48 Northmount Drive NW,Calgary, AB T2K3E9
Calgary, AB T2K3E9
Description
Builder / Investor Alert Rare redevelopment opportunity in Thorncliffe withDevelopment Permit in place. This property comes with an approved Development Permit for aproposed 4-plex with 4 legal basement suites, creating a total of 8 rental units uponcompletion, subject to the buyer’s review of all City approvals, permit conditions, drawings, andrequirements. This is an excellent opportunity for builders, developers, and investors looking fora project with major planning steps already advanced. Please review the attached DP drawingsand related documents.The existing property is currently rented and generating approximately $2,894 per month plusutilities, providing holding income while the buyer prepares for future development. Viewingscan be arranged with 24 hours’ notice for serious buyers only, as the property is tenantoccupied.Located in the highly desirable and established community of Thorncliffe, this bungalow sits ona beautiful tree-lined street directly facing a playground. The location offers excellent access toschools, parks, public transit, shopping, recreation facilities, and major routes. Bus Route No. 20provides convenient access to the University of Calgary in approximately 25 minutes.The existing home features 4 bedrooms total, original hardwood flooring, and several updatesover the years. The main level includes 2 bedrooms, a 4-piece bathroom, a bright and spaciousliving room, dining area, and a functional kitchen with good space for cooking and entertaining.The lower level includes an illegal basement suite with 2 additional bedrooms, a good-sizedfamily room, full kitchen, bathroom, large laundry area, and additional storage/workshop space. (id:13843)
Details
| MLS # | A2320958 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1956 |
| Days On Site | 65 |
| Listing Provided By | Royal LePage METRO | Darshan Sidhu |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,074 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | R-CG |
| Acreage | 0.14 |
Interior
| Cooling | None |
|---|---|
| Heating | Forced air |
| Appliances | Washer, Refrigerator, Stove, Dryer |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Back lane |
|---|---|
| Construction Materials | Wood frame |
| Foundation Details | Poured Concrete |
| Fencing | Fence |
Parking
| Parking Features | Parking Pad, Other |
|---|---|
| Parking Total | 3 |
Taxes
| Tax Annual Amount | 3737 |
|---|---|
| Tax Block | 3 |
| Tax Lot | 16 |
| Tax Year | 2026 |
Area Information
| Province | AB |
|---|---|
| City | Calgary |
| Postal Code | T2K3E9 |
| Community Name | Thorncliffe |
| Listing VS Median (in Thorncliffe) | |
Price: $899,000 low | high Med: $550,000 sqft: 1,074 low | high Med: 998 $ / sqft: $837 low | high Med: $553 On site: 65 low | high Med: 31 | |
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Learn More About This Property
| Province | AB |
|---|---|
| City | Calgary |
| Postal Code | T2K3E9 |
| Community Name | Thorncliffe |
| Listing VS Median (in Thorncliffe) | |
Price: $899,000 low | high Med: $550,000 sqft: 1,074 low | high Med: 998 $ / sqft: $837 low | high Med: $553 On site: 65 low | high Med: 31 | |
