Welcome to your dream investment property with not only incredible immediate rental income potential but also future re-development possibilities! 8 beds + Den, 5 full bathrooms, including legal suite & two bachelor suites with their own separate entrances. 2 Kitchens, 2 Laundry rooms, 5 separate entrances, 2 dining rooms. Situated on a private 0.33 acre lot, this approximately 3200 sq.ft. has room for large workshop, carriage house & parking space for all your vehicles, boat, RV & quads. Large backyard, space for pool. Renovation list: legal suite, garage side bachelor suite, installation of new flooring, exhaust hood fans, renovation of bathrooms with showers, installation of glass doors, replacement of tiles in multiple bathrooms & laundry room. A separately accessible deck was created. Upgraded to 200 amps, with addition of 100-amp sub-panel upstairs. All outlets, lights, and cables throughout the house were replaced, and the deck was expanded and replaced, 2015 Roof, high-efficiency furnace & central AC installed in 2017, and so many more upgrade items. Currently fully tenanted, provides immediate rental income. Great neighborhood, enjoy the convenience of proximity to multiple boat launch areas for easy access to water adventures, walk to parks and hiking trails, close to wineries and restaurants. City indicates that there is adequate frontage & parcel area for future redevelopment potential, buyer is responsible for conducting their own due diligence.