Welcome to 195 Lake Wapta Rise SE, a spacious family home in the highly sought-after community of Lake Bonavista, ideally situated on a quiet, established street. Set on an impressive 7,500+ sq. ft. lot with a sunny WEST-FACING backyard, this 1,366 sq. ft. bi-level offers an excellent combination of space, updates and location. The bright, open main floor features an inviting living room highlighted by a cozy wood-burning fireplace. The updated kitchen showcases sleek white cabinetry, newer stainless steel appliances, generous counter and storage space, and a centre island-creating a fresh, functional space for everyday living and entertaining. The main level offers three generously sized bedrooms, including a spacious primary bedroom with its own 4-piece ensuite, along with an additional full bathroom. Downstairs, the fully developed lower level provides plenty of additional living space with a large family/rec room, a second brick fireplace, an additional 3-piece bathroom, guest bedroom and a versatile office/den that could easily function as a fifth bedroom. Outside, the expansive west-facing backyard is a standout feature, offering mature trees, plenty of room for kids and pets, and a private patio area perfect for summer BBQs, entertaining and family gatherings. Other upgrades include: newer furnace, windows & air conditioning! Enjoy the exceptional lifestyle Lake Bonavista is known for, with year-round lake access and a fantastic location close to schools, parks, shopping, transit and major roadways. A wonderful opportunity to own a beautifully updated family home on a large lot in one of Calgary's most desirable lake communities.