Nestled in the heart of Queen Alexandra, with incredible proximity to the University of Alberta, lies an extraordinary opportunity to bring your vision to life, enter the market in an exemplary neighbourhood or construct your dream home, while having a tenant in place on a lease (that extends into 2025) through your design & permitting phase. This character-rich bungalow is ideal for those who love character & adding a touch of their own personality, boasting hardwood floors on the main floor, a cozy oak kitchen, & a full bath that shared by 2 main floor bedrooms. The basement has another full bath, 2 more bedrooms & generous storage. Located just a 5 minute stroll from the Strathcona High School , this property shines as a brilliant investment opportunity. Revel in the vibrant tapestry of Old Strathcona, with the Kinsmen Sports Centre & scenic walking trails just moments away. This property has incredible potential, a wonderful location & awaits a personal touch to make it your own.