Superior raised up/down bungalow in the heart of Bowness. This home was relocated from Mount Royal in 1996 and placed on a new basement foundation with in-floor radiant heat. (high efficiency IBC boiler installed in 2023.) The main floor retains a classic craftsman charm while offering modern updates: new flooring, upgraded lighting, renovated bath, stainless steel appliances - and it's own private entrances, laundry and direct backyard access: an ideal owner's residence or premium rental. Basement was completely renovated in 2023 and features a custom kitchen with quartz countertops, stone backsplash, stainless steel appliances, and a built-in workstation. Additional updates include new flooring, trim, doors, and lighting. The suite (illegal) has in-floor heating, separate laundry, and its own private entrance and meters. All on a 50x120 flat lot with a mature treed and fenced backyard with ample off-street parking. Located just 3 blocks from Bowness Park, and minutes from Market Mall, U of C, Foothills and Children's Hospitals, COP, as well as Hwy 1 and Stoney Trail. Perfect for live up / rent down or investors seeking a turn-key income property in a sought after location. 8540 46 Ave NW.