Rare lake views, surprising functional space, and exceptional versatility in Cinnabar Valley! A private driveway leads up to this elevated residence on a peaceful no-through street, capturing panoramic views of Richardson Lake and the valley. Featuring a highly rentable lower level with great mortgage-helper potential, the layout offers smart flexibility and the potential for up to 3 separate entrances for ultimate privacy, multiple living, or rental arrangements. The upper floor features Brazilian hardwood, an updated kitchen, a gas fireplace, 3 beds/1 bath, and an expansive, comfortable deck. A custom roof of durable metal and clear panels bathes the deck in natural light, creating an ideal space for year-round relaxation. The walk-in lower level provides abundant living space, featuring 2 beds, 2 baths, a family room with a wood stove, and a flex room. It also includes 2 bar areas for light cooking. The entire house is equipped with two sets of laundry facilities. Beat the increasingly hot summers with complete peace of mind: this home features a premium Daikin heat pump providing whole-house air conditioning. Additional upgrades include 200-amp underground power, R-40 attic insulation, a 2019 roof, and vinyl windows. Property highlights: Parking: RV parking possible, plus a large parking area for multiple vehicles. Outdoor space: Fully fenced, large backyard. Only a 13-min drive to VIU, and ~14–18 mins from Hullo, Duke Point, and Departure Bay ferries! (id:60457)