Discover this exceptional 1.4-acre property, comprised of three tax parcels (R314276, R314282, and R314267), offering an unparalleled development opportunity in Portland. With two parcels zoned R10 and the largest zoned CM1, this versatile property is ideal for residential or mixed-use projects. The existing home features 3 bedrooms, 1 bathroom, and bonus space, making it livable or rentable while you plan your vision. Whether you want to live in the home while building additional units next door, create the ultimate shop space for your small business, or craft an innovative mixed-use project, the possibilities are endless. Conveniently located just minutes from the vibrant Alberta Arts District, with its eclectic shops, restaurants, and galleries, as well as the scenic Columbia Slough Trail and iconic parks like Peninsula Park, this property also boasts easy access to downtown Portland, public transportation, and major freeways. Builders, developers, and investors'don't miss this rare opportunity to bring your vision to life.