Discover the allure of 42 Peter Street North, a beautifully updated bungalow located in the sought-after Port Credit community. This picturesque lakefront community is renowned for its walkability and charm. Just a leisurely walk from Lake Ontario, scenic waterfront trails, and the marina, this exquisite home offers over 2,000 sq. ft. of living space. The main level features an open-concept design with a gourmet kitchen boasting quartz countertops, stainless steel appliances, and a breakfast bar, all overlooking a spacious living and dining area that leads to a private balcony. Relax in two generously sized bedrooms, including a primary suite with double closets and a cozy fireplace, complemented by a renovated 5-piece bathroom. Below, enjoy the convenience of a fully equipped in-law suite with a private entrance, perfect for family or rental income. Complete with a second kitchen, expansive rec room, an additional bedroom, a 3pc bathroom, and private laundry. Nestled on a quiet street in a family-friendly neighborhood, this home offers unparalleled convenience, with steps to Port Credit GO Station, top-rated schools, and a variety of trendy restaurants, cafes, and shops. Enjoy easy access to the QEW, 403, and the upcoming Hurontario LRT for seamless commuting. Whether you're seeking a home to live in, rent out, or invest in, this turn-key property presents an exceptional opportunity to embrace the Port Credit lifestyle.