This fully renovated bungalow is perfectly situated on a rare and oversized double lot in one of the towns most desirable neighbourhoods, just a short walk to Muskoka Beechgrove Public School. This warm and inviting home features a stunning open-concept layout with soaring vaulted ceilings, striking wood beams, and a spacious kitchen complete with a large island ideal for hosting family and friends. Major upgrades include a new gas furnace, hot water tank, complete foundation waterproofing, new insulation in walls and ceilings, new roof sheeting and shingles, all new siding, drywall, and a fully updated interior. With 3 bedrooms, 2 full bathrooms, a pantry, laundry room, and a thoughtfully designed floor plan, this home delivers comfort, character, and functionality. The true opportunity lies in the large double lot, which offers incredible development potential in one of Gravenhurst's most sought-after neighbourhoods. With municipal sewer and water available right at the road, the property can likely be severed into two additional lots, making it an ideal choice for a wide range of buyers. Whether you're looking to sell the newly created vacant lots an extremely rare and valuable commodity in this area build your dream home while renting or selling the existing house, or develop a multi-unit investment property, the possibilities are endless. This property also presents a fantastic opportunity for entrepreneurs to build a shop with living quarters above or for families to create a backyard oasis with space for a pool, guesthouse, or custom outdoor retreat. No matter your vision, this lot offers the rare chance to build equity, generate income, or create the lifestyle you've been dreaming of all in a prime location with limited vacant land availability. A detached garage and shed offer extra storage or workspace. Whether you're an investor, entrepreneur, or homeowner with vision, this property is packed with potential and ready to help you build equity and income.