Opportunity knocks on this solid, spacious ranch offering easy one-level living! Set on a generous 0.70-acre lot on the outskirts of town. This ''cute as a button'' home features 3 bedrooms, 1 bath, an attached 1-car garage, and nearly 1,100 sq ft on the first floor--plus a huge two-season porch right off the kitchen. The porch is the ultimate bonus space--perfect for entertaining, a playroom, a hobby room, or a peaceful private retreat complete with a porch swing. Inside, you'll love the cozy living room with a wood stove, and you'll appreciate year-round comfort with a 5-head heat pump system for efficient heating and cooling. Since 2019, the current owners have completed several key updates, including a new electrical panel, a new dishwasher, new heat pumps on the first floor and in the basement, new heat pump - hot water heater, a new roof, and spray foam insulation between the basement joists. A prior owner also added vinyl shake-style shingles for a stylish, low-maintenance exterior. Need more space? The basement is already partially finished. Build instant equity by completing it. Heat, electric, and plumbing are already roughed-in and inspected, and there's an open permit which buyers can take over, on file with the town for a family room, office, bathroom, and laundry room--ideal for a Purchase Plus Improvement Loan (or a great project for handy buyers and contractor connections). With the potential to nearly double the finished living area, this is an exceptional opportunity. Don't miss this rare one-level home offering comfort, space, and potential--just minutes to downtown Gray with restaurants, cafs, shopping, and everyday amenities nearby. A 30-minute drive to Portland, Jetport or Augusta.