Nestled in a tranquil and sought-after location, this property boasts an exceptional MC-1 zoned lot with DEVELOPMENT PERMITS APPLIED, Plans & Rendering ready for 3+3 ,6Plex project for you long term rental income investment property, live in one & rent 5, surrounded by prestigious multimillion-dollar homes. The well-maintained bungalow, in pristine condition, offers unparalleled convenience being within walking distance to amenities and transportation, and mere minutes from downtown. With dimensions of 37.5 X 125 feet, the lot presents abundant potential. Whether envisioning a luxurious single-family home with a legal basement suite or a stunning duplex/triplex configuration, or even exploring the possibility of a four-story apartment building (subject to city approval), the options are limitless. Inside, the home features a spacious living and dining area adorned with gleaming hardwood floors, complemented by an updated kitchen illuminated by a skylight. A charming sunroom overlooks the meticulously landscaped yard, enhancing the property's appeal. The generously sized master bedroom and renovated 4-piece bath ensure comfort and style, while the developed basement offers additional living space with a bedroom, family room, 3-piece bath, and ample storage/workshop area. Recent upgrades include a new hot water tank and serviced furnace, reflecting meticulous upkeep and pride of ownership. Immediate revenue or redevelopment potential. This property represents exceptional value, whether as an investment opportunity or as the foundation for a bespoke dream home in coveted South Calgary.