Charming and well-maintained, this 3-bedroom, 2-bathroom home is perfectly situated in the heart of Waitsfield, nestled in Vermont's beautiful Mad River Valley. With desirable mixed-use zoning, this property offers flexible living and business opportunities. Inside, you'll find a bright and open kitchen/dining area ideal for gatherings, a spacious first-floor bedroom, first-floor laundry, and a second kitchen that provides added functionality-perfect for extended family, guests, or potential rental options. A loft/office space above the primary bedroom offers a cozy retreat, perfect for a home office or additional family room. Step outside to enjoy a peaceful, private covered porch with local views. A detached garage offers additional storage or workspace. A new roof was installed in 2024, offering added value and peace of mind. A hybrid heat pump water heater was added in 2019, enhancing energy efficiency and comfort. Located within Irasville Village, you're just moments from all the Mad River Valley has to offer: world-class skiing at Sugarbush and Mad River Glen, cross country skiing, scenic hiking and mountain biking trails, golf, and a wide selection of restaurants and shops. Whether you're looking for a cozy full-time residence, a weekend getaway, or a home-based business opportunity, this property delivers. Also listed as a commercial property under MLS# 5057886. A true must-see in one of Vermont's most sought-after communities!