Welcome to this exceptionally well-maintained raised bungalow in Ottawa's highly desirable Fallingbrook neighborhood, an ideal fit for first-time buyers, downsizers, multigenerational families, or savvy investors. Enjoy fantastic daily walkability to local parks, schools, grocery stores, and amenities, along with effortless commutes downtown via the nearby Trim Road LRT station. First-time buyers and downsizers will appreciate the peace of mind offered by major mechanical updates-including a newer roof (2023), furnace (2019), AC (2026), and some updated windows and patio door (2023)-all while maintaining a low-maintenance layout with a great-sized, fully fenced private backyard. Inside, the home boasts remarkable functional flexibility. The fully finished lower level is thoughtfully divided with dedicated living and sleeping quarters plus a full bathroom, making it perfectly suited for multigenerational living. Alternatively, with the addition of a kitchen and upgraded egress, this space presents an incredible income-generating opportunity as a secondary dwelling unit-allowing you to live comfortably upstairs while offsetting your monthly mortgage with rental income below. Detached bungalows in the area are exteremly rare, ones with a gararge and priced below 600k even more so!