Welcome to Parkwood Estates, one of Waterloo's most desirable neighborhoods where homes don't come on the market often! This spacious ranch offers a great location, plenty of living space, and a backyard that backs to farm fields. Step inside to the welcoming foyer and into the bright, open living room, which flows into the kitchen featuring a breakfast bar and an abundance of cabinet space. The main level also offers a convenient mudroom with laundry, two additional bedrooms, a full bathroom, and a spacious primary suite with a private bathroom and walk-in closet. The finished lower level gives you even more room to spread out with two large finished areas and a half bath, creating plenty of flexibility for a family room, recreation space, office, or hobbies. Outside, enjoy the spacious backyard with, offering a peaceful setting with plenty of room to relax or entertain. The oversized attached two-car garage provides plenty of space for vehicles, storage, and more. Located just minutes from Waterloo schools, Konarcik Park, and downtown Waterloo, this is an opportunity to own a home in a neighborhood where properties rarely become available.