Bring your vision and unlock the potential of this 1,536 sq. ft. Cape Cod nestled on a beautiful, tree-lined property in the highly desirable Packanack Lake community of Wayne. Featuring 3 bedrooms, a spacious living room, family room, full basement, and attached one-car garage, this home offers a solid footprint and endless possibilities for renovation and customization. While the property requires substantial updating throughout, several key improvements have already been completed, including newer vinyl replacement windows and exterior doors, a newer hot water heater, and forced hot air oil heat with an above-ground oil tank. The full basement provides ample storage and expansion potential, making this an excellent opportunity for investors, builders, renovators, or buyers looking to create their dream home. Sold strictly as-is; renovation financing or cash may be ideal. Located within the sought-after Packanack Lake community, residents enjoy access to two private beaches, boating, fishing, swimming, clubhouse activities, tennis courts, golf facilities, and a variety of youth and adult recreational programs. Conveniently located approximately 22 miles from Midtown Manhattan and close to shopping, dining, major highways, and NJ Transit, this property offers the rare combination of renovation potential and an exceptional lifestyle opportunity. Packanack Lake mandatory membership annual dues range $482.50 to $922.50. In addition, there is a one-time initiation fee of $1200.