Located in the family-friendly Southwood Park neighbourhood on Fredericton's south side, this versatile split-entry home offers an excellent combination of space, flexibility, and income potential all in a highly desirable area close to schools, parks, shopping, and transit. The upper level features three bedrooms, a separate dining room, a large living room, a prep kitchen, and access to a spacious deck overlooking the fully fenced backyard ideal for kids, pets, and entertaining. The lower level is currently rented and includes two bedrooms, a large living room, a three-piece bathroom with shower, a second kitchen, and a walk-out to a patio area, making it a great option for a granny suite, in-law accommodation, or rental income. A storage shed adds even more function. With the upstairs becoming vacant at the end of January, this property offers a rare opportunity for buyers to live upstairs while generating income below, or to convert it back into a spacious single-family home. Whether you're a homeowner looking for flexibility or an investor seeking built-in income in one of Fredericton's most popular south-side neighbourhoods.