Welcome to 306 Cherry Avenue, a charming bungalow that offers flexibility and opportunity in a great location! This property is perfect whether you want to live in the upper unit and rent out the lower one or invest in a two-unit property with a strong rental history (previously $2,100 for the upper unit and $1,050 for the lower unit). The main level features three bedrooms, one full bathroom, and a bright, inviting living and dining area, complete with hardwood floors and French doors. The kitchen is designed for everyday living and offers plenty of storage. Downstairs, you'll find a separate one-bedroom plus den apartment that includes its own full bathroom and a large storage room. Outside, enjoy a private deck, a large baby barn, and an additional storage shed. Major updates include a new roof (2023) and new vinyl siding (2024). A ducted heat pump provides efficient heating and cooling throughout the entire home for year-round comfort. Located in the popular Fulton Heights neighbourhood on Fredericton’s Northside, this property is within walking distance of Park Street Elementary and Nashwaaksis Middle School. It’s also just steps away from a playground on the same street and close to Fredericton’s extensive trail system.