Charming opportunity at 47 Gracefield Ave! This detached all-brick bungalow sits on a generous 50 x 123 ft lot and has been maintained over the years by its original owners. Offering 3 bedrooms and 2 bathrooms, the home features solid construction and excellent bones-an ideal opportunity for renovators, investors, or buyers looking to personalize and refresh. The interior has been freshly painted and features new broadloom in the living and dining areas. The basement offers excellent additional living potential, featuring a spacious rec room with a wood-burning fireplace, a kitchenette, and an open area off the rec room that could be enclosed to create an additional bedroom in the future. With a separate side entrance and a walkout to the backyard, this space is well-suited for an in-law suite, extended family living, or future income potential. Enhancing the home is a custom 3 season sunroom addition at the rear, offering a light-filled environment ideal for gardening or a versatile bonus space. The exterior provides exceptional parking and storage, with a detached two-car garage and a private driveway accommodating at least six vehicles in tandem. Set in a desirable North York location, this property presents outstanding potential-whether to renovate, invest, rent as-is, or build long-term equity.