Welcome to 5 Kraftwood Place, a beautifully crafted custom-built bungalow offering over 5,000 sq ft of living space, with 5 bedrooms and 4 bathrooms. Set on a serene 0.9-acre wooded lot, this home strikes the perfect balance between peaceful privacy and modern convenience. Just minutes from the vibrant heart of Waterloo, the property is tucked away in a quiet cul-de-sac with only four estate homes, ensuring a tranquil and exclusive setting. Designed with both style and practicality in mind, this home offers a layout that blends modern living with traditional charm. The custom kitchen flows seamlessly into an open-concept dinette and family room - perfect for everyday living. Meanwhile, the more traditional layout of the formal living and dining rooms offers an elegant setting for special occasions. Throughout the home, custom woodwork and thoughtful details add warmth and character to every room. The spacious, fully finished lower level features large windows and offers a walkout to the backyard. It features a second primary suite with a walk-in closet and luxurious ensuite, along with private access through the garage, making it ideal for multi-generational living or hosting guests. Additional features include a cozy living area with a gas fireplace, two generously sized bedrooms, a second 3-piece bathroom, a laundry/hobby room, and ample storage space. Built with an open truss system, this home has no load-bearing interior walls, providing exceptional flexibility for future modifications. Whether you want to create a more open layout or reimagine the space entirely, the possibilities are endless. With its expansive lot, stunning craftsmanship, and versatile design, this home offers unlimited potential to meet your unique lifestyle needs. A private well ensures a reliable water source and low utility costs, while low property taxes further enhance this homes value. Schedule a private showing today to fully experience everything this remarkable home has to offer!