Opportunity awaits with this spacious 3,500+ square foot property situated on a commercial lot, offering exceptional potential for redevelopment, a live/work opportunity, or restoration into a grand residence. Featuring a large concrete parking pad at the rear of the property, there is ample off-street parking for multiple vehicles, customers, or equipment. This five-bedroom, three full bath home is ready for renovation and offers endless possibilities for investors, business owners, or buyers looking to bring their vision to life. Enter through the impressive covered front porch into a welcoming foyer. The front parlor with a decorative fireplace is ideal for an office, library, or sitting room. The spacious living room features a second decorative fireplace and opens to a bright sunroom, perfect for additional living or workspace. A formal dining room flows into the kitchen, which includes an adjoining room that would make an excellent breakfast or morning room. Two staircases-one from the front foyer and one from the rear of the home-provide convenient access to the upper levels. The second floor includes four bedrooms (two tandem), a full bath, a laundry room, and an office. The third floor offers a fifth bedroom with an open closet and a third full bath. The full basement provides abundant storage space. Located just minutes from Lake Erie, this property is conveniently close to parks, shopping, restaurants, public transportation, and freeway access. Enjoy easy access to the Waterloo Arts District, Downtown Cleveland, and University Circle. Whether you're looking to renovate, repurpose, or redevelop, this unique property offers tremendous potential in a convenient location.