Welcome to 50 Mooregate Ave! This spacious and well-maintained 3+3 bedroom, 3 full bathroom solid brick bungalow sits on a premium 51.87 ft mature lot backing onto Jack Goodlad Park in a highly sought-after Scarborough neighbourhood. The bright and spacious open-concept main floor is perfect for entertaining, featuring a brand new kitchen, generous principal rooms, newer flooring (2022), updated bathrooms, pot lights, and a beautifully renovated main bath with his-and-her vanities and convenient ensuite laundry. The separate side entrance leads to a basement with above-grade windows, separate laundry, ample storage, and exceptional income potential. The basement previously generated approximately $3,600/month in rental income. Enjoy the extra-large private backyard with a spacious deck, perfect for outdoor gatherings, along with an oversized driveway offering plenty of parking. Conveniently located within walking distance to transit, with easy access to Kennedy Station, LRT, GO Train, and just 17 minutes to Union Station via GO Transit. Close to schools, parks, shopping, banks, No Frills, Shoppers Drug Mart, restaurants, and all amenities. A fantastic opportunity for families, investors, or those seeking income potential-don't miss this one!