Welcome to 27 Frederick St, Waterbury, CT-a property bursting with possibilities and charm, perfect for investors or those looking to create a multi-generational living space. This expansive home currently offers 7 bedrooms and 2.5 baths. On the 1st floor, you're greeted by a grand foyer that opens into a large living room with a classic fireplace. Down the hall, you'll find a spacious kitchen, a laundry room, and a large master bedroom. The half bath on this level could easily be converted into a full bath, and there's even potential to add an extra room. Just off the kitchen, a door leads to the back deck, providing access to the backyard and the 1-car garage. The 2nd floor is a fantastic opportunity to convert back into a separate unit, as it already has a second exit in place. Once completed, this level can include a kitchen, living room, bathroom, and two bedrooms, making it an ideal rental unit or private living space. Currently, featuring - a full bath with four large bedrooms. The 3rd floor boasts two additional rooms and a full bathroom, perfect for turning into a studio apartment or additional living quarters. The possibilities are endless! On a corner lot with ample off-street and on-street parking and a fenced yard offering privacy and space for outdoor activities.This property is truly a blank canvas for those looking to add value and maximize returns with its flexible layout, rental potential, and prime location.