Investors & Developers Knock! Exceptional income producing asset with huge future development potential! Welcome to this 3+1 bedroom bungalow with Walkout Basement situated on a prime 85'x118' lot in a highly sought-after community of Britannia Heights. Currently offering excellent flexibility, you can decide whether you want to keep it operating as a duplex-style (generating approximately $4000 rental income) or redevelop in the future. New zoning is MS2, allowing for high-density development with a maximum building height of up to 20m.The main floor offers 1,394 sq. ft. living space (as per MPAC) features quality finishes & numerous updates. The spacious, sun-filled eat-in kitchen offers solid wood cabinetry, SS appliances and abundant counter storage space. Conveniently open to the dining area, it creates a warm inviting space for family meals & entertaining. The bright elegant living room features a fireplace, providing a comfortable setting for relaxing & gatherings. Three generously sized bedrooms and a full bathroom complete the main level. The spacious primary bedroom provides direct access to a large deck overlooking the beautiful backyard, perfect for a morning coffee, afternoon tea, BBQs or enjoying a peaceful sunset. A separate entrance leads to the recently renovated lower level, featuring an oversized kitchenette, spacious bedroom, living room, den, full bathroom& laundry area. This flexible space is ideal for extended family or additional income. Step outside to your private backyard retreat, complete with mature trees, perennial gardens, and multiple decks, offering plenty of space for outdoor relaxation & entertaining. Recent updates (2026), fresh paint throughout, lighting fixtures, vinyl flooring, basement kitchenette, bathroom vanity etc. Whether you're looking for an income-producing property, a flexible multi-generational home, or a future development potential, this is an opportunity worth exploring! (id:24093)