Ideally situated across from Bannerman Park, this well-constructed & meticulously maintained raised bungalow offers exceptional versatility & income potential. Set on a mature, level, & landscaped lot with excellent sun exposure, the property also features a large detached garage (2013) with electrical & drive-in access, accommodating 2 full-sized vehicles. Currently configured as 2 spacious flats, the upper-level main floor offers a generous living room with propane f/p, adjoining dining room featuring beautiful millwork, including fireplace mantle, pillars & wainscoting, & an eat-in kitchen with direct access to the large rear patio & garden. 3 well-proportioned bedrooms (one currently used as an office/den with f/p) & a main 4pc bath complete the level. Additional storage, laundry & a powder room are conveniently located on the lower level. The bright & spacious lower-level flat is equally impressive, featuring oversized windows, a separate covered entrance, large living room, dining room, eat-in kitchen, 2 well-proportioned bedrooms, full bathroom, separate laundry & storage. Numerous upgrades include mini-splits installed in 2025 (2 heads upstairs & 1 downstairs), interior painting throughout (2025), exterior painting (2026), & a furnace ~5 years old, complete with a service contract. A detailed list of improvements is available upon request. The main level is vacant & ready for occupancy, while the lower flat is occupied by excellent tenants at $1,575/month POU on a month-to-month basis. Within walking distance to the downtown core, Rennie's River Trail system, Churchill Square & Memorial University, this is an outstanding opportunity for investors seeking rental or vacation rental potential, or homeowners looking to offset their mortgage with rental income. Easily converted back to a single-family home for those seeking additional living space! No conveyance of offers until Tuesday, November 17 @ 12:00pm & left open for acceptance until 5:00pm the same day. (id:60457)