Location, location, location ! Welcome to 242 Waters Lane. This exceptional bi-level home is just three houses away from Wallace and Kusch Parks. A short walk to Holy Family and Willowgrove Elementary Schools, University Heights shopping, Centennial Collegiate and St Joseph High School; this location is ideal for families. Great curb appeal; the main floor features open concept floor plan, 9-foot ceilings, generous entrance leading to spacious living area with hardwood flooring and large bayed windows, kitchen with maple cabinets with soft close drawers and extensive counter space, and good-sized dining area perfect for large gatherings. The master suite features a walk-in closet and four-piece bath with jetted tub, while 2 spared bedrooms are generous-sized. The fully developed lower level boasts large windows, 9 feet ceiling, a spacious games room with ceiling speakers, family room, two additional bedrooms, and ample storage. The home also boasts hi-efficient furnace, new water heater (2024), Heat Recovery Ventilation, humidifier, central vacuum, central air conditioning, triple pane windows, large double attached HEATED garage with 2 door openers, and triple concrete driveway. Enjoy the large dura deck with metal railing, natural gas BBQ outlet and a ground-level patio in the landscaped large private backyard with underground sprinklers. Shows well 10/10.