Nestled in a coveted Grey Lynn locale, this fully renovated California bungalow offers an unparalleled opportunity for discerning investors, those with extended family and astute owner-occupiers. With dual living options, this home provides the flexibility to reside in one residence while reaping the rewards of high rental returns from the other.

The property has undergone a complete transformation, boasting a new roof, LED lighting, fresh paint inside and out and brand new kitchens and bathrooms. Original rimu timber floors have been lovingly restored, adding a touch of timeless elegance.

Upstairs, a spacious four bedroom haven awaits. The tiled bathroom features underfloor heating and a standalone bath, while a sprawling 40+ sqm north-facing deck extends from the kitchen, perfect for alfresco dining and entertaining. The open plan living, dining and lounge area is anchored by a new gas fireplace, complemented by a heat pump, while the bespoke kitchen is a chef's dream, with ample storage space, a stone waterfall edge kitchen island and with French doors leading to the deck. New window blinds ensure complete privacy.

Downstairs, a self-contained two bedroom flat offers modern living at its finest. The cleverly designed bathroom includes a large storage cupboard and laundry, while a separate toilet adds convenience. The generously sized kitchen boasts a pantry and soft-close drawers and gas hobs. A heat pump ensures year-round comfort, and the master bedroom features ample wardrobe space. Additional storage cupboards in the lounge and under the island maximize functionality.

The property also includes an outdoor multipurpose room, ideal as a yoga studio, consulting room, or man cave, plus a garden shed at the rear. Three off-street car parks and a fully landscaped outdoor area complete this exceptional offering.

With a potential rental return of approximately $1250 per week for the upstairs residence and $750-$780 per week for the downstairs flat, this home is a savvy investment opportunity not to be missed.