A rare and unique opportunity in Old Bowmanville for downsizers, investors, and custom home builders alike. This property offers significant flexibility: Move into the current, updated bungalow, purchase, hold, and rent as a long-term investment, construct your dream home on the deep, premium lot or utilize recent Planning Act changes to build up to three residential units on a single property, either within the main structure, a separate accessory building, or a combination of both. The charming bungalow is situated on a 58.45 ft x 181 ft lot, within walking distance to local amenities and features an updated kitchen with a large island, quartz counters, stainless steel appliances, and a walkout to a back deck and private rear yard. Open-concept living room, formal dining room with original pillared entry (can be converted into a second bedroom). Large primary suite with a walk-in closet and stackable main floor ensuite laundry, modern three-piece bathroom with a large glass shower with rain head. Exterior entry to basement (lower head room/not suitable for finishing). High-efficiency forced air gas heating and central air conditioning. Don't miss this opportunity in a prime location a stone's throw to all downtown shops and amenities mins to 407/401 and under 1 hour to downtown Toronto.