Welcome to your dream family retreat on the south shore of Lake of Bays! This charming Viceroy cottage offers an idyllic escape with its stunning panoramic views & unbeatable location. Nestled on a beautiful level & terraced lot, this property provides both a peaceful sanctuary & a fantastic opportunity to rebuild your perfect modern cottage. The lot’s generous size and prime positioning make it ideal for creating a custom luxury home that takes full advantage of the breathtaking surroundings. This traditional Viceroy cottage features 4 bedrooms and 2.5 baths, including a primary with a convenient 2-piece ensuite. The bright & inviting living room boasts a window wall facing the lake, flooding the space with natural light and featuring an airtight stove for any chilly fall mornings. The separate dining room provides a great setting for family celebrations. The spacious Muskoka room is a true highlight, inviting you to dine alfresco, unwind with a captivating novel, or enjoy a lively game of cards with friends. Relax & soak in the beauty of the outdoors, no matter the weather. The lower level features a large room with a walkout to the lakeside, offering versatile space that can be transformed into a rec room, games room, or whatever your heart desires. This additional living area provides endless possibilities for entertainment and family fun.Outside, the deep water & well-maintained dock, complete with boat lift and slip, make this property a boater’s paradise. Spend your days exploring the waters of Lake of Bays, fishing, swimming, or simply cruising in your boat. The property's west-facing orientation ensures you’ll enjoy breathtaking sunsets, creating the perfect backdrop for unforgettable evenings spent with loved ones. A single-car garage adds convenience & storage space. Whether you choose to keep it as a delightful family cottage or envision building a large modern retreat, the coveted location and exceptional features of this property make it a rare find.