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.