Perfectly positioned on the beautiful Severn River between Orillia and Gravenhurst, this exceptional waterfront property offers an incredible opportunity with 200 feet of south-facing frontage and a rare double lot setting. With potential to sever the lot (subject to approvals), this property presents outstanding future development possibilities whether you're looking for the ultimate family cottage, investment opportunity, or space to create your dream waterfront retreat. The cottage is ideally situated on the far right side of the property, leaving an expansive amount of usable space for outdoor activities, future additions, garages, bunkies, or whatever best suits your vision. The completely renovated cottage offers easy one-level living with a bright and inviting open-concept layout designed to maximize the stunning river views. The living area features a cozy wood stove, while the dining space overlooks the water, creating the perfect setting for entertaining or relaxing with family and friends. The beautifully updated bathroom showcases a spa-inspired design with a sleek doorless walk-in shower, rain head shower system, designer tile feature wall, open entry, and linear drain for a luxurious modern feel. Offering two well-sized bedrooms, this turnkey property also comes fully furnished, allowing you to immediately start enjoying cottage life. Step outside to the spacious deck, ideal for morning coffees overlooking the river or eveningBBQs in the warm southern sun. Down at the waterfront, the expansive dock provides ample room to dock your boat, lounge in the sun, and fully enjoy everything the Severn River lifestyle has to offer. Ideally located close to Lock 42, Washago, and local snowmobile trails, this property offers year-round enjoyment in every season. Accessible by a year-round municipally maintained road with garbage pickup and high speed internet available. 200 FEET OF WATERFRONT ON THE BEAUTIFUL SEVERN RIVER!