Terrific Opportunity in Prime Central Lonsdale. This 2-lvl home sits on a sunny south-facing 50? x 147? lot w/ lane access, offering excellent holding, renovation, or redevelopment potential. Options include updating, holding as an investment, or redeveloping under recently approved zoning allowing up to 4 units (0.85 FSR), w/ possible city & mountain views from upper levels. The existing home offers over 1,800 sq.ft. w/ 3 bdrms & 2 baths. The main floor features a spacious living room w/ hw floors & gas fp, open kitchen & eating area, and access to a south-facing covered deck. The lower level includes a kitchenette, bdrm, large rec room, laundry, & walk-out access?ideal for future suite potential. A level backyard, garden areas, and 2-car carport. All w/ easy access to amenities.