Welcome to 15 Gregory Place! This solid brick semi-detached bungalow features a rare, fully updated lower level with a separate entrance, offering tremendous income potential as a premium basement rental suite or an ideal in-law setup. Perfectly situated on a quiet cul-de-sac in a highly desirable, family-friendly St. Thomas neighbourhood, this home is just steps from local schools and daily amenities. Perfect for buyers looking to offset their mortgage or investors wanting to expand their portfolio, this home delivers exceptional value. The main level features updated interior doors, modern light fixtures, and a refreshed kitchen complete with wood cupboards and updated countertops. The spacious primary bedroom features a large closet for ample storage. Several improvements have been done over the years, including updated windows in the upstairs living room and bedroom, a new roof, an updated electrical panel, and a new furnace and A/C unit. The lower level is a standout feature of the home, showcasing a bright secondary living space with its own full kitchen equipped with wood cupboards and updated countertops, alongside a modern bathroom finished with a granite countertop and a custom-tiled walk-in shower. Two versatile downstairs rooms offer flexible functionality, including one equipped with a large walk-in closet. The exterior offers exceptional peace and privacy with the unique advantage of no rear neighbours. It features an updated single detached car garage providing excellent storage or parking, alongside a private backyard complete with a concrete stone patio that is perfect for relaxing or entertaining.