Welcome to 2504 14th Street East, a well-maintained 1,208 sq. ft. bungalow in the desirable Greystone Heights neighbourhood, overlooking the open University lands. This versatile property offers five bedrooms, two bathrooms, and a beautifully renovated legal basement suite, making it an excellent opportunity for homeowners seeking mortgage-helping income or investors looking for a turnkey revenue property. The main floor features three spacious bedrooms, a bright and functional layout, and original hardwood flooring throughout much of the living space. Most windows have been updated to PVC and are complemented by custom blinds. The kitchen includes a vented range hood and convenient access to the rear deck, complete with a BBQ gas hookup. Additional features include updated light fixtures and a cozy wood-burning fireplace with a gas hookup available on the exterior wall for future conversion. The legal basement suite was completely rebuilt in 2019 after the basement was fully gutted to the foundation. Extensive renovations include a new engineered wood basement structure within the concrete foundation, spray foam insulation on exterior walls, acoustic insulation between floors, new windows and window wells, framing, staircase, drywall, electrical, LED lighting, HRV system, plumbing, fixtures, in-floor sewer lines, and sump pump. The suite is finished with luxury vinyl plank flooring, a custom Superior Millwork kitchen with built-in dishwasher and vented range hood, a modern bathroom, and in-suite stacking laundry. A separate laundry, mudroom, and storage area with cabinetry and sink are reserved for the main floor occupants. Separate utility meters allow tenants to pay their own utilities, enhancing the property's investment appeal.