Beautifully maintained 3+1 bedroom raised bungalow with a LEGAL 1-BEDROOM APARTMENT and rental income potential of approximately $20,000 annually. Ideally located in Wasaga Beach's desirable west end, just steps from Georgian Bay with waterfront access around the corner, nearby walking trails, and convenient access to both Collingwood and Wasaga Beach amenities. Built in 2018, this bright and inviting home offers an open-concept main level with 3 bedrooms and 2 full bathrooms. Thoughtful updates include a custom natural stone gas fireplace crafted from Georgian Bay stone in 2022, fresh paint in 2025, upgraded pot lights and kitchen backsplash in 2023, A/C in 2019, washer and dryer in 2021, and refrigerator in 2025. The finished lower level adds valuable living space, including a family room, an office or guest area, and a 2-piece bath, completed in 2023. The legal 1-bedroom suite was professionally completed in 2021 with permits and licensed trades. Designed for comfort, privacy, and functionality, it features a separate walk-up entrance, private laundry, a separate electrical panel, oversized windows, enhanced soundproofing with resilient channel and double drywall, and upgraded fire-safety measures, including a sprinkler system in the mechanical room and a furnace fire-shutoff sensor. Heated concrete walk-out stairs with heat tracer cables provide added peace of mind for winter access. Outside, enjoy a large rear deck, fully fenced backyard, mature landscaping, natural stone front walkway, and recently sealed driveway. Move-in ready with built-in income potential, ideal for rental income, multigenerational living, extended guests, or rentals over 30 days.A rare opportunity to own a meticulously cared-for home close to beaches, golf, skiing, trails, shopping, and everyday amenities in one of Wasaga Beach's most sought-after west-end neighbourhoods.