Welcome to an absolute standout property in the established community of Ranchlands! Offering over 1,600 square feet of total developed living space, this home is a rare combination of a fully legal, city-registered walk-out basement suite, an oversized dream garage, and a massive yard making it an unparalleled opportunity for investors or those seeking versatile space with exceptional income potential. The main level is flooded with natural light and features a highly functional layout with three well-appointed bedrooms and a full 4-piece bathroom. The bright living room flows into the kitchen and dining area, while brand-new main floor windows (installed December 2024) ensure excellent energy efficiency and modern appeal. You will also enjoy the ultimate convenience of having your own dedicated main-floor laundry. Out front, the home features a dedicated tandem parking pad perfect for pulling right up to your door with groceries or welcoming friends and family. Downstairs, the fully developed legal suite is a true standout. Thanks to the walk-out design, this lower level is exceptionally bright and welcoming, completely elevating the rental potential and living experience. Accessed via a separate entrance, this self-contained space features a large family room, a dedicated full kitchen and dining area, a spacious fourth bedroom, and a 3-piece bathroom, along with the highly desirable independence of its own private in-suite laundry. To top it off, the suite opens up to its own private yard space, giving tenants or extended family an exclusive outdoor retreat while keeping your main yard completely separate. The outdoor amenities on this huge lot are second to none. Car enthusiasts, tradespeople, or hobbyists will fall in love with the massive oversized double detached garage. Built in 2021, this shop is fully loaded with 10-foot ceilings, an 8-foot high overhead door, full insulation, heating, and 220V power. Beyond the garage, the expansive yard offers plenty of room to enjoy, complete with a convenient outdoor gas line for your BBQ. Furthermore, additional street parking in the back provides incredibly easy access for suite tenants, keeping your front driveway clear. Located just minutes from local schools, parks, transit, and shopping, this property checks every single box!