With a recent HUGE PRICE DROP, this lake home will be one not to miss! 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!! 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 beautiful sun room is perfect for scenic backyard views! 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 is sure to be welcom in the summer heat! Outside, the newer covered rear deck offers a great spot to relax and unwind. 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. It is an added bonus that this property has it's own well, and septic system! This property is only a 5 minute walk to the playground and beach. 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. School bus pick up is also available. 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!