Great Value to Match Rate Decrease! Beautifully Renovated Bungalow nestled in sought-after lakeside community of Gilford, on the shores of Lake Simcoe and Cooks Bay. Stunning 100 x 200 foot fully fenced property, backs onto protected forest. The 3,200 sqft of living space has been designed and renovated throughout in 2023 with many $$$ spent on high quality finishing (see List of Renovations). The new chefs kitchen features modern custom cabinetry, quartz counters and backsplash with large island to accommodate gatherings. The dining area is conveniently located to the kitchen. New 150 sqft deck and 650 sqft stone patio offering a relaxing outdoor experience with perennial gardens and natural woodlands behind. Sit on the 450 sqft covered wrap around front porch with your favorite book! The primary bedroom brings a luxurious 5-piece ensuite with heated floors and custom cabinetry. There is lots of room for overnight quests and family with a total of 5 large bedrooms. The open concept living room has a vaulted ceiling with feature wall floor to ceiling fireplace providing an elegant and comfortable gathering space. The basement has been fully finished and is designed with a rental opportunity for a 1 bedroom or 2 bedroom apartment, with gathering spaces. The basement kitchen is roughed in with design drawings available. Tenants will have their own laundry center, separate electric panel, storage area and separate entrance. Safety features included are egress windows, and 1 hour fire separation to finished basement. Necessary mechanicals with new furnace, central air conditioning, water heater, primary and secondary sump pump with back up battery and monitoring system. New water filtration system of reverse osmosis, UV, iron slayer and softener. With this stunning Gilford home you can enjoy the lakeside community while still having all the modern conveniences of a fully renovated home.