Welcome to this spacious 5-bedroom, 2-bathroom bungalow nestled on a beautifully landscaped lot just steps from the shores of Lake Couchiching. With a fully finished basement and a built-in single-car garage, this home offers both functionality and charm in a peaceful, family-friendly setting. The main floor boasts an open-concept layout with a bright living room, dining area, and kitchen featuring a walkout to the large back deck - perfect for entertaining. Overlooking a private, fully fenced backyard, you'll find mature gardens, a built-in hot tub (sold as is), fire pit and a charming cabana area ideal for relaxing or hosting guests. The upper level also includes three generous bedrooms and a spacious 4-piece bathroom adorned with marble tile, a dressing table, and ample storage. Downstairs, the finished basement provides flexible living space with two additional bedrooms, a rec room with a cozy wood-burning fireplace (which could also serve as another bedroom), a laundry closet, and a 4-piece bathroom with a large corner tub. With inside access to the garage from the basement, there is great potential for an in-law suite or secondary living area. Additional highlights include a double-wide paved driveway for ample parking, and access to a private beach park just minutes away, featuring a sandy shoreline, kids play structures, and a boat launch with breathtaking views of Lake Couchiching. Whether you're looking for a family home, cottage alternative, or multi-generational opportunity, this versatile property blends comfort, outdoor living, and unbeatable access to Simcoe waterfront amenities.