Welcome to 550 Paradise Crescent, Waterloo, located on a most sought-after crescent in prestigious Upper Beechwood! This 5-bedroom, 5-bathroom, executive home stands on a large lot with 75-foot frontage. Enter with pride into the grand foyer with soaring ceilings and an elaborate curved staircase with a wrought iron railing leading to the upper level. Large principal rooms and the open concept design allow for easy movement through over 5,600 square feet of finished living space, including a fully finished basement that is an entertainer’s dream! The kitchen has granite counters, a large island and a generous eat-in area. An impressive family room that overlooks the backyard creates a warm environment with a wood-burning fireplace, large windows and a vaulted ceiling. The separate dining room and living room with gas fireplace offer a perfect area for more formal dining. Also situated on the main floor are an office, laundry room and bathroom. The primary bedroom has a large ensuite with double sinks, stand alone tub, separate shower and marble flooring. The upper level has three other large bedrooms and a den/hobby room with a skylight. Explore the amazing finished basement level with its large entertainment space, custom wet bar with seating and ample storage, a generous bedroom and a 3-pce bathroom.