Offering the charm of a century home with the benefits of extensive modern reconstruction, this impressive Water Street property in Lucan has been thoughtfully updated from top to bottom. Extensive improvements include electrical, plumbing, HVAC, insulation, structural reinforcement, and quality finishes throughout, offering peace of mind and move-in-ready living. Ideally located within walking distance of downtown, the Lucan Community Memorial Centre, schools, parks, grocery stores, and restaurants. The main floor features an open-concept kitchen, dining, and living area with butcher block countertops, ample cabinetry, and a spacious pantry. Two bedrooms, a renovated 3-piece bathroom, and main-floor laundry add everyday convenience. Upstairs, three additional bedrooms and an updated 4-piece bathroom provide flexibility for family, guests, or a home office. Original details include coffered wainscoting, tray ceilings, shiplap accents, and a restored oversized pocket door dating back to the 1880s. Outside, enjoy a fully fenced backyard with a covered deck and two storage sheds. One shed is insulated and equipped with hydro and heat, making it ideal for a workshop or hobby space. A rare opportunity to own a thoughtfully updated five-bedroom home with extensive modern improvements, a flexible layout, and a convenient location in the heart of Lucan. Click on the virtual tour link, view the floor plans, photos and YouTube link and then call your REALTOR to schedule your private viewing of this great property!