Opportunity abounds in this Colchester cape. Located only half a mile from Lake Champlain and the Marina, you'll love being so close to countless activities. The home sits on a large double lot with an acre of mostly open land creating a large backyard. The home's location in Colchester's General Development One (GD1) zoning district creates many possible uses for the property. Enjoy the ease and convenience of one level living with all the bedrooms and full bathroom being on the same floor. Enter the home through a spacious enclosed porch and into the eat-in kitchen. The full bathroom is located just off the kitchen while the living room is found at the front of the home. The home offers the potential for more the addition of more living space by finishing the attic or walk-out basement. The detached garage provides room for your cars while a shed in the yard provides space for tools. Updates to the property include a newer metal roof and updated furnace converted to natural gas. The septic was inspected last year and a weatherization audit was recently performed. With some work and your vision, this home could be the perfect place for you or could even make a great rental.