Calling all builders and land owner investors! Here's an excellent & fairly updated 2 bedroom bungalow sitting on a massive 50 x 122 ft south rear exposed lot situated on a very quiet street, located just one block from the new Superstore and the rest of the Bow River Shopping Centre! Features an open concept living area with vinyl plank flooring thru-out the mainfloor, freshly painted and updated recently in all the area's that matter. 2 fair-sized bedrooms, a full bathroom, a well lit living room, an eating bar in the kitchen, a large laundry / mudroom round out the main floor. A new covered shed room installed off the back of home measuring 8'x12'. The basement shop has great access from the rear of home and also contains a concrete pad, perfect for storage and/or a workshop area. The covered rear porch area is ideal for the summer time plus you have an excellent south rear backyard which gets flooded with sunlight and ideal for an over-sized garage of your dreams! The front driveway parking is also good for additional parking or RV's. Other upgrades over the recent years include mostly all new windows, freshly painted walls, newer plumbing, 100 amp new electrical panel, new roof in 2015 and a newer high efficient furnace. Lovely tenants in place now and they would like to stay if possible and they are month to month and paying $1200 + utilities (only need 30 days notice to vacate). These homes are perfect as they are relatively maintenance free and this is a great lot for future re-development in the rapidly changing community of Bowness. Great location as you are one block from the Bow River Shopping Centre, a short stroll to Main street Bowness, close to Canada Olympic Park, the new Farmer's Market, Trinity Hills Shopping, The U of C, Children's and Foothills Hospitals, The Bow River and Shouldice Park area, plus just 15 mins or less to Downtown Calgary. Also, great access via the Stoney Trail ring road to the airport or down south Calgary and close to 16th Ave for access the #1 highway West to the Mountains. Please note 1912 and 1913 restrictive covenants on title.