Situated in the heart of the highly sought-after community of West Hillhurst, this exceptional property offers a rare opportunity to build new in one of Calgary’s most desirable inner-city neighbourhoods. With a 40' x 130' flat lot, alley access, and a prime location just minutes from downtown, this offering is ideal for developers, investors, or anyone ready to create their dream home from the ground up. While the existing structure is a modest 686 sq ft bungalow featuring two bedrooms, a four-piece bathroom, and a double detached garage, the true value lies in the land itself. The expansive backyard and flat terrain provide a strong foundation for future development, whether you’re considering a modern infill, a custom single-family home, or exploring other possibilities allowed by the zoning. The location is what truly sets this property apart. Nestled within walking distance to the vibrant shops, cafes, and restaurants of Kensington, the lifestyle potential is unmatched. Families will appreciate being just a five-minute walk from both Queen Elizabeth School (K–6) and Queen Elizabeth High School (7–12), and the West Hillhurst Community Centre, Bowview Outdoor Pool, and nearby park spaces are just blocks away. Outdoor enthusiasts will love the proximity to Riley Park, the Bow River pathway system, and a nearby off-leash dog park, all offering countless ways to stay active and connected with nature throughout the seasons. Commuting and access to services couldn’t be easier. This central location places you minutes from the University of Calgary, SAIT, and downtown, with transit options readily available. Major amenities such as Market Mall, North Hill Centre, and the Louise Riley Library are conveniently close, and proximity to McMahon Stadium, Foothills Hospital, and Alberta Children’s Hospital adds to the appeal, whether for everyday living or long-term investment value. This is a rare chance to secure an inner-city lot in a community known for its charm, convenience, and strong property values. Whether you're planning to build now or hold for future development, the potential here is undeniable.