OVERSIZED 57.5' x 110' RC-2 LOT WITH A LEGAL 2-BED BASEMENT SUITE & STRONG REDEVELOPMENT POTENTIAL IN HIGHWOOD! This property offers immediate rental income and long-term flexibility for investors, developers, or owner-occupiers. Featuring a 2-bedroom upper residence, LEGAL 2-bedroom basement suite, single detached garage, carport, and oversized backyard, it is well suited for a buy-and-hold strategy, future redevelopment, or living upstairs with a mortgage helper below. Currently rented for $1,325/month plus 60% of utilities, the upper level features solid hardwood flooring throughout most living areas, with tile in the kitchen and bathroom. The kitchen offers ample cabinetry and workspace, plus a new stainless steel refrigerator and stove. A massive rear-facing window fills the spacious living room with natural light. Two generously sized bedrooms share the 4-pc bathroom with tub/shower combination. The LEGAL 2-bedroom basement suite, currently ready for occupancy, features newer luxury vinyl plank flooring throughout the main living areas. The large living room offers comfortable everyday living space, while the full kitchen provides ample cabinetry and preparation space. Two additional bedrooms, a full bathroom, and shared laundry with washer and dryer complete the lower level. Outside, the oversized backyard provides excellent space for outdoor enjoyment, future improvements, or additional parking. A single detached garage and carport offer covered parking and storage, with convenient rear-lane access. Located on a beautiful residential street in established Highwood, this property is close to parks, playgrounds, Confederation Park, and Nose Hill Park. Families and students will benefit from the close proximity to the University of Calgary, SAIT and the Children's Hospital. This home also enjoys convenient access to Centre Street, 14 Street NW, McKnight Boulevard, downtown, shopping, restaurants, and everyday amenities.