For Sale: 48 Northmount Drive NW, Calgary, AB - REW
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$899,000
4 bd • 2 ba • 1074 sf • House
48 Northmount Drive NW
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$899,000
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48 Northmount Drive NWCalgary, AB, T2K 3E9

Thorncliffe
  • 4 Bed
  • 2 Bath
  • 1074 Sqft
  • House

About this home

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.
Listed by: Darshan Sidhu, Royal LePage METRO

Home facts and features

Price details
List Price
$899,000
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Home facts
Bedrooms
4
Full Bathrooms
2
Property Type
House
Lot Size
6099 ft²
Frontage
60.00 ft
Year Built
Built in 1956 (70 yrs old)
Style
Bungalow
Heating Type
Forced Air
Basement Details
Full
Features
Back Lane, Back Yard, Cleared, Front Yard, Gentle Sloping, In Basement, Park, Private Entrance, Schools Nearby, Separate Entrance, Sidewalks, Street Lights, Walking/bike Paths
Amenities
Playground, Shopping Nearby
Appliances
Dryer, Refrigerator, Stove, Washer
Community
Agent details
Primary Agent
Primary Broker
Royal LePage METRO
Secondary Agent
Secondary Broker
Royal LePage METRO
Listing details
Days on REW
34 Days
MLS® Number
A2320958
Source
Pillar 9
Board
Calgary Real Estate Board
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25 Years
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3.99%

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Property Insights

Thorncliffe School
  • n/a
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  • In Catchment
Corpus Christi School
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  • In Catchment
Colonel Sanders School
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  • In Catchment
North Middle School Campus
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St. Helena School
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  • In Catchment
Sir John a MacDonald School
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  • In Catchment
Catherine Nichols Gunn School
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  • In Catchment
John G Diefenbaker High School
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Huntington Hills School
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Northwest Elementary Campus
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Call Agent
Darshan Sidhu
Phone:
(403) 560-1240
Office:
403-400-0000
Gursh Sidhu
Phone:
(403) 837-3500
Office:
403-400-0000
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