Welcome to 78 Arjay Cres, located on the coveted Arjay Crescent. This property offers breathtaking views overlooking the ravine, Rosedale Golf Club, and the city. The irregular L-shape of the lot widens to 187 feet in the rear, providing exceptional development potential. Whether you choose to move in, renovate the existing bungalow, or build your dream home, all necessary paperwork and permits for constructing a new home are complete, allowing for immediate construction. The future build will seamlessly combine modern design with the tranquil ravine setting, providing 9,269 sqft above grade, 6 + 2 bedrooms, an office on the main floor, and a lower level with a home theater, gym, recreation room, and ample storage space. The property also features a double-ceiling family room with walk-out access to a large patio overlooking the ravine, which is complete with a pool and cabana. Additionally, there is underground parking with a capacity of 10 cars. This prime location is just minutes from renowned private schools, Granite Club, shops, and eateries. This is a must-see opportunity!