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It's completely doable. I've been lucky enough to have a garage so have two bikes - identical geometry (one custom copied the other) but one cheaper with big tires for tooling around local trails and gnarlier single track, the other a bit posh, narrower tires and guards for commuting and road distance. Besides the build/cost the only real difference is the wheels (and fenders). Probably moving to a smaller place soon and may have to lose one of the bikes. Bit annoying but not the end of the world.
Has anyone ever successfully whittled down the bike collection to one swissarmy style allrounder bike and stuck with it?
I rarely take out the dedicated road bike anymore, the racks and guards commuter isn't too different from the offroad gravel bike. I'm considering one allrounder with maybe two wheelsets?