This supremely located cape is less than one mile from Lake Sunapee and Otter Pond, providing easy access to swimming, boating, and year round recreational opportunities. Additionally, the home is moments from the Ledge Pond Trail system for tranquil outdoor pursuits. The home is conveniently located 10 minutes from downtown New London and Colby-Sawyer College, 15 minutes from Mount Sunapee, and 20 minutes to Dartmouth. Inside, this cute as a button cape has a flexible floorplan with 2-3 bedrooms and 2 full baths. The open concept kitchen and living area features high ceilings with moulding as well as a charming fireplace with wood stove insert. The home has hardwood and tile flooring throughout. The finished basement provides extra recreation or living space, perfect for home office, guests, or media room. The home has a screen porch, oversize deck, and private rear yard with ample established perennial gardens. The home has many recent updates, including new rear rubber roof, whole house on demand generator, and new chimney liner. With a proven and successful short-term rental history, this property offers excellent income potential or a wonderful primary or vacation home in a highly desirable location. Showings to begin at open house Friday, 03/13 from 4pm-6pm, and Saturday, 03/14 from 1pm-3pm.