Welcome to 735 Mountain Ash Road, a well-maintained raised bungalow offering exceptional flexibility in Peterborough's convenient south end. Whether you're a first-time home buyer, an investor, or a family seeking multigenerational living, this property offers a versatile layout designed to suit a variety of lifestyles. The main floor features a bright and functional layout where the spacious kitchen, dining area, and living room flow seamlessly together, creating an inviting space for everyday living and entertaining. Two generously sized bedrooms, a large bathroom, and convenient main-floor laundry complete the level. The lower level offers excellent in-law suite potential with a kitchenette, living area, bedroom, bathroom,and separate laundry facilities. A private entrance through the attached single-car garage adds flexibility and privacy, making the space ideal for extended family, guests, or additional living arrangements. Extensive updates completed in 2022 include a new roof, a renovated main-floor kitchen and lower-level kitchenette, updated flooring, bathrooms, and fresh paint throughout. More recently, a new air conditioning system was installed in 2026, adding to the home's overall comfort and value. Outside, the fully fenced backyard provides plenty of room for children, pets, gardening, and outdoor gatherings. The attached single-car garage and driveway offer convenient parking and storage. Location is a true highlight. Situated just minutes from Lansdowne Place, Costco, grocery stores, restaurants, parks, schools, and recreational amenities, you'll enjoy easy access to everything you need. Commuters will also appreciate the quick connection to Highway 115 for travel throughout the region and beyond. Combining recent updates, flexible living space, and an unbeatable location, 735 Mountain Ash Road presents an outstanding opportunity for buyers seeking a home that can grow and adapt to their needs for years to come.