Two living spaces under one roof, multiplies the opportunities. A rare chance to own a versatile multi-generational living and/or income potential property on Georgian Bay in one exceptional package. This beautiful turn-key property delivers lifestyle & flexible living arrangements. Featuring 2,069 sq.ft of living space, includes a 2-storey residence, PLUS a main level bungalow in-law suite. The private bungalow suite features a bedroom, a full kitchen, a 3-piece bathroom, a cozy living room with a gas fireplace, access to both decks, ideal for independent living, extended family, guests, home business, rental income. Inside the 2-storey main home, the bright family room boasts soaring ceilings and oversized windows that fill the space with natural light. The open-concept kitchen/dining area is enhanced by a gas fireplace & features a new gas stove/oven with air-fry capability. Upstairs a 4-piece bathroom, laundry closet and 2 additional bedrooms. H.E. ductless heating/cooling units provide year-round comfort throughout. A standout feature is the impressive 26'5"x 16'5" storage area for all your storage needs. With over $155K in upgrades done in the past 4 years, including a Generac/GenLink backup generator & a stunning enclosed front sunroom addition, measuring 17'2"x 9'7", this bright, inviting space features 3 skylights, a gas fireplace, sliding doors leading to a spacious 23'6"x 14' front deck with a gas fire bowl. Large backyard outdoor space is equally impressive, with a 12'x12' deck, a hot tub, peacefully surrounded by mature evergreens creating a private retreat. Ideally located directly across from the Simcoe Loop Trail System and Georgian Bay shoreline, you'll enjoy spectacular sunsets without the cost of waterfront taxes. Just 2 mins off Hwy 400 and approx 30 mins N. of Barrie, this property offers access to trails, swimming, boating, marinas, snowmobiling, ice fishing and 2 ski hills within 13-22 mins, a true 4-season lifestyle. BONUS: EV 'home' charger.