Welcome to 2928 Highway 118 East, a raised bungalow offering incredible potential and exceptional value on a massive, private 16.3-acre parcel of land. Conveniently located near Highway 118 East and Oakley Cres, and just minutes outside of Bracebridge, this property is a rare find for buyers looking for space, privacy, and an opportunity to add your finishing touches and truly make it your own. This 1,400 square foot above-grade home features a spacious layout on the main level, highlighted by a bright living room centered around large windows overlooking the greenery. The living space flows into a dedicated dining area and an expansive kitchen with plenty of cabinet storage, which steps directly out to a sunroom and a full-width deck. The main floor offers 3 bedrooms, including a primary bedroom with 3 piece ensuite. There's an attached oversize 2-car garage that currently doubles as a workshop / man cave and a long driveway with plenty of parking. With great bones and a solid structure built in 1989, this property is a classic diamond in the rough. While the main living level is highly functional, it awaits your modern updates and cosmetic design choices. The lower walk-out level is a true blank canvas with an in-law capability setup, featuring a lower-level kitchenette and 3 piece washroom. The basement living spaces provide the perfect opportunity to completely redesign the entire footprint into a custom recreation room, an income suite, or additional bedrooms to maximize your investment. Outside, the sprawling acreage provides a scenic, heavily treed backdrop with a wide-cleared yard immediately surrounding the home, offering unparalleled privacy that smaller acreage parcels simply cannot match. Opportunities to secure over 16 acres of land at this price point in the Bracebridge area are few and far between.