Welcome to 427 Lee Place in the highly desirable Waterloo Reserve community in Exton! This beautifully maintained luxury Fenwick model carriage home offers 4 bedrooms, 3.5 bathrooms, a finished walkout basement, and modern upgrades throughout. The open-concept main level features wide-plank hardwood floors, a sun-filled Great Room with soaring windows and a cozy gas fireplace, and a gourmet kitchen with 42" white shaker cabinets, granite countertops, subway tile backsplash, GE stainless steel appliances, a 5-burner gas cooktop, wall oven/microwave, and a large center island. The adjoining Morning Room opens to a private maintenance-free deck overlooking peaceful open space. Upstairs, the spacious primary suite includes a tray ceiling, two walk-in closets, and a luxurious en-suite bath with a double vanity and tiled walk-in shower. Two additional bedrooms, a full hall bath, and a convenient second-floor laundry room complete the upper level. The finished walkout basement offers exceptional additional living space with a private bedroom, full bath, and bar area—ideal for guests, a home office, recreation, or entertaining. Enjoy low-maintenance living with lawn care, snow removal from sidewalks and driveways, walking trails, sidewalks, playground, and an irrigated lawn system included through the HOA.Ideally located just minutes from Routes 30, 100, and 202, Exton Train Station, Chester Valley Trail, shopping, dining, major employers, and located in the award-winning West Chester Area School District. Available for rent. Minimum 12-month lease. No smoking. Tenant responsible for utilities. Schedule your private showing today!