Open House Saturday Aug 29th from Noon to 2pm! Rare oversized lot in the city! Big yard, flexible space and classic bungalow character come together on this .33-acre RM1-zoned property in Portland. Built in 1947, this charming bungalow offers an exceptionally large backyard, multiple outdoor entertaining areas and potential future development possibilities—all increasingly hard to find in the city. The expansive backyard is the star, with a private covered patio, waterfall-style water feature, firepit area, mature landscaping and a huge open lawn with room to garden, play, entertain or create something entirely your own. Inside, you'll find a comfortable main-level floor plan with a spacious living room and kitchen featuring laminate flooring, a pass-through to the living room and eating bar. Hardwood floors likely under the wall-to-wall carpet throughout the main level. The finished basement adds substantial additional living and recreation space—perfect for a media room, hobbies, music, home gym or flexible living space. Major updates include a new gas furnace and gas water heater in 2025, plus vinyl windows. All appliances stay, including the washer and dryer. A detached single-car garage, carport and tool shed provide additional parking, workspace and storage. Conveniently located near shopping, restaurants and everyday amenities, with quick access to I-205 and major Portland-area routes. A classic Portland bungalow with a truly exceptional yard and possibilities rarely found on an in-city lot. Buyer to perform due diligence regarding development and redevelopment potential. New driveway concrete. Minutes from freeway access I-84 and I-205. [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10251419]