Looking for extra income potential? With its spacious layout & multiple levels, this home could be converted into a duplex-style property—live in 1 unit & rent the other to help pay your mortgage. Just 20 minutes from Messalonskee Lake, you'll also have convenient access to outdoor recreation year-round. Access to the highway is minutes from your door, getting you to Portland or Camden to about 1 hour. A charming & versatile New England-style single-family home located on a quiet dead-end street in the heart of Waterville, Maine. This 1918 square feet property boasts 5 bedroom, 1.5 baths, and combines classic character with modern comforts, & is just a short walk from historic downtown Waterville. It's also conveniently located near Colby College, Thomas College, the YMCA, the Film Festival, & the Opera House. Step inside to a warm and inviting layout featuring a large living room with a Vermont Castings gas fireplace, a formal dining room, & a well-appointed kitchen with a gas range on the 1st floor. A lovely glassed-in porch adds charm. The 2nd floor hosts 3 comfortable bedrooms, a full bathroom, & an oversized laundry room, while the 3rd floor offers 2 more bedrooms perfect for guests or home offices! Out front, you'll find a welcoming patio complete with a fireplace. The fenced-in backyard adds privacy and room for pets. With 6 off-street parking spaces, there's no shortage of room for guests or tenants. The home is also equipped with security cameras for added peace of mind. Located on a priority power grid, this property rarely loses electricity—an invaluable feature in Maine's seasons. Offering space, charm, flexibility, & an unbeatable location, 2 Elm Terrace is a rare opportunity in Waterville & Maine.