RARE BUNGALOW INVESTMENT OPPORTUNITY IN VARSITY. A property like this rarely comes on the market in Varsity. ORIGINAL OWNERS. The current owner's family built the home in approximately 1969. Close to the Alberta Children Hospital, Foothills Hospital, and within walking distance to the University of Calgary, the remarkable University District, plenty of parks, all levels of schools, and Market Mall with plenty of shopping, restaurants, and pubs to choose from. Take your bike, walk, or scooter to most locations in the very sought-after community of Varsity. If you work downtown, Calgary transit/C-Train is only minutes away. This bungalow itself is close to 5000 sqft, including below grade. Over 2400 sqft above grade. 4 over-sided bedrooms up with 3 piece ensuite on the primary bedrooms and a 5 piece bathroom on the main floor. Massive living and kitchen area with plenty of cabinet space and two dining rooms on the main floor. The dining room in the kitchen boasts a stunning stone fireplace. There are 2 other separate entrances on the main level that can be used as a separate entrances for guests. A large laundry room with cabinets and a sink is perfect if you can't get all the laundry done in one day. Just close the door until it's done. The basement is surprisingly large! The basement is partially developed with a bar, another wood-burning fireplace brick facing, a living area and 3 piece washroom. There is an office on the lower level as well. The other half is undeveloped for you to use your imagination. Previous owners loved canning and making their wine, so you'll see 2 storage rooms used as cold rooms back in the day. Other attributes include a title back deck for privacy, fenced yards, backing onto a beautiful walkway with mature trees, and a stone and curved concrete driveway. This home is move-in ready. You can do renovations while you live there or invest in it as a flip property. This home could be priceless for you or your investment with the right upgrades. Book a showing ASAP.