501 Kenlough Drive, Charlotte, NC 28209
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
Listed by: mary helen tomlinson davis
Office: helen adams realty
MLS#:4382282
Source:CH
501 Kenlough Drive,Charlotte, NC 28209
$490,000
- 4 Beds
- 2 Baths
- 1,746 sq. ft.
- Single family
- Active
Price summary
- Price:$490,000
- Price per sq. ft.:$280.64
About this home
In one of Charlotte’s most sought-after and rapidly growing areas, this rare corner lot property in the Collingwood/Madison Park area is full of opportunity and potential. Surrounded by stunning renovations, luxury new construction homes, and ongoing development, this is an incredible chance to own one of the larger original homes in the neighborhood and create something truly special.
Whether you are an investor, builder, or buyer looking to put your own personal touch on a home, the possibilities here are endless. The existing floor plan flows easily and is the perfect canvas for a renovation or remodel that could create instant value and equity — ideal for a resale, rental investment, or personal residence. Builders, take note: under Mecklenburg County UDO, the zoning transition from pre-UDO R-4 to post-UDO N1-B may allow for exciting redevelopment opportunities, including the potential for a luxe duplex.
Filled with mid-century charm, the home sits on a beautiful corner lot with a private backyard and peaceful views of the pond and creek behind the property. The neighborhood itself is incredibly charming, with mature tree-lined streets, parks nearby, and a welcoming feel that continues to attract buyers and investors alike.
Location truly sets this property apart. Just minutes from Uptown Charlotte, South End, and the light rail, you also have easy access to some of Charlotte’s best restaurants, shopping, and nightlife at Park Road Shopping Center and LoSo. With no HOA restrictions and so much growth happening nearby, this is an amazing opportunity at a great price to create your dream home or next successful investment project.
We're currently obtaining contractor quotes for the following updates:
Paint the exterior, Add shutters to the front windows, Paint the entire interior, Refinish the hardwood floors, Replace and update all lighting fixtures, Install new kitchen cabinets and appliances, Replace the carpet, Replace the laminate flooring
The contractor estimates the total renovation cost will be between **$40,000 and $50,000**, with final quotes expected next week.
Based on comparable sales, investing around **$50,000** into these improvements could create significant instant equity. Once renovated, the home has the potential to be worth **close to $700,000**, making it an excellent opportunity for someone looking to build equity or potentially renovate and resell. Given the home's size and the comparable sales in the area, this is a fantastic investment opportunity!...
Contact an agent
Home facts
- Year built:1958
- Subdivision & Development:Selwyn Park
- Listing ID #:4382282
- Updated:October 09, 2026 at 01:25 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Tile, Wood
- Kitchen Description:Dishwasher, Microwave, Oven, Refrigerator
- Basement:Yes
- Living area:1,746 sq. ft.
Heating and cooling
- Cooling:Central Air
- Central air:Yes
Structure and exterior
- Year built:1958
- Building area:1,746 sq. ft.
- Lot area:0.24 Acres
- Lot Features:Corner Lot
- Construction Materials:Vinyl
- Foundation Description:Crawl Space
Schools
- High school:Myers Park
- Elementary school:Pinewood Mecklenburg
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$490,000
- Price per sq. ft.:$280.64
Features and amenities
- Laundry features:Laundry Room, Lower Level
- Amenities:Attic Stairs Pulldown, Open Floorplan
Parking
- Parking description:Driveway
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