Diamond in the rough with incredible potential! Situated on a spacious level .62-acre lot in the heart of Canby, this 1930 bungalow offers a unique opportunity for investors, builders, or buyers ready to take on a renovation project. With approximately 2,348 square feet, 4 bedrooms, 1 bathroom, a bonus room, and plenty of space to reimagine, this property is ready for someone with vision to bring it back to life. The real standout is the generous lot with R-2 zoning, offering exciting possibilities for future development or redevelopment, subject to city approval. Whether you're looking to restore the existing home or explore the potential of the land, this property offers plenty of opportunity. Home is in need of significant repairs and will not qualify for traditional financing. Cash offers only. Buyer to perform their own due diligence regarding zoning, development possibilities, and property condition. Bring your imagination and see the possibilities!