Set on a beautifully landscaped and increasingly rare 0.44-acre lot in the heart of Milwaukie, this thoughtfully updated home offers the perfect balance of space, comfort, and flexibility. Inside, you'll find an updated kitchen and baths, fresh interior paint, and new carpet throughout. The functional floor plan lives large, featuring a spacious primary suite on the main level, while two generously sized bedrooms upstairs share a full hallway bath. The partially finished lower level expands the home's versatility with a 4th bedroom, half bath, and abundant storage space - ideal for guests, hobbies, or a home office. Outside, the expansive two-story shop and additional outbuilding offer endless possibilities for makers, collectors, small-business owners, or anyone in need of substantial workspace and storage. Enjoy the privacy and room to spread out while remaining just minutes from Milwaukie's best amenities, including New Seasons Market, the popular Milwaukie Station and 1847 food cart pods, local shops and restaurants, and the vibrant downtown farmers market. With easy access to parks, trails, and downtown Portland, opportunities like this, offering nearly half an acre and exceptional shop space in such a convenient location, are few and far between.