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$895,000

487 Northmount Drive NW

Highwood, Calgary, Alberta

4 bed·2 bath·Detached·MLS® A2347308·Listed today

About this home

Click brochure link for more details** 2-Line Headline (Builder Outreach). Approved DP for 4-Plex | Prime R-C2 Inner-City Lot (5,996 SF). 483 Northmount Dr NW – Ready-to-Build Opportunity with Holding Income. Exceptional redevelopment opportunity in NW Calgary. 483 Northmount Dr NW sits on a 557 sqm (5,996 sq ft) R-C2 zoned lot and comes with an approved development permit for a 4-plex, significantly reducing timeline and entitlement risk for builders. The existing 906 sq ft home, built in 1955, provides interim holding value and is configured with 2 bedrooms and 1 bathroom above grade, plus 2 bedrooms and 1 bathroom below grade with a separate entrance. Located on a quiet, tree-lined street with strong infill activity, the property offers excellent access to downtown, SAIT, the University of Calgary, transit, schools, and nearby amenities. With approvals already in place and favorable zoning, this is a plug-and-play development site in a high-demand inner-city corridor. (id:66681)

Property details

Bedrooms
4
Bathrooms
2
Half baths
0
Year built
1955
Property type
Residential
Building type
Bungalow
Appliances
See remarks
Parking
Other, Street (3)
Zoning
R-CG
Community
Highwood
MLS®
A2347308
Days on market
0

Location

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Listing information last updated 18h ago. Provided by the listing brokerage via CREA’s DDF®, deemed reliable but not guaranteed accurate.

Mortgage estimate

Estimate only. Actual payments depend on your lender, credit, and closing costs. Uses Canadian semi-annual compounding, as required by law, not the US monthly-compounding convention most templates use.

Down payment

$179,000 (20%)

Base loan amount$716,000

$4,366 / month

First payment: $3,239 interest, $1,127 principal