Builder Alert! Exceptional opportunity on this centrally located 11,202 square ft lot with an impressive 73-foot frontage. Zoned RSML (Small-Scale Multi-Unit Housing), allowing for up to 4 units, ideal for builders, investors, or those looking at redevelopment potential. The property currently features a 2,450 square ft older home in need of significant repair. The existing layout offers 3 bedrooms up and potential for 3 bedrooms down. The lower level is largely unfinished with exposed studs, though some rough-in work has been completed toward a future suite configuration. Heating includes in-floor hot water radiant heat upstairs and hot water baseboard heating below. Electrical has been substantially updated with separate breaker panels for upper and lower levels mostly installed. Prime central location within close proximity to Walter Lee Elementary and McNair Secondary. Excellent redevelopment or renovation opportunity in a sought-after neighbourhood.