Very rare 5+ acre property on the edge of Elora, and a 30-minute walk or 10-minute bike ride down the Cataract Trail to downtown. Exceptional privacy on a quiet road, this property features a spacious lot with prime agricultural zoning, allowing a variety of uses for additional income and exciting long-term development or severance potential. The home showcases a new Barzotti kitchen complete with high-end stainless steel appliances, a farmhouse sink, luxury vinyl flooring, and a massive built-in pantry. The bright and inviting main level offers two bedrooms, while the walkout basement features a third bedroom, a luxurious bathroom, full-size windows, and excellent potential for in-law or multi-generational living. A spacious recreation room with built-in desks provides the perfect setting for a home office, study area, or family gathering. Numerous updates throughout the home include most windows, bathrooms, spray foam insulation (basement), a new electrical system including a 200-amp panel, new plumbing and new garage doors. An oversized heated garage, connected to the home by a breezeway, adds valuable functionality and convenience. With its rare acreage, private setting, pond, extensive renovations, and potential for future severance or development, this is a unique opportunity to enjoy country living just minutes from the shops, restaurants, and charm of downtown Elora.