Two separate dwellings or one large house. What works best for you? Great income potential as two rentals or, live in one and rent the other. Able to accommodate a large or multi-generational family environment, too, this ample and versatile 4 bedroom, 3 bath home in the beloved Stagecoach/Oro neighborhood provides many possibilities. Crossing a spacious front yard currently fashioned with drought tolerant, low maintenance landscaping and custom pavers, you access the front door and two car garage. The main living areas are all at street level, as are the primary en suite and an additional 2 spacious bedrooms and bathroom, totalling 1,702 square feet. The kitchen has been renovated and opens up into a large, bright living room with french doors connecting to the 880 square foot deck with hill views. The large formal dining room with additional seating area and cozy fireplace also opens to the back deck through french doors, making the home well suited to gathering and enjoying the amazing microclimate of this part of Arroyo Grande in true indoor/outdoor living fashion. An additional 880 square feet downstairs, accessible from inside the home or, from separate exterior entrances, was most recently used as a completely separate apartment. There you will find that 880 square feet affords a large, open living room and kitchen area, storage, and a large bedroom and bathroom. This space is also ready to be utilized as an extension of the mian home upstairs by providing a second living space and bedroom or office or, as a fully independent guest suite or apartment. The home has been extensively updated, including: hard surface floors throughout, windows thorughout and a stone coated steel, Cal-Pac roof. This home is walking distance to the Village of Arroyo Grande and all its restaurants, shops, farmer's market and events. It's also just minutes to Hwy 101, a few exits from downtown Pismo Beach, and sitting right between Corbett Canyon and Orcutt roads to quickly take you through Edna Valley wine country to San Luis Obispo. A huge draw for many to the neighborhood is that it is walking distance to Paulding Middle School and zoned for Branch Elementery. If you haven't seen this special home and it's special location, contact your Realtor today. It's a truly versatile home ready to adapt to all kinds of modern living goals.