748 Rae STREET Investor alert or first-time buyer opportunity! This solid 852 sq ft infill bungalow offers great value with suite potential and a detached garage. Built in 1963, the home features two bedrooms on the main floor and a finished basement with a third bedroom, second bathroom, rec room, laundry area, and a second kitchen setup, plus a separate back entrance for flexible use. The furnace (2022) and water heater (2023) have been upgraded, and the home also includes central air conditioning. The foundation appears solid, and the home sits level throughout. All appliances are included with the sale. Outside you’ll find a fenced yard, patio space, and a single detached garage with newer shingles, plus parking off the alley. Located on a quieter block near the edge of Washington Park, this property is tucked away from high-traffic areas yet offers easy access to Lewvan Drive and downtown. A clean, functional home at a price point that makes sense—use as a personal residence with mortgage helper or add it to your revenue portfolio. The basement currently rents easily at $900/month, which could be increased to over $1000/month by adding an additional basement bedroom! (id:203)