Terrific Opportunity in Prime Central Lonsdale. This two-level home sits on a sunny south-facing 50’ x 147’ lot with lane access, offering excellent holding, renovation, or redevelopment potential. Options include updating and moving in, holding as an investment, or redeveloping under recently approved higher-density zoning allowing up to four units (0.85 FSR), with possible city and mountain views from upper levels. The existing home offers over 1,800 sq.ft. with 3 bedrooms and 2 bathrooms. The main floor features a spacious living room with hardwood floors and gas fireplace, open kitchen and eating area, and access to a full-width south-facing covered deck. The lower level includes a kitchenette, bedroom, large rec room, laundry, and walk-out access—ideal for future suite potential. A level backyard, garden areas, and two-car carport add convenience. All just steps to shops, parks, transit, and Central Lonsdale amenities.