What an opportunity! This fully finished bungalow has a legal suite that's perfect to live in, create an investment portfolio through renters, or for new development! The lot has 50 foot frontage and is 124 feet deep, while the zoning is R-C2, which allows for the building of duplexes, semi detached homes, secondary suites and single detached dwellings! Located on a very quiet cul de sac with other newer properties nearby, this particular home has had a number of upgrades over the years, not the least of which have been the main floor kitchen featuring white cabinetry, quartz counters, modern backsplash and stainless steel appliances, including an amazing gas oven! You'll also be impressed with the spacious living room with a gorgeous stone finished, wood burning fireplace with mantle. Other upgrades include the shingles on both the house and garage, furnace in 2021, main floor laminate flooring, main floor bathroom, electrical and plumbing work, newer washer and dryer, which is set up to be accessed by the main and lower floors, new wood added to the top of the outside side entrance deck, fresh paint on the front stairs and more! The basement has the suite with a second kitchen, a huge family room, 3 piece bathroom, large windows, storage and two bedrooms, one of which is currently set up to be used as a guest room for upstairs but could also be incorporated as another bedroom for the downstairs suite. Located within walking distance to the Marda Loop shopping and restaurant area, along with excellent access downtown! Overall this property is a real gem!