Set on an exceptionally rare 0.58-acre pie-shaped lot in the highly sought-after Old University, this spacious raised bungalow offers privacy and versatility in an unbeatable location. The main level features 3 bedrooms and 1.5 bathrooms, filled with natural light and designed with an open, functional layout. There is no carpet throughout, and the impressive kitchen is complete with corian countertops, built-in appliances, an island with a granite counter, and excellent workspace. A substantial addition with vaulted ceilings extends the living area and is ideal for entertaining, or easily adaptable as an additional bedroom, office, home gym, or playroom. From here, walk out into a large three-season sunroom and covered patio overlooking this outstanding yard. The fully finished basement includes a legal, registered one-bedroom apartment (built in 2022) with a separate entrance from the backyard. Bright and welcoming with large windows, this suite offers a beautiful kitchen with pantry and ample drawers, fireplace, generous closet space, a den suitable for office or storage, and luxury vinyl flooring. The basement also provides convenient walk-up access to the garage. The backyard is truly one of a kind, private, fully fenced, and expansive, featuring a swim spa, large deck, flagstone patio, and covered seating area. It's an extraordinary outdoor retreat rarely found in an urban setting. Additional highlights include an instant hot water tank, central air conditioning, single car garage, aggregate concrete driveway and close proximity to schools, transit, shopping, restaurants, parks, groceries, the market, the GO Station, and easy access to Highway 6 and the 401. All appliances are included. Located on this quiet, mature and family friendly street, this property backs directly onto the Royal Recreational Trail and Moe Hill. It delivers a true cottage-like setting within the city. A must see!