Entertainment news outlet TMZ has reported that Justin Bieber has bought a $5 million mansion just off of Puslinch Lake.

The home was listed as a 9000 square foot “waterfront luxury home” that backs out onto more than 100 acres of land.

According to sources the property used to be a stable and now comes with its own private horse racing track.

Bieber reportedly closed the deal on Monday.

Fans couldn’t be more excited to learn the local celebrity may frequent the area.

“Now we are really excited so I’m going to text my friends and we might get a sea doo and spend a lot of time here,” said Bieber fan Ashley Macdonald.

But some local residents fear the attention may cloud the otherwise quiet area.

"I think it’s going to create a lot of action on the lake, but I don’t think will be a good thing,” said Puslinch Lake resident Cyndy Haddlesey. “It’s a small lake, word will get out and there will be people gawking at his house all the time.”

There is no word yet on when the singer is moving in, or whether he plans to make this his permanent home with fiancée Hailey Baldwin.

Bieber and Baldwin have been spotted around his hometown of Stratford several times in the past few weeks.