Incredible opportunity in sought-after Montgomery just a few steps from the local restaurants and shops. This 50x120 lot is primed for redevelopment with M-CG zoning - one of the rare few lots left like this on this street. With Foothills & Children's Hospital up the road, proximity to U of C , University District, downtown, walking distance to the Bow River pathways & parks, and quick access to the Trans-Canada, this is a vibrant inner-city community with endless possibilities! Redevelop the lot, build your dream home, or invest & rent long term. This home would also make an exciting renovation project and is begging to be transformed. This spacious 4-level split features 12' vaulted ceilings, huge windows, and rich hardwood floors in great condition. A functional kitchen, dining room, large elevated family living room, three well-sized bedrooms and a 4-piece bathroom complete the main floor. The lower level is another large, cozy living space, plus the basement level is partially finished with a 3-piece bathroom, laundry room, and three additional unfinished rooms with future potential. Outside, you'll find a massive south-facing yard with an oversized double detached garage, parking pad, and garden area. Don't miss this amazing opportunity for the ideal lot for multi-family units or to create your dream home, in this highly desirable and rapidly developing area.