This property is an exceptional find in the highly sought-after Killarney neighbourhood! The 50x120 R-CG corner lot offers a rare and valuable opportunity for both short-term holding and long-term development. An ideal location, situated just steps from the vibrant 17th Avenue and 37th Street, with easy access to an array of shops, restaurants, amenities, and excellent transit options. With the R-CG zoning, this property offers fantastic potential for multi-family development, which is in high demand in this well-established and rapidly developing area. The bungalow features 2 spacious bedrooms, a living room, a dining room, and a kitchen on the main floor. The lower level provides even more space with an ILLEGAL suite featuring 3 additional bedrooms, a full 4-piece bathroom, and a cozy rec room. Don't miss out on this prime location.