Situated just minutes from the Cold Lake Marina, shopping, and restaurants, this well-maintained bungalow with a legal basement suite offers exceptional versatility and value. The upper level features three bedrooms, laminate flooring throughout, a bright eat-in kitchen, and a generous living room warmed by a cozy wood-burning stove. A large main bathroom with a charming clawfoot tub adds character and comfort. The lower level for the main residence provides convenient laundry and additional storage. The self-contained basement suite, accessed through a separate entrance, includes two bedrooms, a spacious kitchen and dining area, comfortable living room with a gas fireplace, and a completely renovated bathroom. Recent updates include a new furnace, fresh paint, updated flooring, and bathroom improvements, making this home move-in ready. Outside, enjoy a large yard with back alley access, extra parking, and a substantial shed. An excellent opportunity for homeowners or investors.