This one-rai residential estate in the Chang Phueak area of Chiang Mai presents a significant redevelopment or investment opportunity featuring four existing structures on a 1,600-square-meter plot. The property comprises a total of nine bedrooms and nine bathrooms distributed across the four houses, which currently require remodeling or structural updates to meet modern standards. The architectural layout offers flexibility for a multi-family compound, a corporate home office, or a boutique rental project. Its flat terrain and city-center proximity make it suitable for land banking or professional developers looking to construct townhomes or luxury villas subject to local zoning regulations. The site is strategically positioned for daily convenience, located only 2 kilometers from Maya Lifestyle Shopping Center and the Nimman Haemin district, 3.5 kilometers from Chiang Mai University, and 5 kilometers from Maharaj Nakorn Chiang Mai Hospital. International schools such as CMIS and Singapore International School are accessible within a 15-minute drive, while the historic Old City is approximately 4 kilometers away. This location balances a quiet residential environment with immediate access to Chiang Mai’s primary commercial and medical hubs, offering consistent potential for capital appreciation and long-term rental demand in a high-demand urban neighborhood.