This wonderful family home in the sought-after Lake Hill area offers space, updates, and flexibility. The main floor features two bedrooms, a bathroom, a dining area, and a bright living room with original oak hardwood floors. The new kitchen opens onto a generous deck overlooking the fully fenced, south-facing backyard. The lower level offers three additional bedrooms, a second bathroom, a gym, a spacious laundry room, and new vinyl flooring. Also, a recently constructed loft suite, provides character and opportunity for extended family, guests, or rental income. Additional updates include a heat pump, new gutters, and updated perimeter drains. Situated on a large corner lot on a quiet street, this home is conveniently located near schools, UVic, parks, walking trails, shopping, and public transit. With plenty of indoor and outdoor living space, this is a rare opportunity to own a versatile home in a highly desirable neighbourhood.