With substantial recent improvements and a remarkably flexible floor plan, this home represents an exceptional value with major updates already complete. The bright, open-concept upper level features the main living and dining areas with refinished original hardwood flooring and a freshly painted, completely renovated kitchen with all-new, never-used stainless steel appliances, stainless under-mounted sink, quartz countertops and crisp white cabinetry. Two bedroms with brand-new carpeting share a full bath with a new vanity. Exterior stairs provide direct access to this level as well as the home's generous upper-level decking. The lower level, which can be accessed by interior stairs, offers an impressive space that feels notably private from the rest of the home. Luxury vinyl flooring extends throughout, while sliding glass doors open directly to a private deck and the fully fenced backyard. An exceptionally large walk-in closet provides extensive built-in shelving, hanging space and storage. The adjoining bath features a double-sink vanity, tile flooring and an oversized tiled walk-in shower with decorative detailing. The separation between the two levels creates excellent flexibility for extended family, guests, a primary bedroom suite, multi-generational living or a private studio-style living arrangement. A separate shared laundry and utility area, further enhances the functionality and privacy of this lower level. Additional improvements include a 2020 roof, 2021 HVAC, a new automatic garage door, new energy-efficient water-saving toilets in both bathrooms, pre-wired for generator, pre-plumbed for outside shower. With three decks, a fully fenced backyard, new kitchen, garage door and extensive recent improvements, the property offers an unusual combination of versatility, condition and value. The voluntary Avalon Beach Improvement Association provides members with private oceanfront parking near Avalon Pier, a sound front park with a dock and the Avalon Beach public boat ramp.