Rare Lakeshore Village Masterpiece! Welcome to this gorgeous, modernized 3 bedroom bungalow offering an unparalleled combination of upscale main floor living and a legal rental income stream. Step inside the bright, open concept main floor featuring engineered white oak flooring throughout, black walnut accents in the kitchen, smooth ceilings, and large windows that flood the space with natural light. Many of the windows were replaced in 2023 and have the remainder of a 25 year transferable warranty. The premium design shines in the insulated, drywalled 2 car garage, with an architectural vaulted ceiling with a skylight,and a 50 amp EV charging outlet, perfect for a workshop or hobbyist.Downstairs, maximize your purchasing power with a fully certified, legally licensed 2-bedroom accessory apartment featuring a separate entrance, open concept living/kitchen area, a 3 piece bath, and laundry. Never rented and completely vacant, was used as extra family space. This allows you to set your own current market rent ($2,050+) or move family right in.The home features a fully paid off, efficient heat pump and a 2 stage gas backup furnace, installed in 2023 with a transferable 10 year warranty from the installation date. Steps to premium North Waterloo schools, parks, and transit. Don't miss this turnkey architectural gem!