Opportunity knocks in Forest Lawn! This EXTENSIVELY RENOVATED bungalow sits on a massive 50' x 127' R-CG LOT - offering exceptional REDEVELOPMENT POTENTIAL alongside a fantastic income-generating opportunity today. The home features a FULLY LEGAL BASEMENT SUITE with its own SEPARATE WALK-UP ENTRANCE, plus additional basement access from the back, making it ideal for rental income, extended family, or multi-generational living. The main level offers a bright, functional layout with an expansive living room, a large primary bedroom with a 2-piece ENSUITE, two additional oversized bedrooms sharing a 4-piece bathroom, and a dedicated main-floor laundry and storage room. Vinyl flooring runs throughout for a clean, modern look. Downstairs, the LEGAL SUITE includes a comfortable living area, two good-sized bedrooms, and a full 4-piece bathroom and separate laundry - bringing the home to a total of 5 BEDROOMS and 2.5 BATHROOMS. Outside, a BRAND NEW DOUBLE GARAGE adds even more value and convenience. Whether you're an investor after strong rental returns, a multi-generational family, or a buyer eyeing long-term development potential on this generous R-CG lot, this Forest Lawn bungalow checks every box. Don't miss this rare combination of size, upgrades, and income potential.