Opportunity knocks at 5204 Montalban Ave NW! Endless opportunities: live in, rent out, renovate or build your dream home on one of the nicest lots in Montgomery! Oversized R-C1, 6100 sqft, reverse pie, walk-out, corner lot, overlooking the park and community gardens. Beautifully maintained and nicely upgraded by the original owners for the last 65 years. Raised, hillside bungalow with 1,020 sqft of development on the main, plus a gorgeous, fully self-contained, walk-out illegal suite. The main floor has a side door entry with direct access to the kitchen or staircase to the lower illegal suite. The living room may take your breath away with its open layout and spectacular views (newer oversized windows to capture the scenery). Country-style kitchen with an abundance of wood cabinets, spacious nook for family dining and a south exposure window brings in an abundance of natural light and a great view. Adjoining dining room is spacious and can fit a full-size dining suite. Large primary bedroom, 4 piece bathroom and the 2nd bedroom bas been converted to a den/office with sliding doors to an attached covered patio area. The lower level is truly one of a kind with the reverse walk-out and full-size picture window which offer views of the park. The large living room with a front door at grade level to a parking pad, awesome kitchen with more views! Spacious bedroom, 4 piece bath and laundry. A great space for extended family, live-in caregiver, or teenagers. Many cosmetic upgrades over the years, including roof shingles; in 2004 some newer windows, furnace and new electrical panel. Oversized 26’x22’ detached garage. Private backyard with plenty of room for the kids to play and to have a garden. The large hedge on the side of the property offers excellent privacy (actually on City property). Incredible location just minutes from UofC, Foothills & Children’s Hospitals, Market Mall and the Bow River pathways to Edworthy Park and downtown. The views are amazing and the possibilities are endless! Truly an investment in lifestyle and real estate!