Welcome to 515 33 Avenue NE, Calgary ? an incredible investment opportunity in the highly desirable community of Winston Heights/Mountview. This charming 1955 bungalow sits on a 50? x 115? (5,780 sq. ft.) RC-2 zoned lot, offering exceptional redevelopment potential in one of Calgary?s most sought-after inner-city neighbourhoods. The home features a functional layout with 4 bedrooms (2 on the main level and 2 in the basement) and 1 full bath, with recently renovated finishings that make it perfectly livable while you plan your future build. The main floor offers a bright living room, a spacious eat-in kitchen, and comfortable bedrooms, while the basement includes additional bedrooms and a large recreation space. The property also provides off-street parking with a rear lane, a partially fenced yard, and plenty of space for future development. Located in Winston Heights/Mountview, you?ll enjoy close proximity to schools, playgrounds, shopping, restaurants, golf courses, and easy access to major routes for a quick commute to downtown Calgary. Whether you are looking to hold as an investment, renovate further, or build your dream home, this property presents a rare opportunity in a prime location.