1336 Princess Street is a thoughtfully updated Washington Park bungalow that offers something increasingly difficult to find: a home with established character, practical improvements, and meaningful opportunity for future development. The main floor is well proportioned, featuring two generously sized bedrooms, a bright living room with original hardwood flooring, and an updated kitchen designed for actual living. Dark cabinetry, abundant counter space, a dishwasher, microwave hood fan, and distinctive corner windows combine functionality with the architectural charm of the era. The bathroom has also been modernized with new flooring, vanity, and a tiled tub surround. The newly constructed front steps lead into a generous entry area with excellent storage-an understated feature that adds considerable everyday functionality. The basement presents perhaps the most compelling opportunity. Already plumbed for a bathroom and accessible through a separate rear entrance, it provides an excellent framework for future development. A secondary suite, additional bedroom, recreation area, office, studio, or expanded living space are all possibilities, subject to the necessary approvals. The exterior complements the home with a single detached garage, storage shed, and a backyard that remains largely open to interpretation. In short, this is a property with good bones, useful updates, and intellectual real estate value: the kind of home that works well today while leaving room for the next owner to improve, personalize, and potentially increase its utility and value over time. A sensible purchase, a flexible floor plan, and considerably more potential than first meets the eye.