48 Northmount Drive NW

About this home

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:67720)

Home details

Property type

Single Family

Living area

1,074 sq. ft.

Building type

House

Style

Bungalow

Year built

1956

Storeys

1

Bedrooms above grade

2

Bedrooms below grade

2

Basement

Finished, Full, Separate entrance, Walk-up, Suite

Heating

Forced air

Cooling

None

Flooring

Tile, Laminate

Appliances included

Washer, Refrigerator, Stove, Dryer

Parking spaces

3

Parking

Parking Pad, Other

Exterior

Wood frame

Lot features

Back lane

Lot dimensions

557.00

Zoning

R-CG

Title

Freehold

Lot size

557 square meters

Property taxes

$3,737 (2026)

MLS® number

A2320958

MLS® A2320958 · Listed by Royal LePage METRO · Information updated Oct 28, 8:32 p.m.

Location

Living in Thorncliffe

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