diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1844125..527e79d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog
 
+## 0.2.11 - 2026-07-23
+
+### CLI / argv after template URL
+
+- Do not treat `--template` / `-t` / other option *values* (e.g. `file://…`) as the project positional when expanding `--addons` / `--extend`. Fixes trailing `project_directory` being swallowed as an addon slug after a template URL (#245).
+
 ## 0.2.10 - 2026-07-22
 
 ### CLI / UX
diff --git a/packages/create-awesome-python-app/pyproject.toml b/packages/create-awesome-python-app/pyproject.toml
index 78a5023..790bfb4 100644
--- a/packages/create-awesome-python-app/pyproject.toml
+++ b/packages/create-awesome-python-app/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "create-awesome-python-app"
-version = "0.2.10"
+version = "0.2.11"
 description = "Composable scaffolding CLI for production-ready Python apps"
 readme = "README.md"
 requires-python = ">=3.12"
diff --git a/packages/create-awesome-python-app/src/create_awesome_python_app/__init__.py b/packages/create-awesome-python-app/src/create_awesome_python_app/__init__.py
index 59c6258..c14000a 100644
--- a/packages/create-awesome-python-app/src/create_awesome_python_app/__init__.py
+++ b/packages/create-awesome-python-app/src/create_awesome_python_app/__init__.py
@@ -1,3 +1,3 @@
 """Create Awesome Python App CLI."""
 
-__version__ = "0.2.10"
+__version__ = "0.2.11"
diff --git a/packages/create-awesome-python-app/src/create_awesome_python_app/cli.py b/packages/create-awesome-python-app/src/create_awesome_python_app/cli.py
index a613fd2..05af741 100644
--- a/packages/create-awesome-python-app/src/create_awesome_python_app/cli.py
+++ b/packages/create-awesome-python-app/src/create_awesome_python_app/cli.py
@@ -73,6 +73,22 @@ def _preprocess_fixture_argv(argv: list[str] | None = None) -> list[str]:
     return out
 
 
+# Flags that consume the following argv token as their value (not a positional).
+_VALUE_TAKING_FLAGS = frozenset(
+    {
+        "--template",
+        "-t",
+        "--set",
+        "--pin",
+        "--refresh",
+        "--cache-dir",
+        "--fixture",
+        "--addons",
+        "--extend",
+    }
+)
+
+
 def _expand_variadic_option(argv: list[str], option: str) -> list[str]:
     """Expand ``--addons a b`` into ``--addons a --addons b`` (CNA Commander parity).
 
@@ -82,6 +98,9 @@ def _expand_variadic_option(argv: list[str], option: str) -> list[str]:
     When ``project_directory`` comes *after* options and no positional was seen
     yet, peel the final trailing token at EOS back as the directory so that
     ``--addons a --addons b /tmp/app`` does not treat ``/tmp/app`` as an addon.
+
+    Option *values* (e.g. ``--template file://…``) must not set ``saw_positional``,
+    or a trailing directory after ``--addons`` is never peeled (#245).
     """
     out: list[str] = []
     i = 0
@@ -114,7 +133,9 @@ def _expand_variadic_option(argv: list[str], option: str) -> list[str]:
             i += 1
             continue
         if i > 0 and not arg.startswith("-"):
-            saw_positional = True
+            prev = out[-1] if out else ""
+            if prev not in _VALUE_TAKING_FLAGS:
+                saw_positional = True
         out.append(arg)
         i += 1
     return out
diff --git a/packages/create-awesome-python-app/tests/test_cli.py b/packages/create-awesome-python-app/tests/test_cli.py
index 8504782..cbd0ce8 100644
--- a/packages/create-awesome-python-app/tests/test_cli.py
+++ b/packages/create-awesome-python-app/tests/test_cli.py
@@ -373,6 +373,69 @@ def test_expand_preserves_trailing_project_directory() -> None:
     ]
 
 
+def test_expand_preserves_dir_after_template_file_url() -> None:
+    """``--template file://…`` must not block peeling a trailing project dir (#245)."""
+    from create_awesome_python_app.cli import _preprocess_cli_argv
+
+    # Single addon URL + directory at EOS (scaffold-check / L3 shape).
+    assert _preprocess_cli_argv(
+        [
+            "cpa",
+            "--template",
+            "file:///tmp/cpa?subdir=templates/fastapi-starter",
+            "--no-interactive",
+            "--no-install",
+            "--addons",
+            "file:///tmp/cpa?subdir=extensions/github-setup",
+            "/tmp/my-api",
+        ]
+    ) == [
+        "cpa",
+        "--template",
+        "file:///tmp/cpa?subdir=templates/fastapi-starter",
+        "--no-interactive",
+        "--no-install",
+        "--addons",
+        "file:///tmp/cpa?subdir=extensions/github-setup",
+        "/tmp/my-api",
+    ]
+    # Space-separated addons after a file:// template value.
+    assert _preprocess_cli_argv(
+        [
+            "cpa",
+            "--template",
+            "file:///tmp/x",
+            "--addons",
+            "fastapi-docker",
+            "github-setup",
+            "/tmp/app",
+        ]
+    ) == [
+        "cpa",
+        "--template",
+        "file:///tmp/x",
+        "--addons",
+        "fastapi-docker",
+        "--addons",
+        "github-setup",
+        "/tmp/app",
+    ]
+    # Short -t form.
+    assert (
+        _preprocess_cli_argv(
+            [
+                "cpa",
+                "-t",
+                "file:///tmp/x",
+                "--addons",
+                "github-setup",
+                "scaffold-check",
+            ]
+        )[-1]
+        == "scaffold-check"
+    )
+
+
 def test_space_separated_addons_after_project_directory(
     tmp_path: Path, monkeypatch
 ) -> None:
diff --git a/uv.lock b/uv.lock
index e575f71..4f4808d 100644
--- a/uv.lock
+++ b/uv.lock
@@ -138,7 +138,7 @@ wheels = [
 
 [[package]]
 name = "create-awesome-python-app"
-version = "0.2.10"
+version = "0.2.11"
 source = { editable = "packages/create-awesome-python-app" }
 dependencies = [
     { name = "create-python-app-core" },