487 Northmount Drive NW

About this home

RC-G ZONED LOT!INVESTOR ALERT:RARE FIND! Skip the red tape. The hard part is already done!This is one of 3 adjacent Development Permit (DP) approved re-development lots in the area. We have two more units available in the area, please let me know if interested in other units.RARE FIND – Development Permit (DP) approved. You can currently build a 4-plex on this. The DP is also approved for a legal basement suite for each unit (total of 8 units). A copy of the proposed 4-plex is added to this listing.APPROVED DP: FRONT TWO UNITS: Main House – 3 Bed, 2 Bath. Legal Basement Suite: 2 Bed, 1 Bath BACK TWO UNITS: Main House – 2 Primary Bed, 2 Bath. Legal Basement Suite: 2 Bed, 1 Bath There is currently a move-in ready home on this lot. The current home comes with a “non-legal” basement suite with a separate entrance – ready for rent and immediate income if needed while you plan for redevelopment. This location is only about 10 mins from downtown Calgary. Total current living space of over 1750 sq ft. Total of 4 Bedrooms. The current upper unit is super bright and has total of 2 bedrooms; well-lit and functional floor plan. The basement suite also has 2 additional bedrooms and a separate entrance.The home is very accessible – about 10 mins drive away from downtown. Bus stops, schools, library, multiple grocery stores, green spaces, parks, clinic and more are all few mins away. This is your opportunity to own a prime lot and build a 4-plex with strong cash flow in a top location. Booking your showing today! (id:67720)

Home details

Property type

Single Family

Living area

919 sq. ft.

Building type

House

Style

Bungalow

Year built

1955

Storeys

1

Bedrooms above grade

2

Bedrooms below grade

2

Basement

Finished, Full, Separate entrance, Suite

Heating

Central heating

Cooling

None

Flooring

Hardwood, Laminate

Appliances included

Refrigerator, Range - Electric, Washer & Dryer

Parking spaces

3

Parking

Parking Pad, Other

Exterior

Wood frame

Lot dimensions

557.00

Zoning

R-CG

Title

Freehold

Lot size

557 square meters

Property taxes

$3,684 (2026)

MLS® number

A2353987

MLS® A2353987 · Listed by eXp Realty · Information updated Oct 31, 2:03 a.m.

Location

Living in Highwood

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