Legal, fully rented (vacant possession available) four-bedroom, 2 bath property offering a versatile layout and excellent potential for investors, multi-generational living or owner-occupiers within easy distance of two universities, Conestoga College, and Uptown Waterloo. A five-minute walk to transit and a large shopping plaza. The main floor features a bright kitchen, living room, full bathroom and two bedrooms, with an additional bedroom on the half level above. The lower-level apartment includes a spacious living room, kitchen, bathroom, laundry and separate entrance, providing a comfortable and self-contained living space. The property also features a substantial 660 sq. ft. workshop in the backyard, currently configured as a woodshop with a dust extraction system and separately metered 100-amp electrical service. The workshop includes an additional 150 sq. ft. half level with additional storage. This space offers excellent flexibility for a variety of uses, with potential for future conversion to an accessory dwelling unit subject to applicable approvals. A unique opportunity combining residential income, functional living space and an exceptional detached workshop.