Beautifully renovated semi-detached raised bungalow in the highly sought-after Erindale pocket! This turn-key 3+2 bedroom, 3-bathroom home offers the perfect blend of comfortable family living and income flexibility, with a completely separate basement entrance ideal for an in-law suite or rental income. Currently partially vacant, offering flexibility to move in right away or set up rental income immediately.The bright, spacious upper level features vinyl flooring throughout, an upgraded eat-in kitchen, and a primary bedroom with a rare 3-piece ensuite - move-in ready with nothing to do but unpack. The lower level offers a massive, fully self-contained 2-bedroom suite complete with its own kitchen, full bathroom, separate laundry, and large above-grade windows - perfect for extended family, guests, or rental income to help offset your mortgage.Based on estimated market rents, the lower level offers strong potential income, with a projected cap rate of approximately 6.4%+ and estimated gross rental income of $57,600/year (buyer/buyer's agent to independently verify all figures).Unbeatable location: walk to the University of Toronto Mississauga (UTM), Erindale Park, top-rated schools, and enjoy direct transit access to Square One. A rare find - a beautifully finished home with built-in flexibility for family or income. Book your showing today!