Welcome to this exceptional property, perfectly situated on a generous 7,250 sq. ft. lot (60x120) with rear lane access, presenting an incredible development opportunity. This versatile lot is your blank canvas with the new City of Surrey zoning bylaws allowing for a fourplex, triplex, or duplex with coach homes or basement suites. The existing home is a delight, featuring 3 bedrooms upstairs and a spacious bedroom/rec room downstairs. Additionally, a 1-bedroom rental suite provides immediate rental income. Located in a prime central area, this property offers unbeatable convenience within walking distance to elementary school and high school and close proximity to shopping, parks, and major routes. Live comfortably now or kickstart your development plans right away!