64' x 129' parallelogram-shaped lot has been subdivided into two equal-sized lots each with 31' of frontage and 129' of depth along with a sunny South rear yard. A wonderful opportunity to build a very large new home, or two good-sized homes on this 743 sq.m. property that is close to the University of Alberta, river valley parks area and downtown. The existing 1,745 sq.ft. house with 3 bedrooms and two full bathrooms could also provide an excellent rental or renovation opportunity. The subdivision of the lot has been fully approved, and a demolition permit for the existing house also been approved. If the existing house is kept for rental or owner occupancy, the demolition permit would need to be cancelled.