Welcome home to this stunning five-bedroom colonial in the highly sought-after Water Hill neighborhood! Enjoy the best of Ann Arbor, with downtown, Kerrytown, the hospital, top-rated schools, and scenic parks just moments away. A picturesque front porch invites you to relax and take in the beauty of the tree-lined streets and sidewalks. Step inside to find a sun-drenched formal living room that flows seamlessly into a spacious dining area, perfect for entertaining. Gleaming hardwood floors add warmth and character to the main level. The updated kitchen boasts stainless steel appliances, new countertops, stylish open shelving, a large pantry, and a sink with a charming view.The main floor features two versatile bedrooms, including one that makes an ideal home office overlooking the backyard and another with charming built-ins. Upstairs, you'll find two additional bedrooms, including a massive walk-in closet in the primary suite. Plush brand-new carpeting throughout adds a fresh, cozy touch. A full bathroom on every level ensures convenience for everyone. The walkout lower level offers incredible flexibility! With its own kitchenette, laundry area, full bathroom, family room, and extra bedroom, it's perfect as a short-term or long-term rental, an in-law suite, or a private space for guests or teens. Step outside to your fenced backyard oasis, complete with a large stone paver patio, a lush grassy area, and a storage shed for added convenience. Modern upgrades include a Nest thermostat and a tankless on-demand water heater for energy efficiency. Don't miss this rare opportunity to own a home that offers charm, space, and endless possibilities in one of Ann Arbor's most desirable neighborhoods!