Set on over 2 acres in Cobourg's desirable Skye Valley community, this spacious family home offers room to grow, inside and out. With generous square footage, a flexible layout, and in-law potential on the lower level, it's an excellent opportunity for those looking to update and make a home their own. The main level features a bright living room with a bay window, a formal dining area ideal for family gatherings, and a large eat-in kitchen with abundant workspace, open shelving, and a breakfast area overlooking the private pond. A deck walkout extends the living space outdoors, perfect for taking in the peaceful setting. The family room with fireplace, main-floor office, guest bath, and laundry room with garage access complete this level. Upstairs, the primary suite offers a bayed sitting area and ensuite with both tub and shower enclosure, along with two additional bedrooms and a full bath. The lower level adds exceptional versatility, featuring a large recreation room with a fireplace, a den or office, bedroom, and ample storage or workshop space, along with walkouts to the yard, a great setup for extended family or guests. Outdoors, the property offers plenty of room to explore or garden with a tree-lined perimeter, private pond, and multiple outdoor seating areas. This property presents a rare combination of size, setting, and potential in an ideal location, just minutes from town amenities and with easy 401 access. An ideal choice for buyers seeking space, privacy, and a project with long-term upside.