**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.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
30 Days / Neg
Suite:
Yes
Num Legal Suites:
0
Num Illegal Suites:
1
Home Style:
Bungalow
Total Living Area:
1,071.07 sq. ft.99.5 m2
Main Level Finished Area:
1,071.07 sq. ft.99.5 m2
Below Grade Finished Area:
1,004.23 sq. ft.93.3 m2
Taxes:
$5,004 /
2026
Tax Assessed Value:
$752,500
Acreage:
No
Lot Area:
5,887 sq. ft.547 m2
Lot Frontage:
85'2⅞"26 m
Front Exposure:
Northwest
Floor Location:
Ground
Levels:
One
Total Rooms Above Grade:
5
Year built:
1960
(Age: 66)
Bedrooms:
3
(Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms On Main:
2
Bedrooms Below Grade:
1
Bathrooms:
2.0
(Full:2, Half:0)
Num Ensuite Baths:
0
Plan:
9046HO
Electricity:
100 Amp Service
Heating:
Forced Air, Natural Gas
Basement:
Full, Finished, Separate/Exterior Entry
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Asphalt, Concrete, Stucco
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate
Cooling:
None
Fireplaces:
0
Water Supply:
Public
Sewer:
Public Sewer
Garage:
Yes
Garage Spaces:
1
Parking:
Single Garage Detached
Parking Places:
1
Parking Total/Covered:
1 /
-
Laundry Features:
In Basement
Northwest
Charleswood
Electric Range, Electric Stove, Refrigerator, Washer/Dryer
none
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
10'2"3.10 m × 9'8"2.95 m
Main Floor
Bedroom
11'1"3.38 m × 10'2"3.10 m
Main Floor
Dining Room
8'2.44 m × 6'1"1.85 m
Main Floor
Kitchen
10'7"3.23 m × 10'3.05 m
Main Floor
Living Room
17'2"5.23 m × 12'7"3.84 m
Basement
Bedroom
10'2"3.10 m × 9'3"2.82 m
Basement
Kitchen
13'4"4.06 m × 3'.91 m
Basement
Office
10'4"3.15 m × 9'6"2.90 m
Basement
Game Room
20'11"6.38 m × 14'10"4.52 m
Basement
Furnace/Utility Room
9'4"2.84 m × 6'4"1.93 m
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'7" x 6'6"
Basement
No
3
7'1" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks
Data was last updated October 27, 2026 at 06:05 PM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$899,000
Min list price:
$680,000
Max list price:
$2,399,000
Avg days on market:
44
Min days on market:
1
Max days on market:
169
Avg price per sq.ft.:
$758.94
These statistics are generated based on the current listing's property type
and located in
Charleswood. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.