and may be included with the sale (subject to applicable transfer rights), allowing the next owner to save substantial time, planning, and design costs while fast-tracking their dream home.The proposed contemporary residence has been thoughtfully designed to offer approximately 5,900+ square feet of luxurious living space, featuring a private elevator, spectacular rooftop patio, triple attached garage, detached garage with a secondary suite, home gym, expansive open-concept living areas, multiple outdoor spaces, and sophisticated modern architecture that perfectly complements this prestigious neighbourhood.Located in the highly sought-after community of Hounsfield Heights/Briar Hill, this exceptional property places you just minutes from downtown Calgary, Kensington, the University of Calgary, SAIT, Foothills Medical Centre, Alberta Children's Hospital, McMahon Stadium, North Hill Centre, Confederation Park, and the Bow River pathway system. Enjoy quick access to major roadways while living in one of Calgary's most established and desirable luxury neighbourhoods.Whether you're a custom home builder, developer, investor, or discerning buyer looking to create an iconic residence, this is a rare opportunity to acquire not only a premium building lot, but also an outstanding architectural vision in one of Calgary's most coveted inner-city locations. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.85%
Cap rate
4.70%
GRM
13.9
Break-even rent
$5,713
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jul 4, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
1.3 km away
straight-line
Dahlak al food store
1208 14 Ave SW Suite 101, Calgary, AB T3C 0V9, Canada
3.9★ · 47 reviews
2.4 km away
straight-line
2.6 km away
straight-line
1.0 km away
straight-line
1.1 km away
straight-line
1.2 km away
straight-line
1.9 km away
straight-line
3.2 km away
straight-line
3.5 km away
straight-line
Queen Elizabeth School | Calgary Board of Education
402 18 St NW, Calgary, AB T2N 0G3, Canada
790 m away
straight-line
Briar Hill School | Calgary Board of Education
1233 21 St NW, Calgary, AB T2N 2L8, Canada
970 m away
straight-line
Rosedale School | Calgary Board of Education
905 13 Ave NW, Calgary, AB T2M 0G3, Canada
1.1 km away
straight-line
450 m away
straight-line
Jubilee station
Calgary, AB T2N 1M4, Canada
3.8★ · 4 reviews
460 m away
straight-line
Lions Park
Calgary, AB T2N 1L3, Canada
3.8★ · 37 reviews
570 m away
straight-line