*Great potential for future development into small community to encompass multiple homes or a wonderful estate lot in prime location** This home is the one you've all been waiting for. Make your way through the tree-lined driveway leading to its lovely private setting as the house reveals itself. Sitting back from the road makes for a fantastic oversized front yard, perfect for play. The home is located in the charming Historic Old Town Suwanee district, boasting an unbeatable location on the Suwanee Bike Path. It's also within walking distance to the town, the library, and just a short distance from Suwanee Town Center restaurants and the amphitheater. The lovely brick-front ranch sits on a special lot of approximately 2 acres, providing an easy lay of the land and potential for future building sites or development, making it a fantastic opportunity. The main level of the house features soaring ceiling heights, plenty of natural light, a primary suite on the main floor with a large closet, two additional secondary bedrooms on the main floor, an open concept, a separate dining area, and a sunroom. The home has brand-new flooring and fresh neutral paint throughout, ready for your personal touches. In addition, the home includes a finished terrace level with a full in-law apartment, perfect for multi-generational living and sound reducing barriers installed between levels. The terrace level features two bedrooms, 2 bathrooms including a large ADA bathroom, a secondary living room, a full kitchen, a second laundry area, a separate private entrance, and a private rear driveway. The terrace level is designed to provide easy ADA access throughout and would be a great income producing opportunity as well. Additional features include a new deck, elegant copper gutters, ample built-in storage space, a spacious custom laundry room, and finished bonus space over the garage, perfect for office space. The outdoor entertainment areas feature a treehouse and a social firepit area for gatherings and smores. No HOA encumbrances exist, and the property is convenient to major highways, interstates, and shopping. This fabulous property offers privacy and acreage while enjoying the perks of in-town lifestyle living.