Rare Park-Facing Gem in the Heart of Belgravia! This charming semi-bungalow offers the best of both worlds: a solid, character-filled home and a massive 49.8' x 134.5' development lot. For those looking to renovate, this 3-bedroom, 2-bath home features a functional 1.5-storey layout with a fully finished basement, offering plenty of space to create a modern masterpiece. The north-front views overlooking the park and school, combined with a sunny south-facing backyard, provide an idyllic setting for any family. Alternatively, builders will recognize the immense value in the lot size, perfectly suited for two skinny homes in one of Edmonton's most coveted mature neighborhoods. With a reliable tenant already in place paying $1,800/month, you can enjoy immediate cash flow while you plan your dream renovation or future development. Whether you're a first-time buyer looking to build sweat equity or an investor seeking a prime location, this property is a standout opportunity!