Discover the pinnacle of VERSATILE LUXURY. This Wright-Haven built residence features a FULLY LEGAL BASEMENT APARTMENT, which was masterfully renovated by a high-end Toronto contractor, creating TWO DISTINCT UPSCALE LIVING AREAS. This property is the ultimate find for MULTI-GENERATIONAL FAMILIES, those seeking premium rental income, or those looking to dominate the local Airbnb market. The lower-level suite is a masterclass in quality construction, featuring a full kitchen with a center island & a Blanco sink, two bedrooms with hardwood floors, and a family room with an electric fireplace and built-in shelving. Luxury extends to the bathroom's HEATED FLOORS and an ensuite equipped with an AIR BUBBLE TUB. The ELEGANT WALKOUT TO A PRIVATE YARD provides a separate & discreet entrance to the suite. The furnace has been equipped with an automatic shutoff & sprinkler in the event of a fire. Upstairs, the bungalow lifestyle is equally impressive, boasting a FAMILY ROOM WITH A VAULTED CEILING & a well-appointed kitchen with quartz countertops and a gas stove. The primary suite offers heated ensuite floors and a WALK-OUT DIRECTLY TO A SUNKEN HOT TUB. The outdoor space is a private oasis, featuring a massive maintenance-free deck with NON-SLIP, HEAT-RESISTANT COMPOSITE DECKING and elegant glass panels. A separate lower-level patio is perfect for guests on the lower level, separate from the primary decking. The meticulously landscaped yard includes an OVERSIZED GARDEN SHED with electrical service and a side-yard dog run. As the sun sets, AMBIENT EXTERIOR LIGHTING transforms the perennial gardens into a magical retreat. Trading the city bustle for Elora means embracing a new, vibrant lifestyle. Stroll scenic paths to the historic 19TH-CENTURY LIMESTONE ARCHITECTURE OF DOWNTOWN, and the world-class spa and FINE DINING AT THE OLD MILL. ELORA GORGE offers hiking and kayaking. Experience the rare flexibility and upscale charm of TWO HOMES IN ONE at this exceptional Elora address.