Unlock the incredible potential of waterfront living in the heart of Lion's Head! Situated directly on the shores of Georgian Bay with 136ft of private waterfront, 2 William Street offers breathtaking views of the crystal-clear waters and the dramatic Niagara Escarpment. Spanning 2,636 sq ft of living space across two levels, this 4-bedroom, 2.5-bathroom home features a classic 1970s retro layout with exceptional bones and a rock-solid structural foundation. Quality aluminum siding and a long-lasting steel roof provide peace of mind, while excellent mechanicals include forced-air furnace & 200-amp electrical give you a turnkey operational base to start your transformation of this waterfront property to a stunning new year-round home or vacation getaway. The main floor is designed around the view, featuring an expansive open-concept living room anchored by a cozy fireplace. A large main-floor primary bedroom includes an ensuite and direct walkout to the waterside deck wake up every morning to peaceful bay vistas! Lower level offers a spacious recreation room with fireplace, 2nd kitchen, Sauna & ground-level walkout offers endless possibilities for an entertainment room, guest suite, or family hub. While the interior and exterior are ready for cosmetic updating and modernizing, the layout, footprint, and unbeatable setting make this a dream project for investors, contractors, or visionary buyers wanting to build equity on the water. Location is everything - walk out your front door to everything Lion's Head has to offer - Sandy beach, marina, local shops, restaurants, and essential amenities including 24hr hospital are all steps away. Adventure awaits with direct access to Bruce Trail and the iconic Lion's Head Nature Reserve. A rare waterfront canvas on Georgian Bay waiting for your personal vision ... will not LAST!