Welcome to 12 Old Colony Way - a stunning 1,480 sq. ft. townhouse nestled in the desirable Briarcliff community. This end unit boasts the most spacious floor plan available at Briarcliff, perfect for comfortable living, hosting guests and producing rental income. The main level and the second floor feature two bedrooms, two baths, a central kitchen with updated appliances, and a washer/dryer. The lower level, with interior access, can be locked-off from the main level, has its own exterior entrance, includes a full bath, a kitchenette, a queen-size bed, its own washer/dryer, and a great rental history as a separate unit from the main house. Enjoy two outdoor areas - a generous deck off the main living area and a patio off the lower level. The property also includes two separate off-street parking spaces, along with guest parking - a rare find in Provincetown. Recent upgrades include remodeled bathrooms, a renovated kitchen, and new Andersen windows and sliding doors. With an excellent rental history and offering great value on a price per square foot basis, this property is an outstanding investment opportunity or a wonderful place to call home.