Prime Development & Investment Opportunity! This exceptional property offers a rare chance to develop a 20-unit, 3-storey apartment building, with a development permit and plans to be provided--perfect for investors and developers looking for their next big project! Currently, the well-maintained lot features six spacious suites--five 1-bedroom units and one 2-bedroom unit--generating immediate rental income. Ideally situated just one block from the LRT and Royal Alexandra Hospital, it ensures unbeatable convenience. Plus, with walking access to Grant MacEwan University, Rogers Place, and the lively Ice District, this location is primed for strong tenant demand and future growth!