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+5 more

4 Cheyenne Crescent NW, Calgary, Alberta

$899,000

Beds

2.0

Baths

0.1400

Acres

About 4 Cheyenne Crescent NW

**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.