Spacious 4-Bedroom Colonial in Owings Mills – No HOA, Permitted for Assisted Living, Fully Fenced Yard. Welcome to this beautifully maintained and versatile 4-bedroom, 3.5-bath colonial home located in the heart of Owings Mills. This inviting property is available for lease or purchase, offering a rare opportunity for both homebuyers and investors alike. With no HOA restrictions, a fully fenced backyard, and permitted for assisted living, this home delivers a unique combination of privacy, flexibility, and potential. As you enter the home, you're welcomed by a gracious foyer that leads to an expansive main level featuring multiple oversized living spaces. A formal living room offers an elegant place to receive guests, while the adjoining formal dining room is ideal for family meals and special occasions. The heart of the home is the spacious kitchen, equipped with new stainless steel appliances, gas stove and oven, and abundant cabinetry. It seamlessly connects to the sunlit family room, where a cozy gas fireplace provides the perfect setting for relaxation and entertaining. The main floor also includes a convenient half bath and access to the oversized 2-car attached garage, which along with the generous driveway, offers ample off-street parking for residents and visitors alike. Upstairs, you'll find four generously sized bedrooms, each offering plenty of natural light and closet space. The primary suite is a true retreat, featuring a large walk-in closet and a private full bathroom. The additional bedrooms share two full bathrooms, making this layout ideal for large families or multi-generational living. The high-ceiling unfinished basement provides endless possibilities—whether you envision a recreation room, home theater, gym, or additional living space, this area is a blank canvas ready for your vision. Step outside to a fully fenced backyard that spans nearly one-third of an acre (.33 acres). The lot is generally flat, making it ideal for outdoor activities, gardening, or even expansion. Whether you're hosting a summer barbecue, or simply enjoying a peaceful evening outdoors, this space has it all. What truly sets this property apart is its flex zoning and existing assisted living permit, allowing for professional or extended care use—perfect for investors or those looking to run a licensed care home in a residential setting. Located just minutes from schools, shopping centers, and major commuter routes, this home offers both tranquility and convenience. Whether you're looking to settle in a spacious family home, generate rental income, or operate an assisted living business, this property offers unmatched potential.