Fantastic Investment Opportunity or Perfect for Multi-Generational Families! Welcome to this beautifully updated bungalow featuring a separate legal 2-bedroom apartment, recognized by the Town of Georgina by an exterior placard, offering excellent income potential or the perfect opportunity to offset your mortgage. The bright and inviting main floor boasts a beautifully updated kitchen with quartz countertops, hardwood flooring throughout, and newer windows and doors. The spacious lower-level apartment features above-grade windows, a separate walk-out to a gorgeous patterned concrete patio and walkway and convenient shared laundry. Enjoy year-round comfort with a heat pump/AC system on the main level, complemented by electric baseboard heating and an electric fireplace downstairs (currently nonfunctional and in need of insert). Numerous updates and improvements include a newer roof (2014), upper-level windows (2015), patterned concrete patio and walkway (2017), new steps, retaining wall and backyard gate (2018), garage door and front door (2018), maintenance-free composite front deck with glass railings, fresh paint throughout the entire home (2026), newer hardwood flooring throughout the main floor (2020), heat pump/AC unit (2020), updated kitchen with quartz countertops (2020), new laminate in lower level bedrooms (2026). Ideally situated in a highly sought-after area, just a short 5-minute walk to the shores of Lake Simcoe, with easy access to public parks, and only minutes to Highway 404, schools, and everyday amenities. Whether you're searching for a spacious family home, a smart investment opportunity, or the perfect property to live in while generating additional rental income, this home offers exceptional versatility and endless possibilities. With its desirable location, income potential, and extensive updates, this is a rare opportunity to enjoy the best of both lifestyle and investment value in a fantastic Keswick neighbourhood!