Welcome to Wallum Lake Terrace – a quiet, private and established small lake community! This charming home is on a dead-end street and boasts a rare TRIPLE lot with usable yard space. Nearby amenities include Wallum Lake Beach for swimming, boating, fishing and scenic pavilion picnics – a low fee of $150/year gives you access to the private beach (public beach is FREE)! Plus, there are endless weekend adventure opportunities along hiking trails like the Midstate Trail, Coffee House Loop, Tri-State Marker, and the Cedar Swamp Boardwalk. Pascoag, RI only 10 minutes away for dining options, coffee shops, bars and a brewery. Back home, the bright and functional layout complements the architectural character of this 2-bedroom with HIGH ceilings. Important updates include the roof (2022), vinyl windows, a renovated bathroom, NEW slider, updated lighting fixtures and ceiling fan. The sellers have also painted throughout. Well pressure tank and well pump (2020). The open-concept living room has vaulted ceilings and built ins with a beautiful propane stove that adds great ambiance AND a second heating source. It sits on a gorgeous brick fireplace with a modern granite mantle. Composite steps bring you to a covered porch with a huge storage area (plus there’s additional storage under the porch). The future potential shouldn’t be lost on anyone—enclose the porch to expand the family room or create an entirely new flex space! Mature perennials and landscaping really pop come springtime! AMPLE off street parking PLUS an oversized gravel space to the right for a RV/boat. Interior LED lighting and exterior motion detect LED spotlight (side yard by slider). Whether you're seeking an affordable year-round home or an outdoor lover’s retreat, this unique property delivers lifestyle, expansion potential and exceptional value. Welcome home!