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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.
Royal LePage METRO · Listing agent Darshan Sidhu
MLS®# A2320958 · Last modified 2026-07-09
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All measurements and property details are deemed reliable but are not guaranteed and should be independently verified.
James Hughes, REALTOR® · CIR Realty
| Bedroom - Primary | Main | 12'0" x 10'5" |
| Kitchen | Main | 12'10" x 10'0" |
| 3pc Bathroom | Basement | |
| Bedroom | Main | 10'3" x 10'2" |
| 4pc Bathroom | Main | |
| Living Room | Main | 20'3" x 13'10" |
| Dining Room | Main | 9'11" x 8'4" |
| Bedroom | Basement | 9'7" x 8'8" |
| Bedroom | Basement | 11'8" x 10'2" |
| Kitchen | Basement | 9'10" x 9'5" |
| Furnace/Utility Room | Basement | 15'8" x 9'10" |
Measurements deemed reliable but not guaranteed.
Pin placed at the coordinates supplied by the MLS® System.
Estimated monthly payment
$4,417
Down payment: $179,800 · Loan: $719,200
Estimate only. Lender rates and qualification rules change constantly. Excludes property tax, condo fees, and insurance. Always confirm with a mortgage broker before making decisions.
