Unique Manitou property with income potential and room to build! This gem sits nestled in the hills below Red Mountain on a quiet street with incredible views. You could live in the main house, rent out the cottage, and build your dream home, if you wanted! Theres plenty of room as this property contains 5 lots, and the house and cottage sit on only a little over 2 of them. The main house features a wrap around deck, the perfect place to soak in the views and afternoon sun. As with many houses in Manitou, this home was built in a few phases, with the massive primary bedroom with walk-in closet being the most recent. This home gets lots of natural light due to the abundance of windows, most of which have been updated to vinyl. In the past few years the owners have done tons of work including a French drain along the back, plus other crucial measures to ensure water is diverted away from the foundation. In addition, the sewer was lined last year and still has over 9 years left on its transferable warranty. Most interior plumbing has been updated to PEX and much of the flooring has been upgraded to LVP in the main house. Roofs on both units are only a few years old, as are the water heaters. The cottage is ready to go as-is, but also has room to update it to your liking. Step outside to find several different areas to explore and hang out, including a beautiful vegetable garden ready for planting, a trampoline, climbing wall, chicken coop, play area, and of course the huge deck and vacant lots next door. This property also features a large new shed, and a long driveway to park vehicles, trailers, etc. ON TOP OF ALL THIS, there is a 1 car detached garage with 2 remotes and its wired for an EV charger! Walking distance to downtown Manitou, and located close to Intemann Trail access for biking/hiking. This property has been PRE-INSPECTED! *Property is within a historic subdistrict.*