Just a short two-minute stroll to the lake, this well-positioned property offers options that are increasingly hard to find. Whether you’re looking for a home and income, dual rental stream, or a holiday base with space for extended family, this split-level layout delivers flexibility now and the potential to explore further development, subject to the appropriate consents. Previously rented both upstairs and downstairs through a property management company, it also presents a proven income-generating opportunity.Both levels have been recently partly refurbished, including new carpet throughout, adding a fresh and comfortable feel.Filled with natural light, the upstairs living is warm and inviting, flowing easily to the outdoor spaces. Large sliders open from the living area to a generous deck which is perfect for relaxed afternoons and entertaining. The modern kitchen is well-appointed with excellent storage, while the large bedroom features a double wardrobe. A heat pump ensures year-round comfort, and the layout is completed with a shower in the bathroom, separate powder room, and dedicated laundry area. This level also benefits from its own driveway and off-street parking.Downstairs also offers its own private access, driveway, and off-street parking which is ideal for independent living or rental use. This level includes a large double bedroom with wardrobe, a comfortable living space with sliders opening to a private courtyard and a tidy kitchen with modern appliances. A shower in the bathroom and separate laundry add practicality.Set on a large, shared section with plenty of parking for the boats, trailers and all the lake toys, this property has a simple, classic feel with scope to enhance over time. Positioned just moments from the lake, this is a location that centres around lifestyle, with the Two Mile Bay Sailing Centre and the Kokomea shopping complex close by.A smart investment in both lifestyle and potential which is ready for you to enjoy now, with room to elevate further in the future.Contact me for an appointment to view. Boundary lines are indicative only. Some photos have been virtually staged.AUCTION: 12:00 p.m. Friday 17 April 2026, NZSIR Taupo Office (unless sold prior)