Step into 122 Ivy Ave, a renovated and exceptionally spacious family home on a quiet, one-way, tree-lined street in one of Toronto's most beloved east-end neighbourhoods! From the charming front porch to the sun-filled interior and lush backyard, this home perfectly blends comfort, character & convenience. The open concept main floor features spacious living and dining rooms with hardwood flooring and a cozy gas fireplace, creating a warm, inviting atmosphere ideal for family life & entertaining. The large chef's kitchen boasts ample cabinetry and countertops, stainless steel appliances, a separate coffee/bar area with an add'l sink and sliding glass door walk-out to rear deck and landscaped patio garden. The newer deck features a gas line for BBQ and overlooks mature trees & perennial plants. Bonus main floor powder room. An ultra-cool loft-like staircase leads to a sumptuous primary bedroom retreat offering soaring cathedral ceilings, custom built-in closets, a gas fireplace and walk-out to balcony. Two additional bedrooms with closets, windows & hardwood flooring. The 2nd floor also features a renovated 4pc bathroom with a marble-tiled shower, built-in vanity & sep linen closet. The 3rd floor loft retreat is perfect as a family room, office or extra bedroom. Skylights throughout fill the home with natural light. The lower level adds flexibility with a self-contained income suite featuring sep laundry & a private rear entrance. A floor hatch connection from the main floor allows for an easy conversion back to single-family living, if desired. Enjoy an unbeatable location with rare 2-car laneway parking, lined with local favourites like Pilot Roasters Coffee, Quince flower shop, Avenue Road Furniture and the kid-and-dog-friendly Left Field Brewery - a neighbourhood gem! This home combines modern comfort with the allure of a close-knit community just steps to TTC. You don't want to miss this opportunity to live on one of South Riverdale's most sought-after streets!