Priced $225K below assessed value, this 5-bed, 5-bath home in Stephenson Point offers 5,272 sqft of living space across three levels on a south-facing 13,778 sqft lot. The entry-level has soaring ceilings, exposed beams and expansive windows that fill this floor with natural light and offer sweeping views of Departure Bay, Newcastle Island, and the inner harbour. Ideal for large or multi-generational families—or the savvy investor—the lower level can easily be converted into a 2-bed suite. All bedrooms are oversized with high ceilings and large windows, while the primary suite features ocean views, cozy fireplace, private deck and spa-like ensuite. Additional highlights include a Navien on-demand hot water system, new metal roof, A/C, cedar sauna, and an exterior spiral staircase connecting all levels to the backyard. This remarkable home blends comfort, space and coastal charm—perfect for the family that’s been seeking that one of a kind house that will instantly feel like home.