Prime Central Lonsdale location with excellent long term potential. This flat 7350 sq ft lot with lane access is designated Ground Oriented Housing with an FSR of 0.85 and offers the opportunity to build up to 4 units pending City approval. An ideal investment to hold and rent while planning future redevelopment. The well kept home offers strong functionality with 3 bedrooms and 1 bathroom upstairs, hardwood floors, gas fireplace, and covered deck overlooking the fully fenced backyard. The ground floor offers a bright 1 bedroom in-law suite or extra space for the main house. Single car garage at the front plus a detached double garage off the lane provides ample storage and parking. Brand new furnace and mountain views complete this solid opportunity.