Exceptional redevelopment opportunity in a highly desirable location! Situated steps from Edmonton's beautiful River Valley, Facult‚ Saint-Jean, and a short bus ride to the University of Alberta, this 606 sqm parcel, legally described as 1.5 lots (Lots 21 and 22), presents an exciting opportunity for developers, investors, and builders. The property features a 1950-built bungalow offering approximately 900 sq ft, 4 bedrooms, and 2 full bathrooms, along with a fully finished LEGAL basement featuring a second kitchen and separate entrance. The beautifully landscaped lot offers mature trees, garden space, and a double oversized, heated and insulated garage with paved lane access. Whether you're looking to explore redevelopment possibilities, hold as an investment, or generate rental income, this property offers tremendous potential in an established neighbourhood close to schools, transit, amenities, and the River Valley. Rare opportunity to secure a substantial parcel in a sought-after Bonnie Doon location!