Welcome to this beautifully updated 3-bedroom raised bungalow with a fully legal second suite, ideally located on a quiet street in the highly desirable Painswick neighbourhood. Sitting on an impressive 154' deep lot, this home offers a true cottage-like feel with a serene fish pond, flagstone patio, newer raised deck, and a charming garden shed-perfect for relaxing or entertaining outdoors. Inside, the main level features new hardwood floors, oak stairs with iron pickets, and an executive double-door entry that welcomes you into a bright, open-concept living and dining area filled with natural light. The newly updated eat-in kitchen includes a stylish mosaic backsplash and sliding doors leading directly to the deck. The main level is vacant, offering the perfect opportunity to move in and enjoy while the fully legal 2-bedroom basement suite provides outstanding income potential. The lower unit is rented to excellent tenants who are willing to stay, allowing you to significantly offset your mortgage from day one. With great curb appeal, modern updates throughout, private backyard use, and a prime location close to parks, transit, schools, and shopping-this property is the ideal combination of comfortable living and high-performing investment. A rare opportunity-shows 10+++ and won't last!