Prime investment and development opportunity in the heart of Ephraim! Situated on a spacious 0.45-acre lot zoned R3, this property offers exceptional potential for multi-unit development or future expansion. Located just minutes from Snow College, the property is ideally positioned for student housing, rental income, or long-term investment growth. The existing home provides immediate rental or owner-occupant potential, while the oversized lot creates opportunities to add additional units behind the home (buyer to verify all development possibilities with city zoning). A standout feature is the 60x24 detached 2-car garage/shop with power, offering ideal space for storage, a workshop or hobby space. Rare opportunity to own nearly half an acre with R3 zoning in a highly desirable central location close to schools, amenities and college traffic. Square footage figures are provided as a courtesy estimate only and were obtained from appraisal. Buyer is advised to obtain an independent measurement. Buyer and buyer's agent/broker to verify all information.