Under contract-accepting backup offers. Please note that this is a 1 bedroom currently but at one time was a 2 bedroom as reflected in county records. Located in the heart of Colonialtown North, one of Downtown Orlando's most desirable and walkable neighborhoods, this updated 1-bedroom, 1-bath bungalow offers the rare combination of move-in-ready comfort and future development potential. Ideal for a single buyer or couple, the home features vaulted ceilings, new LVP flooring throughout, a refreshed kitchen with recently installed cabinets, countertops, slow-close cabinetry, eat-in bar seating, and brand-new appliances including dishwasher, range, refrigerator, and garbage disposal. The bathroom has been updated with a new vanity, and a dedicated laundry room provides additional storage. Major improvements include a newer AC (2022) and 220-volt EV charging already in place. Outside, enjoy a huge yard with fire pit and porch area-perfect for entertaining-plus a large rear shed for additional storage. Zoned R-2, this property offers outstanding flexibility: enjoy the home as-is, expand with an ADU or in-law suite, or take advantage of the zoning for future redevelopment or new construction. Its unbeatable location places you just steps from neighborhood favorites like Black Bean Deli, Hand Coffee, Quicksand, and the vibrant Mills/50 dining and nightlife corridor. Whether you're looking for a charming, move-in-ready home in a premier neighborhood or a strategic investment opportunity with long-term upside, this Colonialtown North property delivers on location, livability, and potential.