Located in the highly desirable Old Northwest, this spacious home offers a rare combination of size, lot, location, and value just minutes from the University and zoned for Reno High School. With over 3,300 square feet, five bedrooms, and three full bathrooms, the layout provides exceptional flexibility, including a large bonus room in the finished basement that lends itself to multiple uses. The configuration presents a compelling opportunity for an owner to live upstairs while exploring potential use of the lower level as a separate living area, subject to buyer verification and any required approvals. A pathway from the driveway to a rear basement entrance further supports the possibility of separate access. Situated on just over a third of an acre, this is one of the largest available lots in Old Northwest, offering room to breathe and space to create meaningful outdoor living. The home is fresh, clean, and move-in ready, featuring fresh interior and exterior paint, mostly new electrical outlets, and brand-new luxury vinyl plank flooring in the finished basement. The kitchen and bathrooms offer an excellent opportunity for strategic updates, allowing a buyer to add value over time while benefiting from strong fundamentals today. Easy freeway access, proximity to the University, Rancho San Rafael, and nearby amenities enhance everyday convenience and long-term desirability. Offered at one of the lowest price-per-square-foot opportunities in Old Northwest, this is a home where flexibility, long-term livability, and future upside align.