Backing Balsam Park in desirable Forest Grove, this bright and exceptionally well-maintained bungalow offers the rare combination of a fantastic location, thoughtful updates, and income-generating potential. Tucked directly onto green space, the home enjoys a peaceful setting with no rear neighbours and picturesque views year-round. Inside, the fully renovated main floor is bright, welcoming, and move-in ready. New medium-toned luxury vinyl plank flooring flows throughout the living spaces, complemented by fresh paint, brand new kitchen cabinetry and stainless steel appliances, updated windows throughout nearly the whole home, an abundance of natural light, and an inviting layout with three bedrooms and a full bathroom. The lower level provides a non-conforming one-bedroom suite (bedroom window is not egress) as an excellent mortgage helper or revenue opportunity, featuring newer cabinetry, a spacious living area with an oversized window, a massive bedroom with walk-in closet, and shared laundry access. Outside, you'll find a large backyard with a storage shed, lush green, treed views, and a front parking pad for convenient off-street parking. This home has a strong rental history, with the basement suite currently generating $1,100/month and the upper level previously being rented for $1,800/month prior to recent renovations. Whether you're searching for a well-cared-for home in an established east-side neighbourhood or looking to offset your mortgage with rental revenue, this property presents an outstanding opportunity. With recent updates, wonderful neighbours, and a location close to schools, parks, shopping, transit, and the University of Saskatchewan, this is a home that offers both immediate value and long-term appeal for investors, first-time buyers, or anyone looking to offset their mortgage with rental income. A solid home, a fantastic location, and exceptional value all in one package. Book your showing with your Realtor today!