This charming two-story family home, located on a corner lot in Colonial Acres, features a large front lawn and a private yard. Colonial Acres has a well-deserved reputation as a desirable neighbourhood known for spacious lots, quiet streets, and close proximity to East Waterloo’s most desirable amenities. Families enjoy the closeness of Conestoga Mall with its LRT stop, conveniences like RIM Park, the Expressway, restaurants and other niceties. An all-brick home with Colonial-Georgian style influences and tasteful landscaping creates a pleasing curb appeal. The main floor greets guests with classic tile and an all-wood staircase and a large room that can be used as a home office, den, dinning etc. French doors connect the living room and sunken family room for two distinct spaces that can flow together when entertaining. Laundry and powder room are conveniently located on the main floor off the garage with divided doors. The open-concept kitchen features elegant walnut-stained cabinets, quartz countertops, and "smudge-free” appliances overlooking the dinette and family room with a cozy fireplace. Upstairs, four generously sized bedrooms provide privacy. The updated main bath includes twin vessel sinks, a deep soaker tub, and easy-care tiles. The primary bedroom’s ensuite, remodelled in 2024, offers a spa-like experience with a freestanding tub, luxurious shower, and modern tile palette. Ample storage is available with twin closets and a linen closet. The fully finished income-generating basement features two separate units: a two-bedroom unit and a studio, each with its own kitchen and washroom. Both units share a laundry facility, making it convenient for tenants. Currently rented, this basement provides a reliable monthly income of $2,950, making this property an ideal investment for homeowners looking to offset expenses or expand their rental portfolio. Driveway 2021; parging 2020; rented water heater; Carpet-free home.