A rare find in the heart of Old Town Sherwood, this charming one-level 1925 cottage combines timeliness character and exceptional flexibility of uses. The home is zoned Medium Density Residential (MDRL) and is also located within the Old Town Overlay District which grants retail and commercial allowances, creating a unique potential for a variety of home-based or mixed-use opportunities. The 1,410 sqft home features 3 bedrooms (1 nonconforming) and a remodeled bathroom. It appears original wood floors lie beneath the carpets. Inside, enjoy a cozy living room with a certified woodstove, a custom kitchen and a large utility room. Step out back to a spacious newer deck, covered parked, and a 30x20 garage/shop with its own woodstove, ideal for projects, hobbies or workspace. The private backyard offers a peaceful retreat just steps from the vibrant shops, restaurants, and transit options of Old Town Sherwood. Appliances are included, along with a new hot water heater. A true Old Town Sherwood gem offering charm, location, and versatility.