Looking for a single-family home with true multigenerational living, an in-law suite, or rental income potential? This exceptional property offers all of that - and more. Welcome to 2997 Stone Ridge Boulevard, located in Orillia's thriving West Ridge community. Built in 2018 and proudly owned and meticulously maintained by the original homeowners, this modern bungalow offers flexibility, space, and long-term value. The bright, open-concept main level features over 1,600 square feet of living space, including three bedrooms and two bathrooms, highlighted by a 3-piece ensuite off the primary bedroom and the convenience of main-level laundry. Large windows and a functional layout make this level ideal for everyday family living. An additional 400 square feet of basement space provides room for a rec room, storage, and includes a cold room, adding even more practicality to the home. The real standout is the fully finished lower level with a private, separate entrance, offering over 1,200 square feet of independent living space. This level includes two bedrooms, one bathroom, a second kitchen, a cozy family room, and separate lower-level laundry - perfect for extended family, guests, or generating rental income to help offset mortgage payments. Additional features include an attached garage and a fully fenced backyard backing onto greenspace, with no neighbours behind and a peaceful forest view. Ideally located in one of Orillia's fastest-growing neighbourhoods, this home is just steps from Walter Henry Park, Costco, Lakehead University, and is close to grocery stores, restaurants, Cineplex, Bass Lake Provincial Park, and both elementary and high schools. Quick and easy access to Highway 11 makes commuting a breeze. Offering the perfect blend of comfort, flexibility, and convenience, this is a home you won't want to miss.