Welcome to 220 Homewood Avenue a rare opportunity in the heart of Newtonbrook West, North York. Nestled on a premium 50 x 132 ft lot, this charming brick bungalow offers exceptional flexibility: live in, rent out, or redevelop. Boasting 3+2 bedrooms, 2 bathrooms, a fully finished basement with separate entrance, and recent updates throughout, this move-in-ready home is ideal for growing families, savvy investors, or custom builders seeking value in a rapidly evolving neighbourhood. Inside, enjoy a bright, functional layout with hardwood floors, spacious living/dining, and a renovated eat-in kitchen. Downstairs, the basement suite offers income potential or multigenerational living flexibility. Step out to a new cedar deck and a fully fenced, private backyard, perfect for entertaining or relaxing with the family. With extensive recent upgrades (Roof 2023, Furnace & A/C 2021, Tankless Water Heater 2022, Basement Waterproofing, and New Fence), you can purchase with confidence. Located on a quiet, tree-lined street, just minutes from Finch Station, TTC/GO transit, top schools, community centres, parks, shopping, and more. Whether you're looking to live in, invest, or build your dream home, this is the one. Finished basement with separate entrance: Income/rental potential ($5,000+/month).