Welcome to an exceptional opportunity in the highly sought-after neighborhood of Varsity View! This charming 1,192 sq. ft. 1½-storey home sits on a substantial 50 x 140 ft lot and offers incredible flexibility for homeowners, investors, and developers alike. Featuring 4 bedrooms and 1 bathroom, the home provides a functional layout ideal for families, with added potential thanks to a convenient side entrance—perfect for those looking to develop a future basement suite. What truly sets this property apart is its multiple avenues for value: >Hold & Rent: A solid family home with income potential, ideal for long-term investment in a prime location. >Redevelopment Opportunity: The expansive lot offers excellent potential for a multi-family build, opening the door for strong rental income or resale possibilities. >Subdivision Potential: With two 25 ft subdivided parcels, buyers have the rare chance to build two single-family homes, each with the option to include basement suites—maximizing both density and return. Whether you're looking to live, invest, or build, this property delivers unmatched versatility in one of the city’s most desirable areas—just minutes from the university, river valley, and all amenities. A rare find with endless potential—don’t miss your chance to capitalize on this prime Varsity View location!