A unique opportunity to own a rarely available waterfront property only 10 minutes to downtown Toronto with 65 ft frontage on Lake Ontario. The property is currently an operating triplex with 3,685 sq ft of rentable area (includes 1,025 sq ft lower-level unit) . The property offers an Investor or end user an opportunity to improve the density of the existing building, hold it for an investment or build their dream waterfront home. The stunning, 3rd floor, 1750 sq ft main apt has a deck overlooking the Lake. The Lower Level is a large 1,025sq ft unit. The 900 sq ft main floor apt includes 1 kitchen, Living/dining room, and a foyer with Lake views. All 3 units have laundry facilities. Live in the 3-level unit and collect rent! Includes a detached 900 sq ft rear garage. Mutual drive and rear laneway access. Extra land available to build laneway housing. **EXTRAS** Mechanical updates (200 Amps, Gas boiler, Windows, Wiring throughout, Plumbing). Suite updates. There is great potential to densify the existing building and/or add a laneway suite. The Seller will hold a VTB mortgage for qualified buyers.