Welcome to 2141 Fraser Ave, an exceptional investment opportunity! This FULLY UPDATED 2 bed 1 bath, 819 sqft. rancher sits on a 4,026 sqft. lot already zoned for low-rise apartments, offering outstanding future redevelopment potential. Buy and hold as an investment, or move in & enjoy while waiting for a future land assembly. Over $100,000 has been invested in quality updates, including new flooring, appliances, paint, blinds, electrical, lighting & a fully rebuilt detached garage. The functional layout features a spacious living area, a generous primary bedroom, and a beautifully updated kitchen. Enjoy a great-sized, fully usable yard with convenient lane access. Ideally located with easy access to major routes, transit, SkyTrain, West Coast Express, shopping, and everyday amenities.