Attention professional end users, entrepreneurs and investors! Welcome to 549 Lawrence Ave W - an incredible live-work opportunity with immediate cash flow, and massive future redevelopment value. *Located on a high-visibility major road, this property provides an ideal live-work setting for professional offices or client-facing business, while still delivering the comfort and functionality of a well-maintained family home. *The bright, inviting, custom-designed 500 sq ft great room extension features 9-foot ceilings, expansive windows, and a walk out to a large deck overlooking a beautiful south-facing backyard. *Adding immense financial flexibility is the walk-out basement extension featuring a separate entrance, two generous bedrooms, full kitchen, open-concept living/dining area, and independent laundry. This suite is fully renovated in 2025, move-in ready for lucrative Airbnb short-term rentals, premium long-term leasing, multi-generational living, or growing family. *Beyond its immediate comfort and utility, this property, being situated within a rapidly intensifying transit-accessible corridor, holds exceptional long-term capital appreciation potential through land assembly. ** Don't miss this rare opportunity to own this versatile property. Book a private showing to explore its possibilities and unique value. *** Potential uses are for information only. Buyers should consult their own qualified professionals. ***