Welcome to 2073 Kate Ave - a versatile investment opportunity in a quiet, mature neighbourhood near Lake Simcoe. This unique property features two separate structures situated on a generous 60'x200' corner lot, offering flexibility for a variety of uses. The main house offers 2 bedrooms, a 4-piece bath, an open-concept kitchen and family room. Included is a combined washer/dryer unit with all kitchen appliances. Large windows provide an abundance of natural light. The second structure is currently outfitted with utilities and includes a 4 piece bath, kitchen appliances and a washer/dryer unit. The living space offers excellent flexibility - ideal for personal use, extended family, home office, or workshop, and can be converted back to a garage depending on buyer needs.Additional features include a covered front porch, large shared storage shed, individual garden sheds, ample parking, and mature trees providing privacy and strong curb appeal on a sought after street surrounded by newer custom build homes! Conveniently located within walking distance to Lake Simcoe private beaches, library, parks, and recreation facilities, and close to schools and all amenities. A rare opportunity offering multiple-use potential and long-term upside in a desirable area.