Charming loft-style bungalow on a prime corner lot directly across from East Lynn Park! This unique home features a 13' vaulted ceiling, a skylight that bathes the living space in natural light, hardwood floors, and two fireplaces, creating an airy and inviting atmosphere. Freshly painted throughout, the main level offers a spacious, open-concept layout ideal for family gatherings and entertaining.The REAL highlight is the income-generating potential and flexibility this home offers. The lower level boasts a newly renovated in-law suite with above-grade windows, a separate entrance, a modern kitchen, and new vinyl flooring perfect for generating rental income or accommodating multi-generational living. This space provides an excellent opportunity for homeowners seeking mortgage support or those who need extra room for family members.Situated on a corner lot with great development potential, this property is primed for the addition of an accessory dwelling, whether a laneway house or garden suite (Lanescape report available). With 2-car parking, a private backyard with a shed, and beautifully landscaped yards, this home offers comfort and convenience. Enjoy being a 10-minute walk to either Coxwell or Woodbine Subway stations, within the sought-after Earl Haig school district, and steps away from shops, cafes, and a weekly farmers market. A rare gem with endless possibilities!