Welcome to 5 Penny Avenue - a fantastic opportunity to shape your future by working with the existing home or to take a forward looking view towards development. This original 1,381 sf single family home features 3 Bedrooms, 1 Bathroom and it sits on a generous +/- 6,534 sf lot. A quick drive in the immediate area will have you convinced what this 'Penny' can become and why others are building and investing in this area of our city. A transformation is underway. R-2P zoning provides flexibility to develop a duplex, semi-detached home or the lot can potentially be subdivided. For those looking to develop a larger concept the adjacent vacant lot (Lot 102, sold separately; see MLS# 202509968) is also available to create combined land holdings of +/- 12,632 sf. This location is moments from great parks, trails, shopping, transit and downtown.