161 Ranee Avenue, Toronto

Stunning, updated, and ideally locatedthis 3+2 bedroom, 4-bath bungalow offers the perfect blend of comfort, convenience, and income potential. Situated on a generous lot backing onto the park, this home is thoughtfully designed with two kitchens, ideal for multi-generational move in a location that delivers. living or a turnkey rental setup. The basement has a strong rental history and has never been vacant. The main kitchen has been recently updated, and two additional bathrooms were added in 2015bringing the total to four well-appointed bathrooms, making this home truly incomparable. new floors (2025), new light fixtures (2025), and a new oven in the basement (2024). Theres A long list of recent upgrades includes a new roof (2023), furnace (2019), fresh paint (2025), also excellent parking and ample storage throughout. Enjoy the benefit of a landscaped lot (with side-tree removal in 2022) and a fantastic Walk Scoresteps to TTC, Yorkdale Mall, and just minutes to the subway. Whether you're looking to live, invest, or both, this is a smart opportunity. (id:1945) Additional on-site details visible in the photos: - Charming covered front porch with railing, mature front tree and well-kept lawn; driveway and an attached garage provide excellent parking. - Bright tiled foyer with decorative stained-glass sidelight at the front door and a double closet for coats and storage. - Spacious living room with large front window, neutral finishes and area rug, offering good natural light and a comfortable layout. - Main-level bedrooms include one shown with two twin beds and another set up as a home office/vanity area by a large window — both with dark hardwood-look flooring that complements the home's neutral palette. - Hallway view shows the updated light wood-look flooring running through main circulation areas and sightlines into the updated kitchen. - Overall presentation highlights fresh paint, new contemporary light fixtures, and thoughtfully maintained interior finishes that support immediate move-in or rental occupancy.