OPPORTUNITY IN ALBERTA AVENUE! This distinctive character home offers two compelling possibilities: redevelop for LOT VALUE or undertake the significant foundation repair/replacement required to restore the existing home. The property is being sold AS-IS, WHERE-IS and requires MAJOR FOUNDATION REPAIR OR REPLACEMENT, with significant horizontal cracking visible along multiple basement foundation walls. Two foundation repair quotations are available, including one proposed repair with warranty. Above grade, the home offers plenty of character with 1 bedroom, 1.5 baths, hardwood flooring, an open-concept kitchen/living area, large windows, spacious kitchen island and unique upper-level covered balcony. Situated on a mature, tree-lined street in central Edmonton, the property also presents an attractive infill opportunity. RENOVATE, RESTORE OR REDEVELOP--the value is in the opportunity! Buyers to independently verify property condition and redevelopment potential.