Exceptional opportunity for first-time buyers, investors, or developers in Central Lonsdale. Character home with a versatile layout including spacious living/dining, a main-floor bedroom, and two large bedrooms upstairs. The lower level features a self-contained 1-bedroom suite, ideal for rental income or extended family. Zoned RM-1 with 1.6 FSR plus potential 1.0 bonus, offering strong redevelopment or hold potential. Located in a highly walkable area (Walk Score 93), steps to Whole Foods Market, restaurants, transit, and Lions Gate Hospital. Option to assemble with neighbouring properties for a ~12,000 sq ft site. Tenanted with stable income: $2,900/month main floor (to Dec 2026) + $798/month suite.