Attention investors, developers, and first-time buyers, this is the kind of property that checks multiple boxes. Welcome to this well-maintained bungalow in the established community of Thorncliffe, sitting on a great lot with front green space views and rear lane access. Whether you're looking for a move-in-ready home, a future suite conversion, or a long-term hold, this one has real potential. The main level features warm oak hardwood flooring throughout the bright living and dining areas, with a functional layout that includes three spacious bedrooms and a full 4-piece bathroom. Natural light pours in, making the space feel open and inviting. The separate rear entrance gives you immediate flexibility. The basement includes one bedroom, a spacious layout, and a 3-piece bathroom, making it well-suited for future development or additional living space. Big-ticket updates are already done. The home features newer basement windows (2023), new upstairs windows (2024), a high-efficiency furnace (2023), a 200-amp electrical panel (2024), and a newer roof on both the house and garage. That’s a lot of expensive work you don’t have to deal with. Outside, you’ll find a large backyard with a deck and an oversized 26' x 25' double garage, along with additional parking off the alley. There is also convenient street parking right out front. Location is solid. You’re close to schools, parks, transit, and the Thorncliffe community centre, making it attractive for both end users and tenants. A property like this gives you options, live in it, rent it out, or hold and redevelop down the road. Opportunities with this kind of flexibility don’t come up often in this price range.