*See multimedia link for VT & Floorplans* ATTENTION BUILDERS AND INVESTORS! Whether you're looking to develop a new infill or buy and hold an investment property, then this is "the one" you've been searching for! This 50’ x 120’ RC-2 zoned lot sits on a quiet street, literally surrounded by schools, community amenities, parks, playgrounds, and transit. Plus, great renters would love to stay! The upper 2-bedroom suite features charming mid-century features like original hardwood floors, arched doorways, swirl-textured living room ceilings, and a built-in banquet bench in the dining room. Updates include some newer windows and a renovated 4-piece bathroom with large tub with subway tile surround, hexagonal tile floors, and a floating vanity with vessel sink. A separate rear entrance leads downstairs to the shared laundry and storage area, as well as the entrance to the illegal 2-bedroom basement suite. Here, hardwood floors and multiple newer windows make for a bright space, plus the updated, open-concept kitchen features newer cabinets and a full appliance package including a microwave and dishwasher. The large rear yard features a huge deck, 2 storage sheds, and the single storage garage (no garage opener) with access from the front street. A gravel parking pad out front accommodates 2 vehicles plus there is lots of street parking out front. This is a great location in a desirable inner-city community, down the street from the Capitol Hill Community Centre w/ a preschool, community garden, loads of green space, a playground, baseball diamond, plus a gathering place for community residents. 1 block away is Capitol Hill School (K-6) and St. Pius X Catholic French Immersion School (K-6). Just 2 blocks North, Confederation Park offers a huge amount of outdoor park space for families and people of all ages to enjoy. Multiple bus stops are located within a 5-min walk from this location, plus it is just a 15-minute walk to the nearest LRT station!