Opportunity meets versatility at 15 Bellows Street in Fairfax. Set on 4.44 acres, this distinctive colonial/contemporary-style home offers more than 4,200 square feet of finished living space, potential for an accessory dwelling unit, and owned frontage along the Lamoille River just across the street. The main residence features 3 bedrooms, 2.5 baths, and an impressive living room highlighted by soaring cathedral ceilings reaching approximately 25 feet and abundant natural light. A spacious primary suite with vaulted ceilings provides a private retreat, while the home's generous floor plan offers plenty of room for gathering, entertaining, working from home, or simply spreading out. Above the attached garage is a separate approximately 624-square-foot, 1-bedroom, 1-bath studio space that could be an ADU, offering excellent potential for extended family, guests, or additional income. The unit is largely finished and awaits appliances and completion of independent exterior access. The possibilities continue downstairs with a massive basement featuring a hot tub area and a roughed-in approximately 15' x 15' 5 foot deep indoor pool; an intriguing starting point for a future recreation space, home gym, workshop, or other creative use. An outdoor wood-fired boiler provides an additional heat source for the home, offering flexibility alongside the conventional heating system and an appealing option for managing heating costs during Vermont winters. Outside, multiple decks overlook the property, while the acreage provides room to enjoy the Vermont setting. Across Bellows Street, the property continues to the banks of the Lamoille River, offering substantial privately owned river frontage and an uncommon recreational amenity. For buyers willing to invest some effort, the combination of size, secondary living space, acreage, river frontage, and location creates a property with tremendous potential that would be difficult to replicate at this price point.