Property Information:

Tucked away on a quiet, tree-lined street, this charming bungalow is the perfect blend of comfort & investment potential with a regulation 2-bedroom basement suite. Offering flexibility for buyers wanting to live up & rent down or add a solid property to their portfolio. Over the years, this home has seen MAJOR structural and mechanical upgrades for peace of mind. Highlights include a full basement lift and new foundation (2011), updated sewer line (2011), new shingles on both house and garage (2025), and newer windows (2013) in several areas. Inside, you’re greeted by a bright eat-in kitchen with plenty of cabinet space and natural light—perfect for morning coffee. Head into the living room, where beautiful hardwood floors add warmth and character. Down the hall, you’ll find three comfortable bedrooms, each with generous closet space, and a full 4-piece bathroom to complete the layout. The basement suite is spacious and well-designed, featuring large windows, two good-sized bedrooms with big closets, and a welcoming living area that feels open and bright. The suite also has separate heating (electric down, gas up) and two updated electrical panels, ensuring comfort and efficiency for both units. Both suites come equipped with appliances—two fridges, two stoves, and shared washer and dryer—making this a truly turnkey opportunity. Outside, enjoy a large yard with alley access, a single detached garage with a newer roof, and space to expand or build bigger in the future. The yard is partially fenced, offering a balance of privacy and potential. Property currently generates $1,875 per month ($1,100 up, $775 down). Landlord pays water and gas; tenants cover power. Located in desirable Arnhem Place, close to schools, parks, and downtown—easy to rent and even easier to love. Whether you’re an investor, first-time buyer, or looking for a mortgage helper, 2440 McAra Street is a smart move. (id:27)