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An incredible opportunity awaits first-time homebuyers or savvy investors looking to build instant equity in this legally zoned R4, suited detached modified bungalow to bi-level design. Originally built in 1948 as bungalow a major addition added as bi-level design. Oversized heated double garage completed around 2017, this property offers exceptional functional layout potential and a strong setup for revenue generation. Inside, you will find durable, easy-to-clean flooring consisting of a rich mix of hardwood, tile, and vinyl plank throughout. The main level welcomes you with a foyer entranceway, a convenient hallway with half-bath, and main-floor laundry located in this area. A separate hallway connects the spacious living and dining room area to the impressive addition. The kitchen featuring granite countertops and a movable island pedestal. Tucked privately off the kitchen is the primary bedroom complete with an ensuite 5-piece bathroom featuring a jet tub. Stepping outside the kitchen, you will find a private deck area that overlooks the yard and offers direct stair access to the garage man-door. The lower level features a fully finished basement with its own private exterior entrance, as well as an interior connecting stairwell to the upper floor. It includes central utility space for the entire structure along with a separate living room, dining and kitchen areas, and 2 dedicated bedroom spaces—creating a fully defined living zone. Outside, parking and storage options are unmatched, boasting two front parking spaces, two additional spaces on the rear pad, and the oversized heated double garage. Key mechanical and exterior updates provide total peace of mind, highlighted by a solar panel system that drastically reduces or eliminates monthly power bills, central air conditioning, vinyl siding, a roof updated approximately ten years ago, and a hot water tank replaced around seven years ago. The Furnace was replaced within the last year, Superbly located close to all local amenities with rapid access to Highway 2A and the QEII, this home sits just 20 minutes from Red Deer, less than an hour from Edmonton International Airport, and roughly one hour from Edmonton city limits. Whether you bring a few cosmetic touch-ups to transform this into a high-yield income producer or utilize the unique layout to give adults and teenagers their own distinct living levels, this versatile property is a rare find.