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Property Description

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:53430)

Building

Property Type:
House
Building Type:
House
Style:
Bungalow
Year Built:
1956
Stories:
1.0
Bedrooms:
4
Bathrooms (total):
2.0
Basement:
Finished, Full, Separate entrance, Walk-up, Suite

Finished Areas

Interior Size (Total):
1074 square feet
Above Grade:
1074 square feet

Interior

Flooring:
Tile, Laminate
Appliances:
Washer, Refrigerator, Stove, Dryer

Parking

Spaces:
3
Features:
Parking Pad, Other

Lot / Land

Lot Size:
557.0 square meters
Frontage:
18.29 meters
Lot Features:
Back lane

Exterior

Exterior Features:
Aluminum siding
Construction:
Wood frame
Foundation:
Poured Concrete
Fencing:
Fence

Utilities & Mechanical

Heating:
Forced air
Cooling:
None

Fees & Dates

Property Taxes:
$3,737
Tax Year:
2026
Last Modified:
07/09/2026 07:35:14 PM
Status Change:
07/09/2026 07:28:34 PM

Association / Ownership

Common Interest:
Freehold

Room Dimensions

RoomLevelSize
Primary Bedroom Main level 10.42 Ft x 12.00 Ft
Kitchen Main level 10.00 Ft x 12.83 Ft
3pc Bathroom Basement -
Bedroom Main level 10.17 Ft x 10.25 Ft
4pc Bathroom Main level -
Living room Main level 13.83 Ft x 20.25 Ft
Dining room Main level 8.33 Ft x 9.92 Ft
Bedroom Basement 8.67 Ft x 9.58 Ft
Bedroom Basement 10.17 Ft x 11.67 Ft
Kitchen Basement 9.42 Ft x 9.83 Ft
Furnace Basement 9.83 Ft x 15.67 Ft

Location

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Listing offered by: Royal LePage METRO

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