Hidden gem with excellent income potential! South-western exposure with 210ft of waterfront in a quiet bay with a diligently cared for, year-round dwelling and additional guest cabin on the picturesque waters of Lake Muskoka. Step into this delightful home or cottage that features convenient one-floor living with a welcoming front entrance that includes an inviting sitting area. The spacious family room opens directly to the deck that is steps from the waters edge, and wrapping around the entire front of the cottage, perfect for soaking up the sun and breathtaking views. The newly updated galley-style kitchen, features stunning lake vistas that inspires culinary creativity, leading into a generous dining area ideal for family gatherings. Enjoy three beautifully appointed bedrooms and an open-concept living area featuring newly updated flooring, light-coloured wood accents, and abundant windows that showcase impressive lake views from all ends of the home. The property also boasts a charming 370sqft winterized guest cabin, with a cozy bedroom, additional loft space, as well as a main floor living area with a fireplace and a convenient 2-piece bathroom. An inviting screened-in gazebo adds a touch of magic, offering a perfect spot for outdoor dining, entertaining, or simply unwinding in nature, sheltered from the elements. Completing the package is the gently sloping terrain and the cottages close grandfathered proximity to the waters edge, allowing for easy access to the shimmering waterfront, providing ample opportunities for deep-water swimming and endless sunshine on the docks throughout the day. Located just 1.5 hours from Toronto, 10 minutes from Gravenhurst, where you'll find all your essential amenities, and mere minutes from ideal boating destinations, local marinas, restaurants, and hiking trails, this cottage offers the perfect blend of relaxation and convenient adventure. Experience the beauty of year-round lakeside living in this charming Muskoka escape!