Located on a quiet street in the sought-after community of Renfrew, this charming bungalow offers fantastic investment potential with a legal basement suite. Just one block from Edmonton Trail, enjoy quick and easy access to Downtown, schools, parks, transit, and more. The main floor features 2 spacious bedrooms, a full 4-piece bathroom, in-suite laundry, and a bright living area. Notable upgrades include newer windows (2012), attic insulation (2012), and roof replacement (2012). The gas stove burner was replaced in 2019, ensuring a functional and efficient kitchen setup. No POLY-B, Furnace and hot water heater was replaced in 2022. The basement suite, with its own separate rear entrance and mudroom, is fully legal and conforming. It includes 1 large bedroom, a 4-piece bathroom, separate washer/dryer, and a generous living space with updated flooring (2018). Whether you're looking for a mortgage helper, income property, or future redevelopment potential, this home offers incredible value in a rapidly evolving inner-city neighborhood.