Investors, first-time buyers, and Car Guys alike will appreciate the exceptional value and versatility offered by this Illegally suited walkout bungalow in the growing community of Blackfalds. Situated on an expansive 8959 SQ. FT parcel, this property features two suites fully approved by the municipality and is currently generating $2,200/month plus utilities, with reliable tenants eager to remain, making it a true turnkey investment. The upper suite offers a functional 3-bedroom, 1- bathroom layout, while the bright and spacious lower-level 1-bedroom suite boasts a walkout design that enhances natural light and livability. Outdoor spaces are equally impressive, with a large upper deck showcasing scenic views and a thoughtfully designed lower yard complete with an enclosed entertaining area, circular brick patio, stone courtyard with fireplace, and custom concrete lounging tables, all connected by a striking spiral staircase. The mature landscaping adds privacy and charm, while the unique two-storey garage provides ample flexibility with 2-car parking above, an additional bay below, and dedicated shop space. Additional highlights include a parking pad, three furnaces (replaced in 2009 for independent heating), updated shingles (2012), and a hot water tank (2019). A rare opportunity to secure a cash-flowing property with strong appeal for both investors and homeowners seeking mortgage support.