Set on a large lot in Hamilton Township, this custom-built bungalow with a fully finished walkout lower level offers deeded water access to Rice Lake and stunning lake views from both floors! Inside, the sun-filled main level features a spacious living room with vaulted ceilings, floor-to-ceiling windows, and hardwood flooring. The well-appointed kitchen offers plenty of storage, a breakfast bar, and has a thoughtful design that takes full advantage of the breathtaking lake views. This level also includes 3 bedrooms, a 4-piece bath, and a convenient 2-piece bath with laundry. The newly finished lower level (2024) with in-floor heating and a handy stairlift expands your living space with a bright family room framed by floor-to-ceiling windows, a spacious bedroom (currently used as an office), a 3-piece bath, and a large craft room with French doors that could easily adapt to your needs. A generous workshop rounds out the level, making this space ideal for hobbies or storage. With its private walkout and flexible layout, this level presents excellent in-law suite potential. Step outside to enjoy the oversized wraparound covered deck, perfect for entertaining or simply relaxing while soaking in panoramic lake views and sunsets. The expansive lot provides room for family fun, while the massive 3-car garage with hydro offers abundant storage, workshop potential, or space for hobbyists. This home offers endless possibilities, perfect for multi-generational living, families with adult children, or anyone seeking a spacious retreat by the lake. All of this is just a short drive to Port Hope, Hwy 401, and all amenities while enjoying the peace and beauty of Rice Lake. Don't miss your opportunity to make this lakeview gem yours!