Built by premium custom home builder Country Lane in 1987, this is a rare buying opportunity for those wanting to transform this property into a truly spectacular " forever home ". First, the home is located in a very desired location on the north side of McNab Street overlooking downtown Elora from an elevated position. Large mature treed lot with terraced rear yard. A short stroll to downtown - yet in a quiet location. Best of both worlds. Without a doubt, the size of this home is going to be a surprise. OVER 5300 SQUARE FEET OF FINISHED LIVING SPACE on 3 levels, featuring a total of 5 bedrooms and 4 baths. The fully finished lower WALK OUT level alone offers over 1500 square feet of finished space - and could be utilized as an inlaw suite or luxury AirBnB suite if desired. Four bedrooms on the upper level, including huge primary suite. The layout of the main level is simply amazing - both in size and design - with separate living and family rooms ( both with fireplaces ) , separate dining room, massive eat in kitchen with walk out to rear decking, den and main floor laundry. Storage space galore. Two car garage. This is a home designed for entertaining - and perfect for larger families. Bring your ideas on this one - with some great updates this home will be a true showstopper ! Lots of opportunity to add considerable value here.