A convertible treestand has been disclosed. The convertible treestand includes a lower standing platform adapted to be secured to a tree and an upper seating platform adapted to be secured to the tree at a position above the lower standing platform and to provide a user with a seat. The lower standing platform includes an outer frame having a front end and first and second spaced-apart sides and a support platform secured between the first and second sides to provide a user with a platform to stand on. The convertible treestand further includes a wheel assembly secured to the lower standing platform in a storage position such that the wheel assembly lies between the first and second sides and in the same plane as the support platform.