AMAZING OPPORTUNITY!! Multiple ways to take advantage of this opportunity! Zoned RA7. Most of the street has apartment buildings on both sides of the road. Lot is approximately 696.11 m2; 15.2m wide x 45.7m deep (49.87' x 149.93'). Property has a separate entrance on the front side of the building that leads to a 2 bedroom upper level suite. Income source from the upper level suite, once owner leaves there will be room for a 2nd income source.. Looking at the income potential this property is easily underpriced (if you are doing your own Management) you would yield an approximate Cap Rate of: 7.1%+ (NOI of $18,800+; Cash-Flow: $520+/mnt.) When you get the itch to build and you're finally ready - time for redevelopment! This property is near the Coliseum LRT Station, bus stops nearby, close to Fort Road, not far from Downtown or Yellowhead Trail. A lot of restaurants & shops nearby - this is a central location where commuting is easy whether you are traveling by foot or by car. Your Investment is HERE!