Set on a picturesque 1.9 acre in-town property with 194 feet of shoreline along the Magnetawan River, this solid brick bungalow offers a rare combination of space, privacy, waterfront living, and full municipal services. Enjoy boating, paddling, fishing, and exploring the scenic waterways that ultimately connect to Georgian Bay, all from your own backyard. Offering over 2,700 sq. ft. of finished living space, the home features a spacious main-floor primary bedroom, bright formal entry, and a welcoming living room with walkout to an expansive screened-in deck overlooking the lush grounds and river. The updated kitchen flows seamlessly into the dining area with charming bay window views, creating an ideal space for everyday living and entertaining. Over $50,000 has been invested in recent updates, including the kitchen, bathrooms, windows, lighting, countertops, backsplash, sink, faucet, appliances including induction stovetop, and flooring, providing a move-in-ready home. The finished walkout lower level offers exceptional versatility with two additional bedrooms, a 4 peice bathroom, a spacious recreation room with a WETT certified wood-burning fireplace, workshop space, and excellent potential for an in-law suite or multi-generational living. Car enthusiasts, hobbyists, and outdoor lovers will appreciate the heated double attached garage, detached powered drive-through garage, and oversized RV drive shed, providing outstanding storage and workspace. A Generac backup generator, new hot water tank, and new eavestroughs add further peace of mind. Located on a school bus route and within walking distance to schools, parks, shops, and everyday amenities, this exceptional waterfront property is just 30 minutes from Huntsville and approximately two hours from the GTA, offering the perfect balance of small-town charm, waterfront recreation, and convenient access to city amenities. Some photos are virtually staged.