Opportunities like this don't often arise in Real Estate. Welcome to 127 Baywater Rise; this fully finished 4-bedroom BUNGALOW offers over 2800 sq ft of developed space, a WALKOUT BASEMENT, and is situated on a quiet street backing DIRECTLY ONTO THE CANAL with a coveted WEST backyard. Entering the home, a spacious entryway, 9' ceilings, and a modern colour pallet with luxurious vinyl flooring that flows through all levels of this home greets you. The open concept floorplan leads you through the spacious dining room to the modern white kitchen with 42" cabinetry, a central island, sleek stainless-steel appliances and stone countertops. A spacious living room featuring a gas fireplace, ample windows allowing natural light to flood the space, and French glass doors that lead to the full-width deck to take in the views make for an entertainer's dream! A spacious primary retreat with canal views, a walk-in closet, an ensuite bathroom with double sinks, and an oversized shower is perfect for relaxing and unwinding. A secondary bedroom, full 4-piece bathroom, main floor laundry, and entrance from your double attached garage complement the main floor. Take the party downstairs to the vast, wide-open basement. Did someone say pool table? You could also easily convert this space for a mother-in-law suite. 2 large bedrooms and another 4-piece bathroom are found. The builder finished the basement and has an additional room which can function as an office, storage, or a dream closet. The backyard is a gardener's dream! Mature shrubs add privacy, and artificial turf makes maintaining the yard a breeze. The full-width stamped concrete patio is a relaxing space to beat the summer evening heat, and the stairs from the upper level to the yard are perfect for your four-legged family member to access the backyard easily. You can kayak, boat or paddle board with direct canal access and skate in the winter right from your backyard. This home is steps to Nose Creek Elementary and the scenic pathways and canals that meander through Bayside.