292 THORNCREST Drive Set on a premium 66' x 114' lot, Welcome to an exceptional family home in Waterloo's prestigious Lakeshore neighbourhood, offering approx 3, 000 sqft of finished living space and the perfect blend of luxury, functionality, & income potential. This beautifully updated property features 3+2 bedrooms, 4 bathrooms, & over $150, 000 in recent upgrades, making it ideal for growing families, multigenerational living. A charming double-door entry leads to a bright & inviting interior featuring new ceramic tile flooring in the foyer and kitchen, hardwood floors throughout the living room, dining room, and office, elegant pot lights, and a cozy gas fireplace. The stunning brand-new kitchen, just completed in June 2026, offers modern cabinetry, a brand new stove, and a functional layout designed for everyday living and entertaining. Walk out to the huge deck overlooking a private, mature treed backyard with a peaceful trail-like setting. The second floor offers a massive primary bedroom with an ensuite bathroom and two additional spacious bedrooms sharing a full bath. The professionally finished legal second dwelling, completed in 2023 with over $100, 000 invested, features two bedrooms, a full kitchen, living area, separate entrance, and private laundry, providing excellent mortgage support or space for extended family. Additional improvements include a newly constructed walkway to the basement entrance in 2023, beautifully landscaped front gardens with an irrigation system featuring 6 sprinklers, a double-car garage, and parking for 4 more vehicles, totaling 6 parkings. Ideally located just minutes from the University of Waterloo, Wilfrid Laurier University, Conestoga Mall, top-rated schools, parks, trails, and transit. This property offers unmatched convenience and long-term value in terms of a spacious family home, an income-generating investment property, or a home that allows your university-bound children to live close to campus while building equity. RSA (id:203)