MULTI FACETED INVESTMENT ASSET !!! Quality built Vancouver Special style home with 3 suites in fantastic shape. Incredible holding asset that can generate a high stream of rental revenue or build. Versatile property that can allow for a luxury detached home, laneway house, duplex, or capitalize on new MULTIPLEX DEVELOPMENT allowances. Situated on 4071 SF this 33.02 X 123.41 FT lot is close to a host of amenities, & Sir Sanford Fleming. Call for full details. LOCATION Situated in the thriving Victoria community, recognized for its robust family-friendly environment, premier shopping, and acclaimed dining scene Positioned along the vibrant Victoria Drive, offering a rich selection of Southeast Asian cuisine and iconic eateries Close proximity to key retail corridors: Victoria, East 41st Avenue, Knight Street, and Fraser Street Strategically located near top educational institutions such as Sir Sanford Fleming Elementary Within walking distance to multiple green spaces, including Memorial South Park, Tecumseh Park, and Gordon Park SCHOOLS Sir Sandford Fleming Elementary David Thompson Secondary HOME Bright and spacious 3,192 sq.ft of expansive living space 5 Bedrooms 4 Full bathrooms LOT 4,074.99 sq.ft property Property taxes $5,477.48 (2020) DEVELOPMENT POTENTIAL Multiplex Opportunity: Potential to develop 4-6 units at a 1.00 FSR, maximizing density Duplex Strategy: Option for duplex development with stratification possibilities, enhancing marketability Luxury Single-Family Home: Development at 0.6 FSR, including a premium laneway house at 0.25% FSR, catering to high-end buyers Secondary Suite Addition: Build a new residence with an integrated legal secondary suite for diversified revenue streams PROPERTY SPECIFICATIONS Well-maintained Vancouver Special with a highly functional layout, ideal for immediate occupancy or rental income Features two additional suites, offering multigenerational living or rental income potential Prime 4,075 SF rectangular lot with back lane access, optimal for future development Lot dimensions: 33.02 x 123.41 FT – a strategic development parcel Infrastructure Highlights: Equipped with a metal roof ensuring durability, a newly replaced hot water tank (2023), and upgraded balconies with a new awning (2020)