Rarely offered on the coveted south shores of Rice Lake-this bright 2-bedroom, 1-bath raised bungalow is the kind of waterfront property buyers wait years to find. With approximately 500 feet of privately owned shoreline and over 65 years in the same family, this is a rare opportunity to own truly private, natural waterfront. Positioned at the water's edge with a walk-out basement, the home is designed to capture lake views and effortless indoor-outdoor living. Step onto the expansive main-floor deck and feel suspended above the water-perfect for morning coffee, sunset drinks, or hosting family and friends. Set on the Trent-Severn Waterway, your dock opens to kilometres of boating while offering a front-row seat to passing boats completing "The Loop." Accessed by a private road and surrounded by over 300 acres of fields and forest, there are no direct neighbours-just quiet, space, and uninterrupted views. Life here is simple and grounding-misty mornings, sun-filled afternoons, and star-lit evenings with the sounds of loons and nature all around. Yet you're only 10 minutes to Hastings by boat or car for dining, groceries, and essentials. Inside, the home offers a warm, functional layout with two spacious bedrooms and a full bath. The kitchen features classic wood cabinetry, blending character with everyday practicality. A 30+ ft south-facing sundeck with electric awning extends your living space and maximizes sun and lake views. Built for comfort and efficiency, the home includes a metal roof, spray foam insulation, and sound-dampening features. The bright lower level offers walk-out access, large windows, and pot lights-ideal for a family room, games space, or additional sleeping area. At the shoreline, an armour stone firepit creates a natural gathering space for evenings under the stars. This is more than a cottage-it's a legacy property offering privacy, space, and true waterfront living. Book your private tour and experience it for yourself.