Spacious Colonial in Desirable Indian Lake Community! Set on a rare & highly sought-after .60 acre lot, this impressive home offers over 3K sqft of living space +incredible potential in the unfinished bsmt w/plumbing already in place for a future 4th bath. A classic layout welcomes you with a formal living room, formal dining room & a warm, inviting family room w/WB stove, perfect for everyday living & entertaining. The eat-in kitchen offers great flow & functionality with an open canvas to redesign to your personal taste. Upstairs features 4 generously sized bdmrs & 2 full baths, including a spacious primary suite. A standout bonus is the loft space over the garage, currently used as a private apt w/ 3 additional rooms including a bdrm & full bath. Located in R2A zoning, this setup offers potential for a legal 2family configuration, with the opportunity to add a full kitchen & separate entrance, ideal for rental income, guests, extended living, or home office flexibility. Home also features 2 gas meters, supporting multigen or income producing potential. With great bones, a desirable layout, & an unbeatable Denville lot & location, this home presents a fantastic opportunity, a few cosmetic updates can significantly enhance value & appeal. Enjoy all that Indian Lake has to offer, including 3 beaches, clubhouse events, boating, fishing, swimming & skating. Just mins to DWTN Denville, top rated schools, shopping, dining, & NJ Transit to NYC. Easy access to major highways.