This charming property is tucked away on a private 0.49 acre lot at Pelican Point, surrounded by mature trees, and offering the perfect opportunity for comfort, space, and tranquility AT THE LAKE!! Don't let the reported age of this home fool you! A new basement poured in 2002, with concrete styrofoam block for extra insulation, and infloor heat. A Bungalow was moved on, and then extensively renovated. This well-cared-for home features 5 bedrooms, providing ample room for family and guests alike. As you enter, you're greeted by a cozy living room complete with a fireplace, and classic hardwood flooring, for an inviting space to gather and relax. The adjoining dining area offers plenty of room for family meals and entertaining, seamlessly connecting to the kitchen, which serves as the heart of the home. The kitchen is equipped with all appliances, attractive maple cabinetry, cork flooring and plenty of counter space for meal prep and creativity. The main floor hosts two spacious bedrooms and a full bathroom. A versatile den adds a unique touch, perfect for an office, reading nook, or additional storage. Downstairs, you'll find a generous recreation area that can easily adapt to your personal lifestyle, whether as a family room, hobby area, or workout space. Three additional bedrooms and another full bathroom complete the lower level, along with a laundry area conveniently located in the utility room. Central air conditioning is an added feature that you will love in the summer. Outside, the newer covered rear deck offers a peaceful retreat to unwind and take in the natural surroundings. The landscaping goes above and beyond! It literally feels like a park with so many perennials, shrubs, and groomed flower beds. There is also a tarped shed, storage shed, and play centre included in the fenced backyard. This property is only a 5 minute walk to the playground and beach, and 10-15 minute walk to the boat launch. You are also only 15 minute to the lovely town of Bashaw which boasts two grocery stores, liquor stores, police station, fire department, school and a vibrant business core. Neighboring cities including Camrose, Wetaskiwin and Stettler are all within an hour to Pelican Point. Recent updates include the replacement of 2 hot water tanks in February 2026. This amazing turn key, 4 season property, combines privacy, practicality, and a great opportunity for year round living or a fantastic summer home!