Welcome to 341 Elizabeth St., a rare gem nestled in Oshawa's highly sought-after McLaughlin neighbourhood. This beautifully maintained 4-level backsplit has been lovingly cared for by the same owners for nearly 60 years, and it shows in every detail. Set on an oversized pie-shaped lot with exceptional landscaping, this home offers privacy, green space, and endless outdoor potential perfect for entertaining, gardening, or providing kids and pets with room to play. Inside, you'll find an updated modern kitchen that offers both style and functionality, along with a bright, inviting layout ideal for family life. Upstairs features three spacious bedrooms with gleaming original hardwood floors and a full 4-piece bathroom. The finished lower level adds exceptional flexibility, offering a fourth bedroom, a cozy family room with a granite fireplace, a second bathroom, a kitchenette, and an additional large room that could easily serve as a fifth bedroom, home office, or extra living space. The layout lends itself well to multi-generational living, with the potential to easily separate the side entrance and convert the lower level into a self-contained in-law suite or income-generating apartment. This home is truly move-in ready and filled with potential to grow with your needs. Located on a quiet, tree-lined street just minutes from shopping, transit, and local amenities including five schools within walking distance, three parks within a 10-minute walk, and the Oshawa Centre only a 20-minute stroll away. Whether you're a first-time buyer, a growing family, or seeking a home that can accommodate multiple generations under one roof, 341 Elizabeth St. offers timeless quality, thoughtful design, and lasting value in one of Oshawa's most established and welcoming communities.