Welcome to 571 O'Connell Road. Nestled in Peterborough's desirable South end, this all-brick bungalow pairs classic character with thoughtful modern updates. Completely turnkey and beautifully maintained, this home offers excellent layout flexibility and income potential. The bright main floor features an updated kitchen, spacious living areas, and a versatile den with elegant French doors-ideal as a third bedroom, formal dining room, or home office. The sliding barn-style French door adds stylish separation and functionality to the main level. Downstairs, the fully finished lower level features a separate side-door entrance leading to excellent additional living space, complete with sound-insulated ceilings, a large bedroom with a tilt-and-turn egress window, a spacious family room, plenty of storage, and a full bath. Its independent access makes it well suited for an in-law suite, guest accommodations, multi-generational living, or those seeking income potential. Other updates include: New A/C (2022), updated front and side entry doors, new interior doors and fixtures, hands-free smart sensor lighting in the stairwell and laundry area, and a refreshed front porch railing, shed, and landscaped garden oasis. With 4 bedrooms, 2 full baths, and close proximity to schools, parks, shopping, and transit, this home offers exceptional versatility for a wide range of buyers. Whether you're a young family looking to build memories, a retiree seeking comfortable, low-maintenance living, or someone searching for flexible living arrangements, this home presents outstanding value and endless possibilities.