Builders and investors seeking a turnkey income property with rare redevelopment potential will find it here. This updated bungalow features brand new vinyl plank flooring (2025), fresh paint (2025), a bright 217.7 sq.ft. sunroom, and a fully finished 801.8 sq.ft. basement — all adding valuable living and rental space. Currently leased at $2,300/month (increasing to $2,385/month from March to July 2026) under a no pets, no smoking, and no cannabis agreement, it offers immediate stable income until 2026, with the option for the buyer to assume tenants or for the seller to assist in relocating them if vacant possession is preferred. The 60x100 ft (6,000 sq.ft.) R-CG lot may support multi-unit development such as rowhouses or a 4-plex (subject to City of Calgary approval). In some cases, builders have applied for projects including four townhomes with legal basement suites, though all such outcomes remain subject to municipal approval and permitting. Perfectly located only 6.5 km (12–15 minutes) to downtown, under 5 minutes to Nose Hill Park, 3 km to North Hill Centre, and less than 20 minutes to the airport, this home combines lifestyle and convenience. Surrounded by schools within 1–2 km (Highwood School, Colonel Irvine, St. Joseph) and excellent transit access, Highwood continues to attract strong buyer demand. Opportunities like this are rare in Highwood! Secure today’s land price and unlock tomorrow’s value.