LOCATION!!! Fantastic Bungalow on a Generous 50 x 150 Lot Endless Potential Awaits! This is an exciting opportunity to own a property with an approved permit to build a luxurious home with 4,460 sq ft above ground and an additional 1,796 sq ft in the basement, Architectural drawings are available upon request, offering a clear vision for your dream home or a prime investment opportunity. The existing bungalow, currently in good condition, features 3+4 bedrooms, sun-filled rooms, and an open-concept living space on the main floor. The separate entrance to the basement, complete with 4 bedrooms and 2 baths, provides excellent potential for extended family living or rental income. The previous tenants were paying $3,000 for the above-ground space and $2,000 for the basement, bringing in a total of $5,000 in rental income.. Step outside to a beautiful backyard with a wooden deck and a spacious wood shed. The location is unbeatable, with walking distance to schools, easy access to bus stops, and proximity to the GO Station. Plus, there's ample parking with 8 spaces in the driveway. Whether youre looking to rebuild, invest, or move into a home with fantastic potential, this property is not to be missed!