Perched atop Tolmie St, just north of 4th and steps from the beach, walking trails, and UBC, this elegant 1936 home offers a rare blend of history and potential. Lightly updated by John Henshaw Architects in the 1980s, it sits on a prestigious 66 x 165-ft lot (10,900 sq ft) with sweeping views of the water, city skyline, and North Shore mountains. The near-flat terrain, with access from both the front and rear lanes, opens the door to endless possibilities under new design guidelines for single or multi-family development. The garden, a thoughtfully curated tapestry of flora and sculptural art, reflects decades of care. Surrounded by architectural trophy homes and privately situated, this is an unparalleled opportunity to create something extraordinary. Priced sharply to sell.