Welcome to easy living in the sought-after Waterways community, tucked away on a quiet cul-de-sac just minutes from downtown Bracebridge and beautiful Annie Williams Memorial Park. This inviting bungalow offers the convenience of one-level living, with an incredibly versatile finished lower level providing plenty of room for family, guests or multi-generational living. The heart of the home is the bright, open-concept main living space, where cathedral ceilings and a wall of windows create an airy, welcoming feel. A gas fireplace anchors the living room, while the adjoining kitchen features timeless shaker-style cabinetry and flows easily into the dining and living areas. Step outside to the deck directly from the main living space, extending the everyday living outdoors. Two bedrooms and two full bathrooms are located on the main floor, including a spacious primary retreat with a walk-through closet, private ensuite with both a soaker tub and separate shower, and its own deck access. Main-floor laundry adds another layer of convenience, while the attached 2-car garage provides plenty of room for parking and storage. Downstairs, the smartly finished lower level significantly expands the possibilities of the home. Designed as an in-law suite, this private space features a generous living room, full-sized kitchen (currently without a stove), bedroom with window and dual closets, plus a full bathroom. Whether used for extended family, long-term guests or simply as additional living and entertaining space, it offers flexibility that can evolve along with your needs. With three bedrooms, three full bathrooms, multiple living spaces and a layout designed for versatility, this Waterways bungalow offers much more than meets the eye, all in an established Bracebridge community close to parks, the Muskoka River and everyday amenities. Book your private viewing today - see it - love it - buy it before someone else does - and start making your own Muskoka memories right here!