Beautifully updated raised bungalow, renovated from top to bottom and set on a very rare 5+ acre property on the edge of Elora. Offering exceptional privacy on a quiet road, this property features a spacious lot with a pond, mature surroundings, and exciting long-term development or severance potential. The home showcases a stunning 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, full-size windows, and excellent potential for in-law or multi-generational living. A spacious recreation room with built-in desks provides the perfect space for a home office, study area, or family gathering space. Numerous updates throughout the home include most windows, bathrooms, spray foam insulation (basement), anew 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.