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Exceptional opportunity awaits you in the quiet neighbourhood of Parkallen! Surrounded by towering trees, this property is perfect for investors or those looking for a mature area to build their brand new home! This lot features an RF1 zoning (allows for single family, secondary suites and discretionary duplex/semi-detached developments) and is approximately 33' x 132'. Current structure is a 741sqft 2 bedroom bungalow with a single detached garage and plenty of yard space. Exceptional revenue possibility with close proximity to the U of A, downtown, public transportation, Whyte Avenue and more!