Introducing a remarkable investment opportunity in the highly sought-after community of Rosedale. This property features a charming but dated two bedroom, two bathroom raised bungalow with a total area of 826 square feet. Situated on a generous 50'x120' lot with front drive access, this single-family residence is located in a very desirable R-1 zoned neighbourhood. One of the standout features of this property is its prime location, offering convenient access to Kensington's shops and restaurants, downtown is within walking distance, and SAIT (Southern Alberta Institute of Technology) is just a 5-minute walk. Rosedale is a sought-after estate area experiencing a significant surge in redevelopment, with many estate-sized homes being built in the neighbourhood. This presents an exceptional opportunity for buyers looking to either hold onto the property for future appreciation or begin the rebuilding process immediately. Adding to the appeal of this investment, the property has been tenant occupied for the past 10+ years. The tenant is willing to continue their tenancy, providing a stable income stream for potential investors. This investment opportunity offers a sound and precise business proposition. With its desirable location, the potential for redevelopment, and long-term tenant, it presents a unique chance to capitalize on the ever-growing market in Rosedale. Whether you choose to hold, rebuild for resale or build your family's dream home, this property offers great potential for financial gain.