SUBSTANTIALLY REDUCED TO REFLECT MARKET & SELLER MOTIVATION. A remarkable opportunity to own a large freehold property on desirable Allison Rd in the prestigious University Endowment Lands (UEL). Build your own dream home with mountain & ocean views on this bright, west-facing level lot or enjoy the large 5 bed/5bath modernized character home that currently graces this property. Investment / redevelopment potential are strong being exempt from Heritage Assessment guidelines, Empty Homes Tax and tree bylaws under the UEL Community Plan. The opportunities of this unique property are endless and with no back lane at the quiet end of Allison Rd, this is one of the safest neighbourhoods in the city - steps to Pacific Spirit Park; walking distance to transit & UBC.