Welcome to this beautifully maintained waterfront family home on charming Loon Lake, offering southwest exposure and peaceful lakefront living less than two hours from the GTA. Proudly owned by the same family since the 1960s, this 2-bedroom, 2-bath bungalow offers over 1,200 sq ft of living space with a full unfinished basement featuring workshop potential. Thoughtfully winterized for year-round use, the property is situated on a municipally maintained road with garbage collection and snow removal. Enjoy stunning lake views from large windows throughout, a bright sunroom, and a spacious deck overlooking the water. Custom permanent inlaid granite stone steps lead you down to your private dock - perfect for morning coffee or quiet evenings by the lake. The recently updated spa-inspired bathroom features a large walk-in stone shower and large jetted tub. Additional features include a propane furnace, propane fireplace, BBQ hookup, generator, tile roof, well-maintained septic system, and private well water source. Ample storage is found throughout the home, along with multiple levels of landscaped grading that enhance usability and outdoor enjoyment. Two large garages provide exceptional space for vehicles, boats, jet skis, and all your cottage essentials, with additional workshop potential. Located just minutes from downtown Gravenhurst and close to Highway 11, enjoy convenient access to local shops, dining, and the Gravenhurst Wharf, offering a vibrant waterfront community experience. A rare opportunity to own a true legacy property on Loon Lake - ready for a new family to enjoy for generations to come.