Discover this spacious family home with rental income and development potential. This fully renovated 2,809 sq ft home is perfectly situated on a generous 7,610 sq ft corner lot. This property boasts 5 bedrooms and 3.5 bathrooms, including an unauthorized 2-bed, 1-bath rental suite with a proven track record as a successful Airbnb income generator over the past four years. Enjoy modern comforts with a 200 amp upgraded service, 2-car garage with a 30 amp EV charging outlet, spacious recreation room, and a space for RV parking. The home was fully renovated in 2018, and has been thoughtfully improved through 2024. The location is truly unbeatable – walk to Crescent Park, Beach, trendy cafes, shopping, and a fantastic elementary school. Investors take note: the new zoning bylaw allows for exciting development opportunities, including a 6-plex, 3-level duplexes with garden suites, or a single-family home with a legal secondary suite and separate garden suite (buyers to verify). A truly versatile property!