48 Northmount Drive Nw, Calgary, AB, T2K3E9

Builder / Investor Alert — Rare redevelopment opportunity in Thorncliffe with Development Permit in place. This property comes with an approved Development Permit for a proposed 4-plex with 4 legal basement suites, creating a total of 8 rental units upon completion, subject to the buyer’s review of all City approvals, permit conditions, drawings, and requirements. This is an excellent opportunity for builders, developers, and investors looking for a project with major planning steps already advanced. Please review the attached DP drawings and related documents. The existing property is currently rented and generating approximately $2,894 per month plus utilities, providing holding income while the buyer prepares for future development. Viewings can be arranged with 24 hours’ notice for serious buyers only, as the property is tenant occupied. Located in the highly desirable and established community of Thorncliffe, this bungalow sits on a beautiful tree-lined street directly facing a playground. The location offers excellent access to schools, parks, public transit, shopping, recreation facilities, and major routes. Bus Route No. 20 provides convenient access to the University of Calgary in approximately 25 minutes. The existing home features 4 bedrooms total, original hardwood flooring, and several updates over the years. The main level includes 2 bedrooms, a 4-piece bathroom, a bright and spacious living 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-sized family room, full kitchen, bathroom, large laundry area, and additional storage/workshop space.

More About 48 Northmount Drive Nw, Calgary, AB

48 Northmount Drive Nw Calgary is located in the neighbourhood of Thorncliffe. The community of Thorncliffe has 25 available properties. Thorncliffe makes up 0.36% of the 6,916 total properties listed in Calgary. Homes in Thorncliffe are listed for an average price of $523,328. That is 22.67% lower than the average asking price of $676,704 found across all Calgary properties for sale. If you would like to see other homes like 48 Northmount Drive Nw Calgary please reach out to us 403-879-4145. Properties like 48 Northmount Drive Nw can come and go quickly and it's a big reason why having a personalized strategy and search set up for you is key. Let us know how we can help so we don't miss out on 48 Northmount Drive Nw Calgary or another home like it in the future. Get directions to 48 Northmount Drive Nw Calgary.

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