All photos · 16
5230 Whitestone Road NE
INVESTOR & DEVELOPER OPPORTUNITY IN WHITEHORN! Situated on a desirable CORNER LOT, this bungalow offers an excellent combination of immediate rental potential and future redevelopment opportunity. The property is zoned R-CG and remains R-CG following the reversal of Calgary’s blanket rezoning. DEVELOPMENT PLANS HAVE ALREADY BEEN PREPARED FOR A PROPOSED 7-UNIT DEVELOPMENT, providing a significant head start for a future redevelopment project, subject to required City approvals and permits. The existing bungalow features 3 bedrooms and 1 full bathroom on the main floor, with BRAND NEW FLOORING throughout the home. The basement features an ILLEGAL SUITE with a separate entrance and separate laundry, providing additional flexibility for investors or extended family. Located in the established community of Whitehorn, this property is an excellent HOLDING PROPERTY with multiple possibilities—rent it out today, hold for the future, or explore redevelopment. With its CORNER LOT, R-CG ZONING, prepared 7-unit development plans, and existing basement suite, this is a unique opportunity for investors, builders, and developers looking for long-term potential.
- Listed
- Sep 23, 2026
- Property type
- Detached
- Year built
- 1975
- Parking total
- 4
- Basement
- Full
- Heating
- Forced Air
- Cooling
- None
| Dining Room | Main | 9'4" x 8'3" |
| Living Room | Main | 15'4" x 13'7" |
| Kitchen | Main | 11'7" x 11'7" |
| Bedroom - Primary | Main | 13'5" x 11'10" |
| Bedroom | Main | 10'0" x 8'3" |
| Bedroom | Main | 10'0" x 8'2" |
| Living Room | Basement | 27'2" x 12'8" |
| Bedroom | Basement | 13'3" x 10'9" |
| Bedroom | Basement | 10'4" x 9'1" |
| 4pc Bathroom | Main | 11'8" x 5'1" |
| 4pc Bathroom | Basement | 7'4" x 5'0" |
| Kitchen | Basement | 14'3" x 5'4" |
Measurements deemed reliable but not guaranteed.
Pin placed at the coordinates supplied by the MLS® System.
Estimated monthly payment
$2,874
Down payment: $117,000 · Loan: $468,000
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.
Royal LePage Blue Sky · Listing agent Avneet Mundi
MLS®# A2347481 · Last modified 2026-10-14
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James Hughes, REALTOR® · CIR Realty