Welcome to this truly unique property offering **stunning ocean views** and unparalleled flexibility near Simon Fraser University. Nestled on an expansive lot with **unrivaled expansion potential including the possibility of building a new walkout basement residence—this home is a rare find. The solid 1950s structure boasts excellent insulation, new double-glazed windows, and modern vinyl plank flooring throughout. Its layout is a rental dream, featuring a highly versatile floor plan currently set up for multi-family living with up to six bedrooms, three full baths, and the potential for three separate living units, each with its own laundry. Enjoy a vibrant, low-maintenance outdoor space highlighted by multiple private entrances, stone-paved pathways, and a lush, mature garden filled with various fruit trees and fragrant flowers. Located on a quiet street near the Barnet Park waterfront, this home combines natural beauty, privacy, and exceptional income-generating opportunity.