Welcome to the Frame Subdivision in Waverley—where quiet streets, lake life, and flexible living come together. This well-kept bungalow offers two legal units, making it perfect for homeowners looking to offset their mortgage or investors seeking a turnkey opportunity. Upstairs, you’ll find a bright 3-bedroom home filled with natural light, featuring large windows, hardwood floors, and its own ductless heat pump for efficient year-round comfort. Downstairs, a fully renovated (2016) 2-bedroom + den unit offers its own space with two grade-level walkouts and a separate ductless heat pump—ideal for tenants or extended family. A shared laundry and storage room adds everyday convenience and practical functionality for both units. Set on a flat, private lot, the backyard backs onto a peaceful flowing brook (yes, people fish here!) and offers plenty of space to enjoy the outdoors. Just steps away, you’ll also have deeded access to Lake William with a shared dock for swimming, plus a convenient public boat launch nearby. With separate power and hot water tanks for each unit, municipal services, and a location in one of Waverley’s most desirable subdivisions, this is an opportunity you don’t want to miss.