ATTENTION INVESTORS/DEVELOPERS! This RAISED BUNGALOW sits on a LARGE 50' X 120' RECTANGULAR LOT, ZONED R-CG, with an EAST-FACING PRIVATE BACKYARD, with NO NEIGHBOURS BEHIND, in the sought-after inner-city community of Killarney/Glengarry! This charming home boasts over 2,300 square feet of fully developed living space with 4 bedrooms and 1 bathroom. Noteworthy updates/upgrades here include: new hot water tank (Nov 2023), asphalt shingles (2012), water softener system, gas stove, original hardwood flooring on the main floor, and convenient side-entry door to the basement. Out in the fully-fenced, private, east-facing backyard, you will find an oversized DOUBLE DETACHED GARAGE (drywalled/insulated, and accessible via paved back alley access). There are no neighbours immediately behind this house for enhanced privacy! Close to all amenities: minutes to downtown, Westbrook Mall and Calgary Transit C-Train station, schools, and local parks/pathways! R-CG ZONING ALLOWS FOR MULTI-RESIDENTIAL DEVELOPMENT: R-CG is a land-use district that allows for rowhouse-style housing. This land use zoning can accommodate front and rear units on a parcel, plus a separate garage. An R-CG parcel can have a maximum of four units on a typical 50" lot, with the potential for each unit to have a secondary suite! The opportunities are endless here! Don't miss out on this exceptional holding property - live in, rent out, or redevelop! Call today!