SOUTH HILL REDEVELOPMENT/INVESTMENT OPPORTUNITY on a large 48' x 134' lot zoned R-M for multi-family. The property is located within walking distance of shopping, restaurants, downtown amenities, and Red Deer Regional Hospital. The existing 1.5 storey home has seen some recent updates including vinyl plank flooring, an updated kitchen with newer cabinetry, countertops, and appliances, plus a renovated 4-piece bathroom with updated tub, tile surround, and vanity. Other improvements include PEX plumbing lines and a high-efficiency furnace. The main floor offers a functional layout with two bedrooms, a bright living room, and spacious kitchen area. The upper level would be best suited for storage, hobby space, or a kids' play area. The basement remains unfinished but includes laundry and a walk-up exit to a covered exterior storage area with direct access to the backyard. Outside, the extra deep yard and rear alley access create flexibility for future development plans or parking. The R-M zoning and lot dimensions make this property well-suited for a range of future development configurations.