Welcome to 49 Counsellor Terrace in Barrie - a beautifully maintained detached bungalow offering exceptional versatility and value. This home features 2 spacious bedrooms and 2 full washrooms on the main floor, with a bright, functional layout and direct access to a large, private backyard-perfect for entertaining or relaxing. The fully finished basement boasts 3 additional bedrooms, 1 washroom, and impressive 9+ ft ceilings, creating an open and comfortable living space. With a separate entrance through the garage, this property is ideal for multi-generational living or generating rental income. A durable metal roof and fully owned equipment provide long-term peace of mind with no rental costs. Located in a highly desirable Barrie neighborhood close to schools, parks, shopping, and commuter routes, this home offers both convenience and lifestyle. A fantastic opportunity for investors or first-time buyers looking to offset their mortgage with a finished basement setup.