Exceptional opportunity awaits in walkable downtown Waynesville! This thoughtfully renovated property offers both charm and versatility, featuring a spacious main home and a detached modern studio apartment on a fully fenced lot. Main residence includes kitchens on both the upper and lower levels, making it ideal for multigenerational living, short- or long-term rental income, or a creative live/work setup. With a separate rear entrance, the layout allows for added privacy/flexibility. The detached studio is beautifully designed with soaring ceilings, full kitchen, full bath, and generous natural light- perfect as a guest suite, rental, or personal retreat. Enjoy the ease of small-town living just steps from the shops, cafes, breweries, and restaurants of Frog Level and Main Street. Whether you’re looking for a primary home with income potential or a turnkey investment, this rare in-town property blends original character with modern updates in a truly unbeatable location.