Prime Development Opportunity in Central Revelstoke! 0.49-acre property offering 1,400+ sq. ft. with 2 bdrms, 2 baths, covered carport, and Shop/Garage. Located across from Southside Market and minutes to downtown. Ideal for investment or redevelopment. Option to purchase adjoining parcel at 413 Edward Street for a combined 1.10-acre assembly in a prime multifamily area. Fronting Edward Street near Fourth Street East with excellent access to transit, schools, shopping, and recreation. Gentle south slope with strong view potential; adjacent to an approved apartment project. Designated Medium Density Residential in the OCP, supporting rezoning to R-MD1 (Townhouse) or R-MD2/R-MD3 (Apartment/Townhouse). Updated 2025 Zoning Bylaw and streamlined provincial rezoning process provide clearer, faster approvals. A well-located, policy-supported multifamily development or investment opportunity with optional lot assembly to maximize potential. Direct link to the current OCP: https://revelstoke.civicweb.net/filepro/documents/?preview=198773 (see Section 4.6.2, page 66). (id:56537)