Minutes from Lake Simcoe, this rare offering combines a versatile income-generating property with a lot that is currently in the process of being severed-creating an exceptional opportunity for investors, builders, and end users alike. The main home features flexible living with an upper unit offering 3 bedrooms and 1.5 baths, and a main floor unit with 1 bedroom, 1.5 baths, a bonus family room, and a sunroom. An unfinished basement adds further potential for additional living space or rental income. The proposed severed lot, with services available at the lot line, opens the door to endless possibilities-custom build, ADU, multi-generational living, or home-based business. Ideally located near schools, transit, shopping, a golf club, and just 10 minutes to Highway 404. Ample parking for 10+ vehicles. Engineering drawings, surveys, and servicing details available to qualified buyers. Seller may consider a Vendor Take-Back Mortgage (VTB). A truly unique opportunity to secure space, income potential, and future development in one prime location.