An incredible investment opportunity awaits on not one, but two properties. Located on crystal clear Tooke Lake in desirable Lake of Bays, this handsome and tranquil property boasts major upgrades, including transitioning the cottage to a four season home, new floors, air conditioning, new furnace, new windows, a composite deck, as well as an asphalt driveway. A profitable Air B n B, the property is turnkey, and includes a Bunkie, and the separate deeded land across from the cottage, (suitable for a garage, or other structure (pending the appropriate Bylaw approvals). With breathtaking lake views, the cottage has an enviable shoreline with an array of granite rock, pine, sand and crystal clear water - everything that Muskoka is known for! The gentle entry from the sandy shoreline, progressing to deeper water for swimming, making this ideal for all age groups. You'll sense the feeling of peacefulness, not to mention the incredible natural light and views from every room in the cottage. There are 3 roomy bedrooms, 1 bathroom, an open concept living room, with a new wood burning fireplace, an ample, open and bright kitchen, with plenty of room for a large dining table. Nature won't disappoint as day turns into night. From the generous deck, inside the cottage, or by the fire pit, between the sunsets and night sky, we know you'll be captivated. The property is a 3 minute drive to beautiful Baysville, where you'll find unique shops, grocery stores, the LCBO, a library, craft brewery and marina. You're less than 20 minutes to either Bracebridge or Huntsville, and the many attractions both offer.