Channel front living on Lake Wawasee with space, flexibility, and over $100,000 in recent improvements?this move-in-ready ranch delivers both lifestyle and income potential. Set on a spacious 0.58-acre corner lot with over 300' of channel frontage, this property offers a private, low-traffic setting just minutes to the main lake, downtown Syracuse, and the Syracuse-Wawasee Trail. Inside, the home features a bright, open layout with large windows, water views, and seamless flow between the living, dining, and kitchen spaces?ideal for everyday living and entertaining. The living room is anchored by a fireplace and opens directly to the expansive waterside deck, creating an easy indoor-outdoor connection. The kitchen is well-equipped with granite countertops, tile backsplash, stainless steel appliances, and abundant cabinetry. The primary suite offers private deck access and an updated en suite bath, while two additional bedrooms and a full bath provide comfortable accommodations for family and guests. A standout feature of this property is the attached efficiency apartment with private entrance?complete with kitchenette, living area, and full bath. Ideal for guests, extended stays, or added income. For buyers looking to maximize investment potential, the property offers the opportunity to rent out 5"7 boat slips along the extensive channel frontage?creating multiple income streams rarely found in this price point. Extensive recent upgrades provide peace of mind and set this home apart, including new roof, gutters, soffits, upgraded electrical panel, generator with automatic transfer switch, crawl space improvements with spray foam insulation and vapor barrier, new ejector pumps, water softener, connection to city water, & professional interior paint throughout. Outdoor living is just as impressive with a large deck, tiki bar, mature trees for privacy, and ample parking for guests, boats, and lake toys. The generous channel frontage offers easy navigation to both Lake Wawasee and Syracuse Lake. Location is a major highlight?just off the Syracuse-Wawasee Trail and close to local restaurants, shops, & marinas. Walk, bike, golf cart, or boat to your favorite waterfront spots and enjoy everything lake life has to offer right from your doorstep. This is a rare opportunity to own a well-updated channel front property with flexible living options, strong mechanical improvements, and built-in lifestyle & income potential in one of Wawasee's most convenient locations.