This enchanting turn-of-the-century home blends timeless character with modern convenience with extensive updates at every level. Set on an oversized lot shaded by mature trees, the exterior welcomes you with a charming front porch, custom window boxes, and a private brick patio nestled among beautifully landscaped gardens. Inside, the thoughtfully designed three-level floor plan offers incredible versatility. The upper level features a fully remodeled two-bedroom, one-bath rental unit complete with its own kitchen, full bath, and laundry - an excellent income opportunity. The main level includes two bedrooms, a formal dining room, living room, eat-in kitchen, and remodeled bathroom. The lower level adds even more flexibility with a third kitchen, full bath, family room, and 2 bedrooms A spacious 528 sq. ft. garage and extra off-street parking provide room for multiple vehicles and plenty of storage. Hardwood floors, original woodwork, high ceilings, and an unbeatable location just steps from downtown Waconia and the lake make this home truly special.