BUNGALOW WITH OVER 3,000 FINISHED SQ FT ON A 0.63 ACRE LOT ACROSS FROM LAKE COUCHICHING WITH IN-LAW CAPABILITY! Situated just across the street from Lake Couchiching, 5445 Fawn Bay Road sits on over half an acre with a sprawling backyard, multiple walkouts, soaring vaulted ceilings and a finished lower level designed for flexible living. This distinctive bungalow catches the eye with dramatic rooflines, large windows, contrasting siding, mature trees, manicured gardens, a bold red front door and updated garage doors. Out back, a large deck, hardtop gazebo, open lawn and two storage sheds create a backyard ready for summer dinners, lawn games, gardening projects and easy outdoor living. Vaulted ceilings bring scale to the combined living and dining area, where a walkout extends the space to the deck. The eat-in kitchen keeps things practical with stainless steel appliances, ample cabinetry, generous prep space, a breakfast bar and a window-lined breakfast area. The primary suite features its own walkout to the deck, walk-in closet and private 4-piece ensuite, while the finished lower level offers a separate entrance, two staircases, kitchen, rec room, two bedrooms, full bath and ample storage, creating space for teens, in-laws, guests or extended family to enjoy a little more independence. Fresh paint, updated light fixtures, hardware and stair upgrades complement big-ticket improvements completed over time, including windows, doors, siding, roof, well pump, garage doors and openers, plus a whole-home Generac backup system. Minutes to beaches, boat launches, waterfront parks, Casino Rama Resort, downtown Orillia amenities, schools, shopping, dining and healthcare services.