116 S Walker Lane PRICE IMPROVEMENT -- Now offered at $275, 000, this updated Oak Ridge cottage delivers rare flexibility at an affordable price point. With approximately 1, 564 finished square feet, the home is thoughtfully split between the main level and finished walkout lower level, offering about 782 square feet on each floor. The main level features an efficient layout with a comfortable living area, eat-in kitchen, 2 bedrooms, 1 full bath, updated flooring, stainless appliances, and a neutral interior palette. The finished lower level adds valuable versatility with its own private exterior entrance, second kitchen, bedroom, full bath, and additional living space. This layout is ideal for buyers who need options: multi-generational living, guest space, roommate separation, a private work-from-home setup, or potential rental use where permitted. Recent and notable features include a gas water heater installed in 2025, all appliances conveying, a basement refrigerator and gas stove, and a roof reported to be approximately 5 years old. Outside, enjoy a fenced backyard, deck, firepit area, rolling lot, and convenient 2-car carport. Located just minutes from ORNL, Y-12, Methodist Medical Center, schools, parks, and everyday Oak Ridge amenities, this home offers more than just a place to live -- it offers flexibility, function, and long-term value.