Ideally located in the highly desirable Perrinville neighborhood, this versatile property offers exceptional flexibility and income-producing potential. Featuring four bedrooms and three and a half bathrooms, the home includes a fully equipped lower-level suite with its own living space, ideal for multigenerational living, extended guest stays, long-term rental income, or an accessory dwelling unit-style setup. The spacious bonus room downstairs adds even more flexibility for tenants, guests, or additional living space. The main level is designed for comfortable everyday living and entertaining, with sliders off the dining room opening to an oversized covered deck for seamless indoor-outdoor living year-round. The fully fenced backyard surrounded by mature trees provides privacy and space to relax, garden, or entertain. Split-level homes like this are especially appealing for buyers seeking opportunities to offset monthly costs with supplemental income while still enjoying the functionality of a spacious primary residence. Conveniently located near parks, shops, dining, and commuter routes with easy access to Edmonds and the greater Seattle area. For added buyer confidence, a pre-listing home inspection and sewer scope have already been completed and are available for review. A rare blend of space, flexibility, and investment potential. Welcome Home!