A remarkable opportunity to own a LARGE 13,800sqft freehold property on desirable Allison Road in the prestigious University Endowment Lands. Build your own dream home with mountain and ocean views from the upper level on this bright, west-exposed, level lot or enjoy the large 7 bedroom, 5 bathroom modernized character home that currently graces this property. Investment and redevelopment potential are strong being exempt from Heritage Assessment guidelines, Empty Homes Tax and tree bylaws under the UEL Community Plan. With no back lane and at the quiet end of Allison Road, this is one of the safest neighbourhoods in the city. Steps to Pacific Spirit Park; walking distance to transit and UBC, this listing offers incredible value!