INVESTOR ALERT! Located in the desirable community of Queen Alexandra and zoned RM h16, this updated 1,032 sq. ft. bungalow offers 5 bedrooms, 2 bathrooms, a separate entrance, and excellent potential.The main floor features a bright living and dining area with coved ceilings and an original decorative mantel fireplace. The updated kitchen offers two-tone cabinetry, stainless steel appliances, and a white tile backsplash. Two bedrooms and a full bathroom complete the main level.The fully finished basement is accessible through a separate entrance and features a second living area, second kitchen, three additional bedrooms, a 3-piece bathroom, and shared laundry. Notable upgrades include a new high-efficiency furnace (2026), roof shingles (2014), basement windows (2014), and a double detached garage (2014). Conveniently located near Whyte Avenue, the University of Alberta, public transit, shopping, schools, and other amenities.