This home presents like a rancher from the street, with a walk-out lower-level suite offering extra space for family, guests, or live-in support. Both levels feature stunning ocean views! The main level has 3 bedrooms, 2 renovated baths, a modern kitchen, full garage, wraparound deck, laundry, heat pump with A/C, and a propane fireplace. The lower suite is vacant and includes 1 bedroom plus den, 1 renovated bath, updated kitchen, laundry, propane fireplace, and a large covered patio with parking. Set on 0.69 of an acre in desirable North Qualicum and priced $126,000 below assessed value, this move-in ready home offers flexibility and comfort. Additional highlights include over 400 sq ft of indoor storage, a powered workshop, RV parking, irrigation system, and no Poly-B plumbing. Located in a quiet cul-de-sac just 5 minutes from Bowser and 15 minutes from Qualicum Beach, this is a perfect blend of privacy, space, and value.