The paper presents a new transformerless single-phase single-stage buck-boost grid-connected voltage source inverter (VSI) topology. The topology can achieve efficient power conversion with a wide input voltage range, number of magnetic devices reduction and low leakage current. The proposed VSI topology consists of high frequency semiconductors for shaping inductor currents, and low frequency semiconductors to form grid CL filter structure for different conditions. This CL filter uses the same buck-boost inductor, thus no additional line frequency inductor is required. Besides, Common Mode (CM) voltage, a main problem of transformerless grid-connected VSI, is mitigated, since the capacitor in the CL filter clamps the voltage between the grid and the bus terminal. The performance of the proposed VSI is experimentally verified. The results show that the proposed VSI guarantees sinusoidal output current and wide input voltage range, and has a good agreement with the theoretical findings.