Opportunity awaits in the heart of downtown Waynesville. This thoughtfully renovated property blends timeless charm with modern versatility, featuring a beautifully updated 2BR/1.5BA bungalow plus a detached 1BR/1BA apartment full of potential. Inside the main home, fresh finishes and stylish updates create an inviting, move-in-ready retreat. Luxury vinyl plank flooring flows throughout, while the redesigned kitchen shines with quartz countertops, soft-close cabinetry, and stainless appliances. Updated baths feature designer tile and a clean, modern aesthetic that complements the home's original character. The detached apartment offers incredible flexibility-ideal for guests, multigenerational living, long- or short-term rental income, or a private work-from-home studio. Outside, enjoy a rare level backyard perfect for gardening, pets, entertaining, or simply relaxing after a stroll through town. Leave the car behind and embrace the downtown lifestyle with Main Street's local shops, breweries, restaurants, and cafes just moments away. Whether you're searching for a full-time residence with added income potential or an investment opportunity in one of Western North Carolina's most beloved mountain towns, this property delivers convenience, character, and endless possibilities.