Welcome to this exceptional bungalow in Greely's prestigious Waters Edge community, set on a premium 0.49-acre lot backing onto tranquil green space with NO REAR NEIGHBOURS. Nestled on a quiet crescent, this beautifully appointed home offers a rare combination of luxury, privacy, and lifestyle, with access to walking trails, parks, lakes, and a vibrant waterfront recreation area featuring beach volleyball, paddle boating, canoeeing, kayaking, and winter skating. Inside, the thoughtfully designed open-concept layout is ideal for both everyday living and entertaining. The stunning kitchen is the heart of the home, featuring a massive centre island with breakfast bar seating, side-by-side refrigerator/freezer, built-in wine fridge, gas stove, and abundant cabinetry. The kitchen flows seamlessly into the bright eating area and inviting living room, where rich hardwood flooring and a cozy gas fireplace create a warm and welcoming atmosphere. A formal dining room showcases a striking ceiling detail that adds elegance and character. The main level offers four spacious bedrooms, including a luxurious primary suite complete with a walk-in closet and spa-inspired ensuite featuring heated floors, a soaker tub, and separate shower. A practical laundry room, pantry, and mudroom combination adds convenience to everyday living. The fully finished lower level extends the home's living space with a large recreation room, two additional bedrooms, a full bathroom, workshop area, and ample storage. Outside, the beautifully landscaped grounds are highlighted by mature perennials and a covered rear patio, creating the perfect setting for relaxing or entertaining. An oversized triple-car garage offers exceptional storage and convenience with direct interior access. Annual community association fee of $268 (2026). A rare opportunity to enjoy an active, upscale lifestyle in one of Greely's most desirable communities.