An incredible Multi-Generational Living Opportunity within Walking Distance of Downtown Excelsior! Rarely does a property offer this much flexibility! Situated on a beautiful, wooded 1-acre lot, this unique property features a well-maintained 3-bedroom, 3 bathroom home PLUS a separate 1-bedroom apartments above the garage, complete with it's own kitchen and private entrance. Ideal for multi-generational living, extended family, guests, or those seeking separate living quarters while keeping loved ones close! The main home blends timeless charm with modern updates, including hardwood floors, an updated kitchen with birch cabinetry and granite countertops, and a beautiful new gas fireplace. Quality French doors open from the living room to a new patio, creating a wonderful connection to the outdoors. The main floor also features a new mudroom and half-bath with distinctive Bespoke tile flooring. Additional improvements include updated bathrooms with new vanities and stylish Bespoke tile flooring in the upstairs, lower-level, and apartment bathrooms. The finished lower level offers an inviting bedroom, updated bathroom, and refreshed laundry area, while a stunning new staircase with maple runners and an elegant iron railing adds another touch of quality and craftsmanship. Enjoy the refurbished screened porch featuring new EZ-Screen porch windows, fresh paint, beautiful alder flooring, and a new patio door. Custom window blinds throughout the home provide another thoughtful finishing touch. All this on a private, wooded acre just a short stroll from downtown Excelsior's charming shops, restaurants, and beautiful Lake Minnetonka!