Welcome to 1431 Southam Street, a prime opportunity for investors or buyers looking to generate additional income in the growing neighbourhood of Dieppe. Located just minutes from the RCMP barracks and the future Costco development, this property is ideally positioned for long-term appreciation and rental demand. This 1,112 sq ft bungalow offers a flexible layout with four bedrooms and three bathrooms, making it well-suited for both owner-occupiers and income-focused buyers. The fully developed basement features a second kitchen/wet bar, and separate side entrance, creating excellent potential for a suite or mortgage helper setup. The home has already seen several key updates, including shingles in 2019, a high-efficiency furnace with DC motor, central air conditioning, and an updated 100 amp electrical panel. All main floor windows have been upgraded to double-pane vinyl, helping improve efficiency and reduce future capital costs. The exterior adds even more value with a heated and insulated 24x26 double garage featuring 10-foot ceilings and an oversized overhead door, ideal for tenants, storage, or workshop use. A 12x24 concrete pad behind the garage offers future expansion potential, while the 10x12 insulated and wired shed provides additional usable space. This property presents an excellent opportunity to add value, generate rental income, or secure a property in a high-growth area.