Ideally positioned between the charming communities of Bobcaygeon & Fenelon Falls, this exceptional & affordable waterfront property offers direct canal access to the highly desirable Sturgeon Lake & Trent-Severn Waterway system. Whether you are seeking a year-round residence or cottage retreat, this property delivers the perfect balance of comfort, recreation, & scenic beauty. Enjoy boating, fishing, swimming & a wide range of lakeside recreational activities directly from your property. Relax by the water's edge on the sitting dock or unwind on the expansive deck & hot tub while taking in the tranquil natural surroundings. Upon entering the home, you are welcomed by a spacious foyer featuring wall to wall built-in cabinetry & abundant storage. This beautifully updated 3-bdrm, 2-bath residence includes a remarkable addition completed approximately eight years ago, distinguished by soaring ceilings & an expansive great room with generous living & dining spaces. Step out onto the large deck overlooking the water, an ideal setting for entertaining or enjoying the scenic views. The open-concept kitchen is thoughtfully designed with an eat in area, a sit up island, access to the deck & waterfront. The primary bedroom also features access to the deck & is complemented by a semi ensuite spa-inspired 5-piece bathroom complete with a luxurious wet room, separate shower & stand alone tub. The guest 2 piece bathroom includes the laundry area. The upper loft provides a bright & versatile space suitable for a home office or additional living space. The finished lower level offers further flexibility as a family rm, games rm or additional bedroom. Highlights include an armour stone retaining wall, limestone pathways upgraded SS appliances, a whole-home Generac generator & a MONITORED SECURITY SYSTEM, all situated on a private street.