Welcome to this versatile and income-generating property located on a 46' x 110' lot in the mature community of Caernarvon. This home features 3 bedrooms upstairs and a fully finished basement with a separate entrance, offering a complete second kitchen - perfect for extended family or rental potential. The basement also includes two bedrooms and a ample spaced living room. The main floor boasts a bright living space and functional kitchen, while the lower level provides additional living space with its own kitchen and private access. Outside, you'll find a detached double garage and a generous yard. What makes this property truly unique is the rare opportunity to purchase the neighboring home 11740 152 ave, combining both lots for a massive redevelopment site, ideal for savvy investors or developers looking to build multi-family or infill projects. Whether you're looking for a solid income property, a family home with a mortgage helper, or land with redevelopment potential, this one checks all the boxes.