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Data was last updated 2026-10-23 at 09:54:14 AM (MDT)

487 Northmount Drive NW - MLS® # A2353987

Property Details


List Price
$895,000
Living Area
919 sqft.
Bedrooms
4
Bathrooms
2
Lot Size Area
5995 sq.ft.
Taxes
N/A
Type
Detached
Style
Bungalow
Basement
Full
Year Built
1955

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!

Features

Private Entrance

Listing Provided By

eXp Realty

The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Calgary Real Estate Board (CREB®). This information is deemed reliable but is not guaranteed accurate by the CREB®.

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  • Jim Hyslop
  • 403.650.4494
  • 403.259.4141
  • mail@jimhyslop.com
  • RE/MAX REALTY PROFESSIONALS
  • #10, 6020 - 1A STREET SW
  • CALGARY, AB
  • T2H 0G3