Welcome to 3 Olive Street, a beautifully updated raised bungalow tucked away on a quiet dead-end street in the heart of Parry Sound. Offering three bedrooms, a thoughtfully designed main floor layout, and an impressive full basement with exceptional potential, this move-in-ready home combines modern updates with everyday comfort. Step inside to discover a bright and inviting living room that flows effortlessly into the dining area, creating an ideal space for everyday living and entertaining. The spacious eat-in kitchen offers ample cabinetry, updated appliances, and plenty of prep space. Patio doors provide a convenient walkout to the backyard deck, perfect for morning coffee, summer BBQs, and relaxing outdoors. The main floor features three comfortable bedrooms and a beautifully renovated 3-piece bathroom completed last year. Fresh paint throughout the home, including the walls, ceilings, trim, and closets, creates a bright, modern feel. The expansive lower level offers exceptional potential with nearly the entire footprint of the home available for storage or future finished living space. A wood stove provides efficient supplemental heat, while natural gas forced-air heating, a brand-new central air conditioner, new electrical panel, and brand-new owned hot water tank provide peace of mind for years to come. Outside, enjoy the privacy of having no immediate neighbours while relaxing in the spacious backyard complete with a deck and dedicated fire pit area, perfect for entertaining family and friends. Located just minutes from Georgian Bay boat launches, marinas, parks, the Fitness Trail, downtown Parry Sound, West Parry Sound Health Centre, shopping, restaurants, and everyday amenities, this property offers the perfect blend of convenience and peaceful living. Whether you're searching for your first home, looking to downsize, or dreaming of a year-round residence in beautiful Parry Sound, 3 Olive Street is ready to welcome you home.