Investors & Developers, Take Note! This offering presents an incredible opportunity to own an income-producing property that also offers the potential to build a 6 unit townhome project. Perfectly positioned in a high-demand location, this property is zoned MF1 and ready for redevelopment. The existing property includes a 2 bedroom LEGAL suite, making it an excellent rental investment. There is a single car garage plus ample parking for all the toys. The property is well set up where there is no compromise on outdoor space for as each space not only has their own driveway but also separate fully fenced yards. Completing with vacant status provides immediate leasing flexibility—maximize market rents while you finalize your redevelopment vision. Situated on a quiet street yet close to key amenities, this location offers proximity to public transportation, the university, the airport, schools, shopping, and restaurants. Even better, there is the potential to combine with the neighboring properties 250,270 and 280 Homer Rd. This offers the opportunity to unlock an even grander vision—the potential for a proposed 39-townhome complex!