A great opportunity for investors, first-time buyers, multi-generational families, or renovators looking to create value in a sought-after Alliston location! Welcome to this detached home nestled on a private ravine lot in the heart of Alliston. The layout provides excellent functionality, privacy, and income potential. The main floor features a open concept living and dining area, convenient main floor 2-piece powder room, and direct access to the 1 car garage. Plenty of cabinet space and Stainless Steel appliances , step outside to the massive rear deck, surrounded by mature trees and lush greenery, creating a wonderfully private setting ideal for entertaining or relaxing. Upstairs, you'll find three good-sized bedrooms, Upper Laundry and a 4-piece bathroom, providing comfortable family living space.The lower level offers an exceptional opportunity with a legal one-bedroom + den apartment, complete with a separate rear entrance and private yard space. The property has previously generated approximately $2,600/month for the upper portion and $1,700/month for the lower unit, offering an attractive rental history and income potential for investors or buyers looking to offset their mortgage costs. Located within walking distance to shopping, restaurants, parks, and everyday amenities, as well as public, Catholic, and French Immersion schools, Minutes to HONDA and Walmart! This property offers the perfect combination of convenience, privacy, and potential.