Welcome to this spacious single-level home in Bellingham's highly sought-after Happy Valley neighborhood! Offering 1,704 SF with 5 bedrooms & 2 full bathrooms, this versatile property is equally suited as a primary residence or great investment opportunity. The open-concept living room, dining area & kitchen create an inviting gathering space, while the additional sitting area offers flexibility for a home office, playroom or media room. Fresh interior & exterior paint, new flooring & abundant natural light give the home a bright, refreshed feel. Situated on a corner lot, the private side yard provides plenty of room to relax, garden or entertain, complete with a cute greenhouse. Off-street parking adds everyday convenience. The location is truly exceptional, enjoy an easy walk to the shops, restaurants & waterfront of historic Fairhaven, one of Bellingham's most desirable neighborhoods. You'll also appreciate being just minutes from Western Washington University, the Interurban Trail system, grocery stores, schools & WTA bus line. With a strong rental history & recent zoning changes, buyers may wish to explore the property's future potential for a detached ADU (DADU), or other development opportunities, subject to buyer verification & City approval. Whether you're looking for a place to call home, a proven investment, or an opportunity with future potential, this Happy Valley property offers exceptional flexibility in one of Bellingham's most sought-after locations.