Welcome to this rarely offered raised bungalow in the highly desirable Northgate neighbourhood, just a short walk to Professor's Lake. Owned and meticulously maintained by the same owner for over 40 years. This 2430sq.ft. 3-bedroom, 2-bathroom home offers exceptional long-term value, strong bones, and outstanding investment potential. The main level features a sun-filled living room with a south-facing balcony with views of the lake, flooded with natural light from morning to evening. The flow between the living room, dining area, and spacious eat-in kitchen is ideal for entertaining, with generously sized bedrooms offers comfort and functionality. The finished basement expands the living space and includes a large family room with a wood-burning fireplace and bar area, perfect for entertaining, relaxing, or accommodating extended family. The raised bungalow design allows for larger windows and improved ceiling height, enhancing the openness of both levels. While the home has not been renovated in recent years, it has been exceptionally well maintained, presenting a rare opportunity for value-add renovations, cosmetic updates, or customization over time. Ideal for end users, investors, or renovators looking to maximize potential in a high-demand area. This home presents a wonderful opportunity to settle into a well-established, family-friendly community while gradually updating a solid, thoughtfully designed property to suit your personal style. The layout is ideal for growing families, downsizers seeking one-level living with bonus space, or multi-generational households, offering flexibility, comfort, and privacy across both levels. Professor's Lake, just steps away, offers a sandy beach, scenic walking trails, paddle boating, playgrounds, and year-round recreational amenities. Conveniently located within walking distance to Brampton Civic Hospital, schools, transit, shopping, and everyday conveniences, easy access to major highways.