A compelling opportunity for a BUILDER, DEVELOPER OR INVESTOR combines a substantial 40' X 116' LOT with exceptional DOWNTOWN SKYLINE VIEWS in sought-after Bridgeland. Set on a WALKOUT LOT with a SOUTH-FACING BACKYARD, the property presents exciting possibilities for a future vision while the existing bungalow remains rentable in the meantime. A SURVEY IS INCLUDED to assist with evaluating the site and planning next steps. Until redevelopment is pursued, the 3-BEDROOM bungalow delivers a functional main-floor layout enhanced by HARDWOOD FLOORING and abundant natural light. Gather in the spacious living area, where a large picture window brings in sunshine and maintains the home's comfortable everyday appeal. Meals and entertaining flow into the UPDATED KITCHEN, pairing dark cabinetry with STAINLESS STEEL APPLIANCES, generous counter space and direct outdoor access. Completing this level, 3 bedrooms and a 4-piece bathroom accommodate tenants, families or flexible living arrangements. Downstairs, the PARTIALLY DEVELOPED WALKOUT BASEMENT adds considerable usable space and further flexibility for storage, hobbies or future improvements. Outside is where this property truly distinguishes itself, with 2 MASSIVE DECKS capitalizing on the elevated setting and remarkable views toward Calgary's downtown skyline. The SOUTH-FACING BACKYARD adds desirable exposure, while a DOUBLE GARAGE rounds out the practical elements of the property. Beyond the lot itself, Bridgeland delivers the inner-city lifestyle that continues to attract residents and investment, with local shops, restaurants, parks and everyday amenities woven throughout the community. Connections to the BRIDGELAND/MEMORIAL LRT STATION, BOW RIVER PATHWAY SYSTEM and surrounding active transportation network make downtown, the river and neighbouring destinations readily accessible. Whether held as a rental, explored for redevelopment or incorporated into a longer-term investment strategy, this property combines an established home with a large inner-city parcel, outstanding views and meaningful future potential.