**Rare Investment and Redevelopment Opportunity in Charleswood**
Located on a corner lot in the desirable community of Charleswood, this property offers both immediate rental income and future redevelopment potential. A bus stop is conveniently located directly in front of the property.
The existing house has been recently renovated with a new roof, flooring, paint, and some new doors. It is currently rented, and the new owner can assume the existing tenants.
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**. Buyers may purchase the property with the Development Permit or enter into a contract with the seller to build the fourplex.
The approved Development Permit and building plans are included in the listing documents.
This is a rare opportunity to acquire a renovated rental property with a Development Permit for a four-unit row home development in Charleswood.
**Please note:** The Development Permit is currently under appeal.
Address
4 Cheyenne Crescent NW
List Price
$899,000
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
A2354914
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