Discover this enchanting family cottage on the serene shores of Lake Muskoka, just minutes from Port Carling by car or boat where you can enjoy local restaurants and shops, golf and so much more. This idyllic property offers a perfect blend of practicality and desirability, making it an ideal retreat with endless development opportunities, all while being accessible year-round. The cottage boasts 3,000 sq/ft of living space, featuring 5 bdrms and 3 bthrms. Cathedral ceilings and oversized windows flood the cottage with natural light, offering sparkling lake views. The unique floor plan is perfect for welcoming the whole family. Three of the bedrooms are in the walk-out basement, complete with a 4-piece bath & utility/laundry room. Looking for a home office or additional flex space, the loft above the kitchen offers just that with plenty of head room and natural light. An additional oversized living space on the east side of the cottage, added in 08, includes an open bachelor-style floor plan, kitchenette, 3-piece bath, propane fireplace, and a versatile living/sleeping area, perfect for guests or as an in-law suite. Cozy up by one of the two beautiful woodstoves in the original section of the cottage, extending your season while lakeside in Muskoka. Enjoy several sitting areas within the cottage with stunning lake views, including the oversized deck, which serves as a gathering place for evening dinners and entertaining. The very private setting, with 1.05 A and 200 feet of natural frontage, ensures your neighbours are nicely tucked away. The natural sloping Muskoka shoreline features a 1-slip boathouse with a 19.5' x 31' sundeck, perfect for basking in the southern exposure. Situated on a quiet road with breathtaking views of the lake with Horseshoe Island in the near distance. Lake Muskoka, part of a chain of three lakes, offers endless exploration and adventure for a new or well seasoned cottager. Come enjoy a unique retreat on Pennwood Road! Furniture,Hot Water Tank Owned,Window Coverings,Negotiable,X2 Fridges, Microwave, Stainless Steel Stove, Washer, Dryer, Bar Fridge, Chest Freezer.