This 5 bedroom + den, 1,353 sq. ft. raised bungalow in the central community of Renfrew, is quite a gem! Situated on a 50' x 120' lot (6,000 sq. ft.), in the heart of the desired community of Renfrew, this home offers exceptional value as an investment property, or as a live-up-rent-down home. The main floor features 3 spacious bedrooms, a large kitchen, dining room, a 19' 8" x 15' 6" living room, and a 4 piece bathroom. You will find exquisite hardwood flooring throughout the main, with exception to the kitchen, dining area, and bathroom, that are tiled. The stairs lead down to the basement den for upstairs access and use, and farther down the hallway you will reach the laundry room with 2 washers and 2 dryers. The laundry room can be accessed from the upstairs, or the illegal basement suite by way of two separate locking doors, one from either side, providing additional separation and privacy. The illegal basement suite received a recent renovation, with approx. $35,000 spent on updating. There are two bedrooms, a corner kitchen, living room, and a separate entrance directly to the outside. There was an additional $35,000 (approx.) spent on creating direct outside access to the basement, with a wide concrete staircase, French drain, and lean-to installed in 2012. In the SW-facing backyard, there is a deck off of the sliding patio door to the main floor, as well as a green space, fire pit, and oversized double detached garage. The community itself has great access to schools, YYC, the Calgary Zoo, Telus Spark Science Centre, University of Calgary, SAIT, parks, shopping, and all other inner city amenities. With the community having great access to major roads (Deerfoot & 16th Ave) and all major amenities, a raised bungalow this size on a quiet street in the middle of Renfrew, is certainly an opportunity worth exploring!