Welcome to this spacious hillside bungalow in the highly sought-after community of Lake Bonavista Downs, offering exceptional versatility and outstanding revenue potential. With over 2,000 sq. ft. of developed living space, 4 bedrooms, 2 full bathrooms, and an illegal basement suite with a separate entrance, this property is an excellent opportunity for investors, multi-generational families, or buyers looking for a mortgage helper. The bright and functional main level features a spacious living room highlighted by a cozy wood-burning fireplace, a generous kitchen with adjoining dining area, three well-sized bedrooms, and a full bathroom. The fully developed lower level offers an illegal suite complete with its own kitchen, living area, bedroom, full bathroom, den/flex room, separate entrance, and shared laundry, providing excellent flexibility for extended family or rental income. Step outside to enjoy the private, beautifully treed backyard, an ideal space for relaxing, gardening, or entertaining. The oversized double detached garage with rear lane access provides plenty of room for vehicles, storage, or a workshop. Notable improvements include windows and the hot water tank. Perfectly situated on a quiet, low-traffic street just steps from parks and green space, this home is conveniently located near schools, Fish Creek Provincial Park, Southcentre Mall, public transit, recreation facilities, and a wide variety of shopping, restaurants, and everyday amenities. Whether you're looking to move in, renovate to suit your personal style, or add a solid investment property to your portfolio, this is a fantastic opportunity in one of southeast Calgary's most established and desirable neighbourhoods. Book your private showing today!