Highly desirable investment property with major development potential. NCP designation of Urban 1 - Mid-rise allowing up to 6 storeys and 2.0 FSR (or 2.5 if consolidated lot size is sufficiently small). Several nearby mid-rise developments are either completed or underway. Prime location walking distance to grocery stores, Sevenoaks mall, restaurants, recreation facilities, Mill Lake, and major transit routes. Main floor of home includes spacious living room w/ gas fireplace, dining room, full bathroom, 2 bedrooms including primary w/ ensuite, and ample storage. Basement is mostly unfinished but includes a large 2pc powder room & two bedrooms. Suite potential w/ separate entry to maximize rental income while waiting for future possibilities.