Nestled on an impressive 0.70-acre property with PLA approval for Lot Subdivision (2 lots) & potential for 3 Lots with City Approval, this stunning home offers a unique opportunity. Currently operating as a successful rental, the property is also turnkey with 2 rentable suites and the potential to fall within the new density guidelines to allow for 3 to 4 suites. As you approach the property, the driveway winds through a wooded landscape, adding to its charm and privacy. The well-maintained home boasts breathtaking views of Pryde Vista Golf Course & Mt Benson, creating a picturesque setting. Step inside to discover beautifully refinished original fir hardwood floors that add warmth and character to the space. Large windows flood the home with natural light, creating a bright and inviting atmosphere. The main floor features 2 bedrooms, a laundry room, and a 12x15 deck with a fenced side yard, perfect for enjoying the outdoors. The lower level has been thoughtfully renovated and offers a family room, 1 bathroom, a bedroom, a kitchen, a gas fireplace, and a private patio. The kitchen features modern appliances, ample storage, and a breakfast bar, making it a functional and stylish space for cooking and entertaining. Updates include a new roof/gutters and new oak kitchen floors, cabinets & pot lights upstairs, ensuring modern comfort without compromising the home's original charm. The expansive property offers plenty of space for outdoor activities and potential development. With its options for multiple dwellings & strategic subdivision potential, this property is a rare find for rental, a long-term multi-generational family property, or a great development opportunity. Don't miss out on this exceptional property - schedule your viewing today!