Rare opportunity in the highly sought-after neighbourhood of Belgravia! This spacious bungalow sits on a generous 937 mý (75+ x 134 ft) lot with rear lane access --offering outstanding development potential in one of Edmonton's most prestigious riverside communities. The home delivers 1,548 sq ft on the main level plus a fully developed 1,326 sq ft basement. The bright main floor features a welcoming entryway, generous living room with wood-burning fireplace, separate dining room, functional kitchen with ample cabinetry, and three well-sized bedrooms including a spacious master suite. The finished basement adds exceptional versatility with a large recreation room, family room, den/office, two additional bedrooms, a modern 3-piece bath with glass shower, and a dedicated laundry room. Steps from the University of Alberta, Whitemud Ravine trails, and the North Saskatchewan River valley. Perfect for families, investors, or developers -- oversized lots in Belgravia rarely come to market. Welcome home!