Welcome to 220 Homewood Avenue, a rare gem on a premium 50 x 132 ft lot in the heart of North York's vibrant Newtonbrook West. This charming, move-in-ready 3+2 bed, 2 bath brick bungalow offers unmatched versatility for families, investors, or builders looking to live in, rent out, or redevelop in a thriving neighbourhood that is close to everything (TTC, GO Transit, Yonge Street, Centrepoint Mall and much more). Enjoy a bright, lovingly cared-for home, by long-term owners that features an open layout with hardwood floors, a large eat-in kitchen, and a fully finished basement with a separate entrance perfect for rental income ($5,000+/month for the home) or multigenerational living. Step outside to a new cedar deck and private, fully fenced backyard, ideal for entertaining or relaxing. Huge yard that could easily accommodate a swimming pool, auxiliary unit for rental or family, or both. Recent upgrades, including a new roof (2023), furnace and A/C (2021), owned tankless water heater (2022), basement waterproofing, and new fencing, ensure peace of mind. Nestled on a quiet, tree-lined street, this home is just a 15-minute walk or 3-minute drive to Finch Station and the Finch GO Bus Terminal, offering seamless subway and bus access to downtown Toronto in 25-30 minutes, plus proximity to top schools, parks, community centres, and shopping. Don't miss this perfect blend of suburban tranquillity and urban connectivity!