CHECK OUT THIS ONE-OF-A-KIND CLASSIC GEM IN THE HEART OF WATERLOO! Only steps away from universities and businesses, this perfectly located, spacious, two-story home is bursting with character on a 1.39-acre lot. The main floor flows from the grand entrance into the formal living room directing you to a cozy family room - each featuring their own wood burning fireplace! The modern kitchen displays rich wood cabinetry, stainless-steel appliances, stone counter-tops and a stunning bay window off the breakfast nook. From the full of light sun-room to the tree-filled backyard, with large deck, you can easily enjoy the natural beauty of this home. Upstairs youll find the charm continues throughout 5, potentially 6 bedrooms creating a wonderful Air B&B/ short term rental opportunities with two separate units, one with complete kitchen, living space and bedroom and the second with a kitchenette! Updated mechanicals including windows and a new steel roof (2017) with lifetime warranty. Think outside the box with this fabulous home as zoning can permit commercial/office use. Do not miss the opportunity to turn this gem into your forever family home or create the ultimate investment with home office and accommodation space to rent!