Welcome to 121 Steeplechase Way, Waterloo - a rare opportunity to own one of the most desirable homes currently available for SALE in the city !!!!! Nestled on a premium ravine lot backing onto protected green space and scenic walking trails, this exceptional property offers privacy, nature, and income potential all in one.This beautifully upgraded home features over 3,000 sq. ft. of finished living space, including a legal walkout basement apartment currently generating approximately $2,000/month in rental income, making it an ideal mortgage helper or perfect setup for multi-generational living.The bright and spacious main residence offers 4 generous bedrooms, 3 upgraded bathrooms, elegant living and family rooms, a modern kitchen, second-floor laundry, and abundant natural light throughout. Enjoy breathtaking views of the protected greenspace from the large deck, perfect for entertaining family and friends or summer BBQs.The fully finished legal walkout basement features 2 spacious bedrooms, a modern kitchen, a stylish 3-piece bathroom, and a separate entrance, providing excellent rental income potential.Additional highlights include a double-car garage, ample driveway parking, pot lights throughout, modern finishes, and a quiet family-friendly neighborhood.Located in the highly sought-after Kiwanis Park area, close to the Grand River, walking trails, parks, top-rated schools, Grey Silo Golf Club, Conestoga Mall, and both the University of Waterloo and Wilfrid Laurier University. Waterloo is recognized as one of Canada's most educated and innovative cities, making this location highly desirable for families and investors alike.A truly one-of-a-kind offering combining a premium ravine lot, legal walkout income suite, spacious family living, and an unbeatable location. Properties with this combination of features rarely become available. Book your private showing today!