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5 Beds
2 Baths
1,073 sqft

C$585,000

5230 Whitestone Road NE, Calgary Alberta, T1Y 1T6

Price per sqftC$545.20
Built in1975
Property size1,073 sqft
Property typeResidential

Overview

Active

Listed Sep 23, 2026

Updated 0 min ago

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.

Additional information

MLS® ID
A2347481

Interior Features

Bedrooms
5
Bathrooms
2
Fireplace
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.12 Acres

Other Property Details

Garage
Yes

Courtesy of Royal LePage Blue Sky, Avneet Mundi

Listing Contact: 403-471-8559 

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Data last updated 2:14 AM UTC, 10/15/2026

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