Welcome to this charming bungalow. Zoned R-CG on a 51' x 120' lot-whether you're a homeowner looking to settle in, an investor seeking strong rental potential, or a developer with an eye on future possibilities, this property offers the ideal opportunity. The main level features a well-thought-out layout with three bedrooms, a spacious living room complete with a wood-burning fireplace, and a bright kitchen and dining area. Original hardwood flooring lies beneath the carpet, offering an exciting opportunity to restore timeless character. Downstairs, the fully developed basement with a separate entrance adds tremendous value and flexibility. Enjoy a family room, wet bar, a fourth bedroom, den/home office, 3-piece bathroom, and abundant storage space—perfect for additional development/living space. Outside, the established yard serves as your private retreat, while the oversized, heated double detached garage is a dream for hobbyists, mechanics, or anyone needing extra workspace. A large rear parking pad provides ample space for extra vehicles or RV. Located close to schools, parks, shops, and public transit, this home offers both immediate comfort and exciting long-term development potential. Whether you're looking to live, rent, renovate, or rebuild, this is an exceptional opportunity you won’t want to miss. Book your private showing today and explore the possibilities this Forest Lawn gem has to offer!