$849,000
 $4,558 est/mo Sourced by Back At You

487 Northmount Drive NW,Calgary, AB T2K3J1

Calgary, AB T2K3J1

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Description

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:13843)

Details

MLS #A2353987
Listing TypeFor Sale
StyleHouse
StatusActive
Year1955
Days On Site13
Listing Provided ByeXp Realty | Arinze Ezeo

Features

Bed(s)4
Bath(s) 2 Total
SQ Feet919
BasementY
Story(s)1
ZoningR-CG
Acreage0.14

Interior

CoolingNone
HeatingCentral heating
AppliancesRefrigerator, Range - Electric, Washer & Dryer
Fireplace Yes / NoNo

Exterior

Construction MaterialsWood frame
Foundation DetailsPoured Concrete
FencingFence

Parking

Parking FeaturesParking Pad, Other
Parking Total3

Taxes

Tax Annual Amount3684.04
Tax Block18
Tax Lot13
Tax Year2026

Area Information

ProvinceAB
CityCalgary
Postal CodeT2K3J1
Community NameHighwood
Listing VS Median (in Highwood)
Price:
$849,000
low | high
Med:
$899,900
44.004711425206% of Average
sqft:
919
low | high
Med:
1,047
36.071817192601% of Average
$ / sqft:
$924
low | high
Med:
$860
56.963065711332% of Average
On site:
13
low | high
Med:
61
21.311475409836% of Average
Sourced by Back At You

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Learn More About This Property

ProvinceAB
CityCalgary
Postal CodeT2K3J1
Community NameHighwood
Listing VS Median (in Highwood)
Price:
$849,000
low | high
Med:
$899,900
44.004711425206% of Average
sqft:
919
low | high
Med:
1,047
36.071817192601% of Average
$ / sqft:
$924
low | high
Med:
$860
56.963065711332% of Average
On site:
13
low | high
Med:
61
21.311475409836% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $636K - $1.061M
sqft: 689 - 1,000
Nearby Listings Property ImageNearby Listings Details
488 Northmount Drive NW Property Photo 1
$799,900
488 Northmount Drive Nw
Calgary, AB T2K3H9
Listing Updated: November 4, 2026 at 8:57:17 PM PST