Rarely offered bungalow in a mature, family-friendly neighbourhood! This well-maintained one-owner, 3-bedroom, 2-bathroom home offers 1098 square feet of comfortable main floor living space, making it ideal for first-time home buyers, young families, or downsizers. Step inside to find original hardwood flooring in select areas, generous and bright principal rooms with an abundance of natural light. The spacious lower level features a large professionally-built recreation room equipped with a wet bar creating the perfect setting for entertaining family and friends, a second bathroom with walk-in shower, and an impressive amount of storage space. Outside you will find a large fully fenced-in yard with a concrete patio surrounded by mature trees, offering plenty of room for children, pets, gardening, and outdoor gatherings. The spacious carport provides covered parking and includes a built-in storage shed complemented by an additional stand-alone shed for storage of outdoor equipment. This home is conveniently located within walking distance of two plazas, grocery shopping, a pharmacy, a community garden, parks, and a highly regarded daycare just around the corner. Known for its welcoming atmosphere and wonderful neighbours, this is a neighbourhood where people put down roots and stay. Major updates include a furnace (2022), roof (2013), and windows (replaced between 2006 and 2018). Welcome to a home in a desirable Waterloo location with superb curb appeal, which has been respected over the years by the original owner. This is an opportunity not to be missed!