Get ready to turn your home into an income asset! Set on a quiet, tree-lined street in the highly desirable community of Elmvale Acres, this charming & thoughtfully updated bungalow offers comfort, character & exceptional versatility, complete w/ a legal lower-level rental suite. The bright & spacious combo living & dining area are perfectly suited for both everyday living & entertaining. An oversized window floods the space w/ natural light while framing serene views of the mature streetscape beyond. The main floor offers a well-balanced layout w/ a generous primary bedroom, a second bedroom nearly equal in size, & a third bedroom that easily adapts as a home office or creative space. The renovated bathroom is bright & inviting, finished in a timeless palette. It features a beautiful jetted tub w/ combination shower, sleek vanity, tiled flooring & window for natural light. The renovated kitchen blends modern style w/ everyday functionality, features crisp white cabinetry accented by soft grey drawers, expansive quartz countertops, & a clean, contemporary design enhanced by tasteful open shelving; ideally blending functionality, practicality & beauty seamlessly. The lower level adds incredible value w/a legal suite rental suite, laid out w/ a defined bedroom area, a comfortable living space, eat-in kitchen, & full bathroom w/stand-up shower & combo washer/dryer. Keep great tenant or use for family, teenage retreat or multi-generational living. Also in the lower level is a separate & spacious utility room that houses the laundry area for the main floor & ample storage space. Step outside to the private backyard, surrounded by mature trees & offering a stone patio perfect to enjoy during the warmer months. A large garden shed provides additional storage for seasonal needs. Ideally located just minutes from the Ottawa General Hospital & CHEO, this home is also close to excellent schools, parks, shopping, transit, & everyday amenities. Some photos virtually staged.