Located in the desirable Lancaster neighborhood, this legally suited 1,249 sq. ft. raised bungalow offers an unbeatable location across from a park and green space, within walking distance to St. Francis of Assisi School. Plus, it's just minutes from the Collicutt Centre recreational facility and nearby shopping, making it perfect for families and tenants alike. The main level features a bright and spacious layout with three bedrooms and a well-appointed kitchen with ample cabinetry, a raised breakfast bar, and a large pantry. Convenient main-floor laundry hookups add to the functionality. A charming front veranda and a large back deck provide great outdoor living spaces. The separate basement suite is bright and welcoming, offering two generously sized bedrooms, a kitchenette with a sink and fridge, and in-floor heat roughed in. Additional highlights include ample parking and immediate possession available if the buyer is willing to assume the current tenants. Upgrades include new shingles (2021), a newer furnace (2015), a hot water tank (2018), and updated vinyl tile flooring upstairs (2014). Don't miss this fantastic investment opportunity in a prime location!