An extraordinary two-storey boathouse unlike anything else on Lake of Bays. Approximately 2,200 sq. ft., it features multiple dormers, skylights, balconies, a spacious entertainment deck, upper and lower multipurpose rooms, two boat slips with electric hoists and a legally conforming washroom permitted under the property's commercial zoning. The true showpiece is the natural stream that flows through the boathouse, passing through two sections of the building connected by a distinctive arched footbridge before continuing to the lake. A remarkable combination of architecture, nature and waterfront living. The property comprises of three parcels totaling approximately 2.16 acres with 265 feet of Lake of Bays shoreline. Abundant table land and a gently sloping building site create an ideal setting for a luxury cottage or year-round home. A demolition permit is already in place for the existing two-bedroom cottage, providing a valuable head start for a new build. Enjoy wide-open big-lake views toward Bigwin Island, all-day sunshine and spectacular western sunset exposure, along with excellent privacy. Access is straightforward, with a private meandering driveway leading directly from Muskoka Highway 117, a year-round municipally maintained road. The driveway winds through mature forest, past the property's distinctive weathered lions and alongside a gentle bubbling stream before opening onto the waterfront. This prime location offers an important advantage: easy highway access and a shorter commute to the city, making it an especially appealing choice for a luxury cottage or year-round home. Close to championship golf, downhill and cross-country skiing, hiking, biking, boating and the charming communities of Muskoka, this is a remarkable opportunity to build your dream on Lake of Bays while keeping the GTA within convenient reach.