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2514 16A Street SW
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Calgary · Single Family · under $575,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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This well priced character home is ideally located on a quiet, tree-lined street in the highly sought-after inner-city community of Bankview. Known for its elevated position, character streets, and unbeatable access to downtown, Bankview offers a perfect blend of urban convenience and neighbourhood charm.This property presents an excellent opportunity for first time homeowners, downsizers, investors, or developers seeking location, lifestyle, and long-term value. The home offers a functional layout with generous living spaces, ample natural light, tons of storage and outstanding potential to renovate, hold, or redevelop. The current and future home owners will spend many summer days and nights enjoying the spectacular elevated and private back yard and deck. Located on a very quiet street with THE best neighbours, you will love this home. The very active community centre is just steps away with access to the tennis courts, basketball, soccer fields, a community garden and dog parks. Calgary’s downtown core is just minutes away by car, transit, bike, or even on foot. Residents enjoy quick access to 17th Avenue’s shops, restaurants, and nightlife, as well as nearby parks, pathways, schools, and public transit routes. The community’s central location continues to drive strong demand and long-term appreciation.Whether you’re looking to move in, generate rental income, or plan a future infill project, this property offers flexibility in one of Calgary’s most established and desirable neighbourhoods. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 9.75 Ft x 10.00 Ft | |
| Dining room | 9.92 Ft x 14.67 Ft | |
| Living room | 9.75 Ft x 9.92 Ft | |
| Laundry room | 6.42 Ft x 12.33 Ft | |
| Primary Bedroom | 7.92 Ft x 12.33 Ft | |
| Bedroom | 7.75 Ft x 9.67 Ft | |
| 4pc Bathroom | 4.50 Ft x 8.75 Ft |
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
-6.97%
Cap rate
3.47%
GRM
16.7
Break-even rent
$3,298
Financing
Operating expenses (monthly)
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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 3, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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