A landmark opportunity in the heart of Muskoka - 615 Bay Street seamlessly blends timeless character with exceptional versatility. This beautifully maintained century home offers 3 bedrooms and 2.5 bathrooms, filled with warmth, charm, and comfortable living spaces. Adding to its appeal is the rare advantage of C1-B commercial zoning, opening the door to a wide range of residential, professional, or mixed-use possibilities. The flexible layout features bright principal rooms, high ceilings and an inviting sense of scale-ideal for family living, a professional workspace, or a thoughtfully designed live/work setup. With impressive street presence and access from both Bay Street and Hughson Street, this property stands out as both a distinctive residence and a highly visible business location. Perfectly positioned within walking distance of the Gravenhurst Wharf, boutique shops, restaurants, and the vibrant downtown core, this location benefits from excellent accessibility and consistent local and seasonal traffic. Just under two hours from the Greater Toronto Area, it offers an ideal balance of Muskoka lifestyle and urban convenience-perfect for visitors, clients, or professionals seeking a weekend escape or permanent base. Whether envisioned as a bed and breakfast, boutique storefront, café, professional office, or another inspired business concept, the zoning supports a broad range of uses. This is a rare opportunity to own a piece of Gravenhurst history.