Rarely does a home offer this level of flexibility in one of Lake Oswego’s most sought-after locations. Nestled in the desirable Kennycroft neighborhood and within the highly acclaimed Lakeridge High School attendance area, this thoughtfully updated single-level ranch blends timeless comfort with exceptional versatility.Rich hardwood floors, a warm Scandinavian gas fireplace, and abundant natural light create an inviting living space, while the beautifully expanded and remodeled primary bath brings a touch of everyday luxury. The kitchen features a gas range and flows seamlessly into the main living areas, making it equally suited for quiet evenings or entertaining family and friends. A truly unique feature is the professionally converted third bedroom, designed with its own private entrance, half bath, fire-rated separation, and upgraded electrical panel. Previously operated under a Home Occupation Permit, this flexible space offers outstanding potential for a salon, massage or wellness practice, tax or accounting office, artist’s studio, private office, guest quarters, or multigenerational living. Three dedicated parking spaces adjacent to the private entrance make client or guest access exceptionally convenient, while the main driveway offers additional off-street parking. Buyers should perform their own due diligence regarding future permitted uses. Situated on a beautifully fenced corner .26-acre lot, the property offers space to garden, play, or simply relax. A capped well provides the opportunity to irrigate the lawn and landscaping, and ownership includes access to thexxx. This is more than a beautiful home—it’s a rare opportunity to enjoy single-level living in an outstanding school district while benefiting from a property that adapts to your lifestyle, business, or future needs. Lake Grove Swim Park permit available once deed transfers, buyer to supply supporting documentation to obtain permit.
ARCHITECTURE
Architecture Style: 1-Story, Ranch
Stories: 1
Condition: Resale
Year Built: 1964
Roof Type: Composition
Foundation Details: Concrete Perimeter
Basement Details: Crawl Space
INTERIOR FEATURES
Heating Type: Forced Air
Fuel Type: Electricity, Gas
Interior SqFt: 1502
Number of Fireplaces: 1
Fireplace Fuel: Gas
EXTERIOR FEATURES
Lot Features: Corner Lot, Level
Lot size (Acres): 0.23
Garage Spaces: 2
Water Source: Public Water
Sewer: Standard Septic
Garage Type: Attached
SCHOOLS
Elementary: River Grove
High School: Lakeridge
Middle: Lakeridge
TAX & FINANCIAL
Annual Tax: $4457.6
Terms Considered: Cash, Conventional, FHA, VA Loan
Tax Year: 2025
LISTING INFO
Listing courtesy of Knipe Realty ERA Powered | 503-432-3445
Member of: National Association of REALTORS® (NAR)
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Property ID - | 837067
Agents make every effort to ensure the accuracy of listing details; however, all buyers should conduct their own due diligence before making decisions. Neither the listing agent nor the brokerage shall be liable for errors, omissions, or outdated information. All data is provided as a service and is intended strictly for the personal, non-commercial use of potential buyers.