Presenting a wonderful two-story home, this property is nestled on a generous 631sqm (approx) allotment in the highly sought-after central Cowes location. Offering proximity to the vibrant amenities of Cowes, such as charming cafes, delightful restaurants, boutique shops, and the picturesque Cowes bay beach. Designed to welcome abundant natural light, the home boasts inviting living spaces that create an ideal setting for summer gatherings and entertainment. The lower level encompasses a well-appointed living area, a modern kitchen, and a dining space, making it highly appealing to families and couples of all ages. Additionally, this level features two bedrooms, a family bathroom, a separate toilet, and a convenient laundry. The lower north-facing rear deck provides an excellent spot to bask in the sun and enjoy a delightful barbecue with loved ones. Ascending to the upper level, you'll find a spacious second living area with access to a north-facing balcony, accessible via an external staircase. This balcony offers glimpses of the picturesque Westernport Bay, allowing you to unwind and relish the coastal ambiance. Completing this level are two more bedrooms, a separate bathroom, a toilet, and ample storage space. The outdoor area boasts further features, including a versatile studio/office that can easily be converted into additional accommodation, a teenage retreat, a games room, or a home office for remote work. Other outdoor highlights include a practical outside toilet, low-maintenance gardens, a single carport ideal for accommodating a boat or caravan, and the presence of beautiful established trees. Key features of this property include two split systems for heating and cooling, ensuring year-round comfort, as well as an electric hot water service. Boasting tremendous potential in an exceptional location, this property presents a fantastic opportunity for permanent living, a holiday home, or a valuable addition to your investment portfolio. Experience the finest presentation of this Cowes property. This property for sale in Cowes is proudly presented to you by Ray White Real Estate Phillip Island.