A prime development opportunity or a great holding property which can be tenanted upstairs & downstairs in Central Lonsdale! This amazing 50 x 134 south-facing property has been rezoned from RS-1 to RS-2, allowing for subdivision into two single-family lots. Available plans by a well-known architect showcase homes over 2,500 square feet on each lot boasting open-concept living, 5 bedrooms including a 2-bedroom legal suite and garage plus carport. The fantastic Central Lonsdale location offers ease of rental of the existing, charming 1950s, 2-storey home with a separate entrance garden floor suite, 4 bedrooms, 2 bathrooms and lane access. Within steps of Lonsdale's many amenities including Loblaw City Market, public transportation, renowned schools, and the new Harry Jerome Rec Centre.