Rarely does Cadboro Bay offer this much FLEXIBILITY. 2 blocks from the Village, 4 from the ocean, & 2 from UVic, this is a home that lets you LIVE WELL & EARN INCOME at the same time. The main residence is PRIVATE & BRIGHT, with hardwood floors, an updated kitchen, a generous living room anchored by a fireplace & its own laundry. A covered deck opens to a patio & hedged, fully fenced yard spaces - a detached office is a perfect bunkie or work from home spot. Below, TWO complete SELF-CONTAINED studio suites, each with full kitchen, 4-piece bath & entry; sharing a laundry room between them. One is tenanted; the second is VACANT on possession & joined to the main floor by existing stairs, ready to rent, to welcome family, or to be reclaimed as your own living space without lifting a hammer. The costly work is long done - perimeter drains, roof, electrical, heat pump & windows. For the multigenerational family, the investor, or the buyer who has waited for Cadboro Bay on their terms.