A rare opportunity featuring 12 detached cottages on beautiful Rice Lake, offering waterfront and peaceful lake views and amazing sunrises and sunsets. The property includes four 2- bedroom cottages and eight 1- bedroom cottages, each with its own kitchen and private washroom. Several cottages have newer roofs. Enjoy Riparian Rights with a private dock installed and removed seasonally. Enjoy some amazing fishing and water activities. This versatile property offers excellent potential for future redevelopment, with professional concept plans available for review. Conveniently located near restaurants, parks, trails, the marina, LCBO, and just a short drive to Port Hope, Cobourg, Peterborough, and major highways. Ideal for investors, recreational use, or long-term visionaries looking for a unique waterfront opportunity. Close enough for an easy escape, only 90 minutes from Toronto, yet far enough to enjoy true lakeside serenity. A short drive to Peterborough Casino and Kawartha Downs Casino with racetrack, and conveniently close to Costco, Walmart, and the local hospital. During the winter months, enjoy a variety of seasonal activities right on beautiful frozen Rice Lake.