Positioned on the western shore of Cayuga Lake, this two-unit income property offers a rare combination of steady cash flow and functional lakeside utility, making it an excellent opportunity for an investment portfolio or an owner-occupant looking to live comfortably while a tenant pays the mortgage. The main structure features a practical layout split into two distinct, high-utility living units serviced by public water, public sewer, and natural gas. The larger side provides a comfortable three-bedroom, 1.5-bath floor plan with its own dedicated laundry room. The secondary unit is a well-proportioned two-bedroom, one-bath layout anchored by an elevated, second-story three-season room that perfectly captures quiet morning light and sunrises over the water. The full basement, with a little elbow grease and TLC, offers potential to be transformed into a finished recreation space, an expansive home workshop, or simply storage. Outside, a private backyard serves as a quiet retreat for relaxing and hosting weekend gatherings, while a paved driveway offers four-plus dedicated parking spaces to effortlessly accommodate tenants and guests. Located in a low-traffic lakeside corridor just minutes from local parks, trails, village amenities, this versatile property delivers solid bones and immediate rental potential. Schedule your private visit today to tour this investment.