**Rare Redevelopment Opportunity in Charleswood**
Located at Charleswood, this corner-lot property presents an exceptional investment and redevelopment opportunity in the desirable community of Charleswood. A bus stop is conveniently located directly in front of the property.
The approved Development Permit is for a **four-unit row home development with four legal basement suites**, offering excellent rental-income potential and possible eligibility for the **CMHC MLI Select Program**. The seller will pay the applicable City Development Permit levy as outlined the DP documents. It is possible to just buy the property with DP or get a contract with the seller to build the 4-plex.
The approved Development Permit and building plans are included with the listing documents.
Please note that the existing house is being sold primarily for land and redevelopment value. It is not currently in suitable condition for occupancy or rental, and the appliances may not be operational.
A rare opportunity to acquire a DP-approved four-unit row home site in Charleswood with significant redevelopment and rental potential.
Address
4 Cheyenne Crescent NW
List Price
$920,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Calgary NW
Sub-Area
Charleswood
Bedrooms
3
Bathrooms
2
Floor Area
1,071 Sq. Ft.
Lot Size
5887 Sq. Ft.
Year Built
1960
MLS® Number
A2330403
Listing Brokerage
SkaiRise Realty
Basement Area
Full
Postal Code
T2L 0Z2
Zoning
R-CG
Site Influences
Corner Lot, Schools Nearby, Shopping Nearby, Park, Playground, Sidewalks