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Attention first time buyers and investors! This detached 3 bedroom bungalow features a separate entrance to the basement from the garage to an additional 2 bedrooms and recreation room, which could be converted to a basement in-law suite or has potential for a rental income opportunity. Situated on the edge of town close to Lake Simcoe on an expansive 100 x 150 ft lot and backing onto scenic open fields, offering views of the Beaver River. Freshly painted with hardwood flooring throughout the main level. The spacious living room boasts a cozy gas fireplace and a large picture window that floods the space with natural light. With an oversized 1.5 car garage, this home is ideally located in the up-and-coming Beaverton area, offering easy communting options to the city, while being secluded with lots of privacy. Enjoy outdoor activities by the lake, or walks along the nearby trails! 642 Simcoe Street provides an excellent opportunity for multi-family living or potential rental income.