With picturesque mountain views, this substantial family home with self-contained Airbnb apartment and separate original cottage has been fully renovated with mid-century design influences throughout. A flexible floorplan with multiple living areas and three separate utility meters makes this property a unique proposition with potential in spades for purchasers with accommodation requirements out of the box! The upper level of the main house comprises expansive open plan living with eat-in kitchen and living room, three double bedrooms, a central bathroom with shower and bathtub and a multi-purpose space currently configured as an artist's studio with sink and WC. The lower level has self-contained quarters with kitchen and living room, three further double bedrooms and a central bathroom and separate WC and laundry. Two further flexible separate spaces are currently used as a recording studio and music room. The original cottage provides further self-contained accommodation with a kitchen/living, bedroom, study, and combined bathroom and laundry facilities with garage adjacent. Polished timber boards, original fireplaces and new wood heater, retro joinery and bathroom fittings and fixtures enhance the ambience of this warm and inviting home, and the combination of wood heating and reverse cycle air conditioning ensures year-round comfort. Outside low maintenance grounds with mature trees surround the home and the park-like rear garden is well fenced making it safe for children and pets. Close to excellent local schools and the shops, cafes and restaurants of Moonah and New Town, the CBD is conveniently less than 10 minutes away. A dynamic character filled property offering versatility, space and the potential for additional income streams, this is an exceptional opportunity to acquire a large family home or solid investment in a central location nearby to all amenities.