Investor alert! Rare opportunity to own over an acre in the heart of the city. Situated on a 1.08-acre lot, this charming rancher offers solid value with endless potential. The home features 2 bedrooms (potential for 3rd) and 1 & 1/2 bathrooms with a functional layout perfect for small families, downsizers, or anyone looking for a manageable space with room to grow. Outside you'll find a double detached garage and a separate workshop, ideal for storage, hobbies, or home projects. Whether you're looking to live in, build new, hold long-term, or explore development options, this property is a versatile and strategic investment. Opportunities like this don't come around often. Prelim-plans for 17 Townhomes under the RM-1 Zoning Bylaw.