Excellent investment or redevelopment opportunity in the highly sought-after inner-city community of Glendale! This 5,490 sq. ft. MU-1 zoned lot offers exceptional versatility for investors, developers, or buyers looking to live up and rent down. The main floor features three bedrooms and a full bathroom, while the lower (illegal) suite includes two bedrooms, a full bathroom, shared laundry, and additional storage. Recent updates include a new sewer line replaced from the house to the city, providing peace of mind for future owners, and the basement has been freshly repainted, giving the lower level a clean, refreshed feel. When fully occupied, previous rental income was approximately $1,600/month upstairs, $1,400/month downstairs (shared utilities), and $300/month for the double detached garage. Both suites are currently vacant?offering quick possession and flexibility to set new rents, occupy one unit, or proceed with redevelopment plans. Ideally located close to schools, parks, shopping, transit, and with easy access to downtown, this property presents strong upside potential in one of Calgary?s most desirable inner-city neighbourhoods.