Welcome to 44 Fourth Street - a delightfully updated home with a LEGAL basement apartment (renos completed with permits)! This charming, move-in-ready bungalow is just steps from Lake Ontario, the Waterfront Trail, and numerous lakeside parks. This 2 unit, 2+3-bedroom, 3 bathroom, home offers the perfect blend of charm, character, modern comforts, and income earning potential! The main level features vintage hardwood floors, elegant wood trim, and etched-glass doors. The newly reno'd kitchen offers shaker style cabinets, porcelain counters, stylish tile backsplash, stainless-steel appliances, and vibrant Marmoleum flooring. The primary & 2nd bedrm overlook the west-facing garden, with the 2nd bedrm offering a walkout to a new wood deck & sunny, west-facing backyard. The reno'd main floor 3-piece includes a space saving, Euro-style corner shower and funky green mosaic tile flooring. The main floor has access to the lower level via a shared staircase and side entrance; leading to the shared laundry and utility room. The owner-occupied main floor also enjoys access to a 3rd bedroom located in the lower-level. It is a great flex space with a 3-pce ensuite and can be used as an additional bedroom, guest suite, home office or studio. The fully renovated LEGAL basement apartment includes 1+1 bedrms, open concept living area, eat-in kitchen, stylish 3-piece bath, heated polished-concrete floors, 8-ft ceilings, and an egress window. Extensive mechanical updates include underpinning, waterproofing, spray-foam insulation, new windows (lower level), PEX in-floor heating, upgraded wiring, 200-amp service, upgraded copper plumbing, new noise reducing cast iron stacks and ductless A/C. The sprawling 29.5 x 123 ft lot enjoys a long private drive, garage w power & sunny garden lovingly known as "The Orchard" w raised beds and an apple tree. Close to schools, Humber College, Mimico GO, TTC, highways, and airport. Enjoy nearby Waterfront Trail, beaches, skating, sailing, and more!