Opportunity awaits with this single-family home on a spacious lot featuring an oversized 3-car detached garage! Approximately one block from the lake, this unique property offers 2 bedrooms and 1.5 baths (tax records show 1 bed/1 bath). Enter through the enclosed front porch into a sunlit living area with peek-a-boo views of the lake. The large open kitchen includes a pantry and washer/dryer hookups. There is a den/dining room between the two bedrooms. The back bedroom features numerous windows with Central Park views and an attached half bath. The expansive backyard provides ample room for expansion or potential for an ADU. Zoned Downtown Specific, this property allows for various residential and commercial uses (subject to approval). The completely fenced yard ensures privacy, and the 3-car detached garage (approximately 36 ft x 18 ft) includes additional storage space and a shed in the back. The lot accommodates RV and boat parking. This property backs Main Street Park with no neighbors behind and adjacent to an undeveloped lot, this property offers tranquility and convenience. Enjoy lakefront strolls and sunsets over the Elsinore Mountains. Nearby amenities include Main Street shopping, restaurants, parks, and more. Conveniently located off the 15 freeway, just north of Temecula wine country and within walking distance to Southern California's largest freshwater lake. Buyer to verify bed/bath count, square footage, additions, permits, property lines, easements, zoning, usage and any other information to their satisfaction.