Active

THORNCLIFFE

48 Northmount Drive Nw, Calgary, AB

$999,000

Residential · MLS® A2320958
4Bedrooms
2Bathrooms
1,074Sq Ft
3Garage
1956Year Built
02 / Overview

PROPERTY OVERVIEW

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...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,074 sq ft
Lot Size5,995 sq ft
ZoningR-CG
HeatingForced Air
CoolingNone
ParkingOff Street • Parking Pad
ExteriorPlayground • Private Entrance
BasementFull
Year Built1956
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$1,304After mortgage & expenses
Cap Rate2.9%Based on market rents
Cash on Cash Return-7.8%With 20% down payment
Est. Monthly Rent$3,200Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

THORNCLIFFE

Moderate Investment
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Investment Score62/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Darshan Sidhu · Royal LePage METRO