Charming opportunity in the highly sought-after Village on the Lake neighborhood of Lake Oswego! This home offers excellent potential with an entry-level price point for the area, thoughtfully priced to reflect the need for a new roof and some minor repairs. The versatile bonus room features a walk-in closet and could easily be converted into a fourth bedroom, providing added flexibility for living or guest space. Property is eligible to join the neighborhood Village on the Lake Easement, the largest on the Lake featuring 2 floating trampolines, a water slide, multiple Hydro bikes, and lots of storage for canoes, kayaks, paddle boards and more! A great chance to invest in one of Lake Oswego's most desirable communities in a highly sought after location. Make this home your own!