Price updated based on the current market. Welcome to this beautifully maintained walkout bungalow, proudly offered by its original owner & ideally situated in one of Auburn Bay's most desirable locations. Backing directly onto a serene pond, wetlands & park space, this exceptional home offers breathtaking views, outstanding privacy & a peaceful setting rarely found in the city. Offering over 2,500 sq. ft. of developed living space, the home was cared for in every detail, creating a warm & inviting space you’ll feel the moment you walk in. The spacious main level features soaring vaulted ceilings & an open-concept layout. It welcomes you with a bright living room, cozy fireplace, functional kitchen & a spacious dining area; perfect for everyday living & entertaining. The master bedroom is a true retreat, complete with skylights, an ensuite & stunning views of the natural surroundings. A formal dining area/flex room offers additional flexibility to meet your family's needs. The fully developed walkout basement significantly expands the living space. It includes two additional bedrooms, a flex room ideal for a home office or gym & a thoughtfully designed illegal suite with its own living area & kitchen. The elegant 4-piece bathroom comes with a steam shower & a heated floor. Whether you're accommodating extended family, guests, or seeking a valuable mortgage helper, this lower-level setup offers an incredible opportunity. Step outside to a breathtaking backyard. Perfectly positioned to embrace the beauty of the pond & wetlands, the backyard features a charming gazebo where you can relax & enjoy the peaceful setting. Thoughtfully placed custom wood accents & decorative features add charm & warmth to the outdoor space. Located in the highly sought-after lake community of Auburn Bay, residents enjoy year-round lake access, parks, schools, shopping, restaurants, recreation facilities, & excellent access to major roadways. Don't miss a rare opportunity to own this beautiful walkout bungalow with income potential & spectacular views in one of Calgary's premier lake communities. Call today to view!