Welcome to this delightful single-level home nestled in the highly desirable Colony District, just a short stroll away from downtown Atascadero. This charming residence is situated on a generous, oak-studded lot, creating a serene and picturesque setting. As you step inside, you'll be captivated by the fresh and inviting ambiance of this spacious 3-bedroom, 3-bath home. The immaculate interior boasts gorgeous red oak wood floors that have been lovingly restored, along with fresh paint that creates a clean and welcoming atmosphere. The kitchen, a true chef's dream, features new stone countertops, a stylish backsplash, and tasteful finishes that elevate the space. To ensure your comfort during warmer months, central AC with a smart thermostat has been newly installed, keeping you cool and refreshed. Every detail has been thoughtfully considered to create a cozy and well-lit environment. The large interior living spaces are perfect for entertaining, allowing you to host memorable gatherings with friends and family. Step through the new high-end sliding glass door and discover an inviting patio and a spacious backyard living space. Surrounded by mature oak trees, this outdoor oasis resembles a park-like sanctuary, offering shade and tranquility. The front yard has been transformed with lush grass, sprinklers and is fully enclosed by a fence. The backyard, designed with tasteful landscaping and decomposed granite (DG), features a lovely water feature that adds to the serene atmosphere. Picture yourself enjoying evenings under the stars, gathered around the fire pit, as a gas line has been thoughtfully installed for your convenience. Not only does this property offer an enchanting home, but it also presents future development opportunities. Zoned as Residential Multi-Family (RMF-10), the potential for further expansion or customization awaits. The street-to-street lot configuration adds versatility to the property, offering endless possibilities. A separate 10' by 10' unpermitted studio space, an attached workshop and a garden shed provide additional storage and hobby space. Currently licensed as a short-term vacation rental, this residence offers a unique opportunity for income potential. Don't let this remarkable residence in a sought-after location slip away.