Ultimate versatility meets prime location in this charming Town of Troutville property! Perfect for rental income, a home, business, or multi generational living, this spacious property features a 5 BR, 2 BA main home, plus a detached studio/ADU with its own separate 911 Address, and lower level storage /utilities. It offers an office/living area, 2-private rooms, 1- BA and a kitchenette, making it a turnkey setup for an in-law suite or office. The main home features original hardwood floors throughout, plus a full basement /7 walkup attic, and entry level with 2 BR, 1-BA, kitchen, dining room & living room w/fireplace, screened porch, & double decker back porch. The upper level has 3 large bedrooms, kitchenette, with another exterior entrance and trex/deck balcony making for an ideal guest suite overlooking the beautifully landscaped lot and private backyard. With ample parking, a luxury swim spa, this charming Tudor is also highly walkable, with sidewalks leading directly to the local coffee shop, park, bank grocery store, and Town Hall.