Taking multi-generational living to a whole new level, this could essentially be two homes in one with the added bonus of a self contained studio! Whether you utilise as a large five bedroom family home with a living area on each level, or configure as independent living options with a laundry easily shared thanks to dual access - the location of this amazing home is the real drawcard. Only 200 metres from the sands of Lake Cathie Beach and a three minute walk to Lake Cathie Village Centre with supermarket, tavern, cafe, bakery and convenience shopping, this is the perfect location from which to benefit from the laid back coastal lifestyle you've been searching for. The configuration of this renovated home provides so many options... family home with guest studio or retreat, or live in either of the two or three bedroom 'apartments' and Airbnb the other and the studio for extra income. Need a work from home option? Convert one of the auto garages into an office and create access into the studio behind (subject to Council approval). Updated for contemporary living, the property has two kitchens, plus a kitchenette, three bathrooms and outdoor living spaces that can be applied to each of the living options. Upstairs a fabulous timber deck can be accessed from the open plan living and master bedroom. Complete with shutters, it is a living space all on it's own. Downstairs, decked areas in front of the lower level living and studio overlook a sparkling inground swimming pool. Two auto garages, and a driveway that can accommodate a large RV or caravan plus a boat at any one time provides scope for those with toys. Solar panels and solar hot water are budget efficient. A property that must be experienced to truly appreciate the qualities on offer, 1 Chepana Street, Lake Cathie is a rare commodity in a coveted locale. Exquisitely situated within one of the mid north coast's best kept secrets, this Lake Cathie precinct offers the amenity of lake and ocean fishing, canoeing, swimming and surfing minutes' walk from your door. Council Rates $2,700pa.