Welcome to 127 South Kingsway, a charming corner-lot bungalow in the heart of Swansea offering flexibility, income potential, and exciting future possibilities in one of Toronto's most loved west-end neighbourhoods. Set on a generous lot with approximately 50 feet of frontage and depths exceeding 100 feet, this property appeals to end users, investors, and those dreaming of a custom build.The home offers a welcoming blend of comfort and character, featuring two bedrooms with a walk-out to the deck, a bright and functional eat-in kitchen, and an inviting living and dining area ideal for everyday living. Thoughtful touches such as stained glass windows add character, while recent updates including fresh paint throughout, new flooring on the main level, and updated light fixtures make the home move-in ready. A separate side entrance leads to a self-contained basement suite with one bedroom, a living area, full kitchen with new stove, and a large bathroom, making it well suited for rental income, extended family, or multi-generational living. Major improvements provide peace of mind, including updated electrical, new furnace (2023), and newer roof (2019). Outdoor upgrades include a new fence and deck, while parking is a valuable highlight. The property currently features a large detached single car garage (13 feet wide x 27 long) with the potential to be reconfigured for tandem parking to accommodate two vehicles, plus two additional driveway spaces. Bonus! This home also qualifies for a rear garden suite under the City of Toronto's as-of-right garden suite program, subject to permits and approvals, with a potential build size of up to approximately 1,291 square feet over two storeys. The corner-lot setting, generous frontage, and secondary street exposure make this a prime lot for a custom home, a smart long-term hold, or a property that can evolve over time. Ideally located close to Humber River trails, parks, schools, transit, and everyday amenities.