Prime investment opportunity just one block from downtown Stettler! This property is currently in the process of being converted into three municipally approved suites, with extensive work already completed and a strong foundation in place for the next owner to carry the project through to completion. The current planned layout includes two one-bedroom suites and one larger two-bedroom suite, each designed with an open-concept kitchen, dining, and living area, along with dedicated space for stackable in-suite laundry. At its current stage of construction, the building also offers the flexibility to shift direction and adapt the spaces for commercial use, depending on the buyer's plans and applicable municipal requirements. Significant improvements have already been completed, including a brand-new roof, soffit, fascia, and eavestroughs. Framing is complete throughout all three suites, and the required fire separation between the units has been completed through the living areas, attic spaces, and below. The existing sewer service remains in place and is ready to be tied into, as well as natural gas and water lines to the building. Quotes have already been obtained for the required windows and doors. Engineered drawings are available for review. The proposed three-suite use has received municipal approval, helping take much of the preliminary planning out of the project for the next owner. The property is zoned R2A, offering flexibility for either residential or discretionary commercial uses.