(N2 ZONING that permits with a maximum cap of 6 dwelling units per building as-of-right.). Welcome to this bungalow in the highly desirable Parkway Park neighbourhood, offering exceptional versatility for investors, multi-generational families, or owner-occupants seeking additional income. The main level features three generously sized bedrooms, a full bathroom, a bright and functional kitchen, and an open-concept living and dining area filled with natural light. The fully finished lower level includes a spacious bedroom, a full bathroom, a second kitchen, and a large recreation room, making it ideal for an in-law suite or potential secondary rental unit. Situated on a generous 53 ft lot with an expansive backyard perfect for entertaining and ample parking for multiple vehicles, this property is conveniently located just minutes from Highway 417, Algonquin College, College Square Shopping Centre, public transit, parks, schools, and all essential amenities, with downtown Ottawa only a 10-minute drive away. Currently rented for $3,600 per month, the flexible layout offers excellent income potential with the possibility of renting the upper and lower levels separately. A rare opportunity to own a home that combines comfort, convenience, and outstanding investment potential in one of Ottawa's most sought-after neighbourhoods. (Current Tenants are vacating the property on 31st September)