Commanding one of the finest lots on Lake Couchiching, this exceptional waterfront estate is positioned at the end of a quiet dead-end street, offering a rare opportunity to own and improve an irreplaceable piece of shoreline. Boasting 100 feet of sandy-bottom waterfront and eastern exposure, you'll enjoy breathtaking sunrises from the expansive new composite deck. This house is large enough for a multi-family Home or Cottage, offering approximately 4,040 sq. ft. above grade plus an additional 1,800 sq. ft. of finished lower-level living space; it's designed to maximize both space and scenery. The main level features a formal living room, an elegant dining room, a spacious eat-in kitchen with a pantry, and a grand great room, all of which capture stunning waterfront vistas. A private office, main-floor laundry, a powder room, and a walkout to an oversized 50.7' x 20.7' garage complete this level. Upstairs, you'll find four generously sized bedrooms, including two lakefront suites with private en-suites. The primary bedroom also features a walk-in closet and spectacular water views, while an additional full bathroom serves the remaining bedrooms. The refreshed lower level offers new flooring throughout. It includes a den, a full bathroom, a recreation room, a games room, a family room, and a walk-up, creating excellent potential for entertaining or extended-family accommodations. Recent updates include a brand-new metal roof (2025), an updated retaining wall, basement waterproofing, and additional features include forced-air gas heat, central air conditioning, whole-home generator, 400-amp service, drilled well, waterproofed foundation, positive drainage, central vacuum, intercom system, air exchanger, and in-ground sprinkler system. A truly remarkable waterfront offering where privacy and location combine to create a legacy property awaiting its next proud owner to renovate. **Some photos are Virtually Staged and remodeled to show potential**