Fully renovated bungalow with a large 1-bedroom self-contained basement suite in the heart of Mayfair, ideally situated close to schools, parks, and amenities. This charming home features 3 bedrooms, 2 bathrooms, and a double-car garage, with beautiful curb appeal and spacious main floor boasting high ceilings, half open-concept layout, bright living room with wood-burning fireplace and large windows, and modern kitchen and dining area with brand-new cabinets, island, countertops, tile backsplash, sink, and stainless steel appliances. New vinyl plank flooring runs throughout the main level, which includes two generously sized bedrooms and a brand-new 4-piece bathroom. The fully developed basement has a separate entrance and offers spacious living area, kitchen and dining space with new cabinets, countertops, and tile backsplash, one spacious bedroom with double closets, a 3-piece bathroom, and a utility room with a second set of laundry. The backyard is generous and landscaped with brick patio, firepit, and mature trees. Extensive upgrades throughout the property include new PVC windows, shingles, furnace and water heater, insulation, flooring, ceiling, paint, cupboards, cabinets, light fixtures, both kitchens and bathrooms, appliances, and upgraded electrical. Additional features include an oversized two-car garage with extra parking and back-alley access on a large 50-foot-wide R2 double lot. This unique turnkey property is ideal for first-time homebuyers or investors, with potential rental income of approximately $1,400–$1,600/month for the main floor and $800–$1000/month for the basement suite, and it truly shows like new.