Welcome to this truly unique property offering stunning ocean views and unparalleled flexibility near Simon Fraser University. Nestled on an expansive lot with unrivaled expansion potential including the possibility of building a new walkout basement residence. The solid 1950s structure boasts excellent insulation, new double-glazed windows, and modern vinyl plank flooring throughout. Its layout is a rental dream, featuring a highly versatile floor plan currently set up for multi-family living with up to six bedrooms, three full baths, and the potential for three separate living units, each with its own laundry. Enjoy a vibrant, low-maintenance outdoor space highlighted by multiple private entrances, stone-paved pathways, and a lush mature garden. exceptional income-generating opportunity.