This property has it all! Set on just under an acre lot with 198-foot frontage ravine lot at the edge of the city, this lot is one of the nicest in the City, with your very own stream! Tastefully updated throughout with custom finishes, this home will impress. As you walk into the home, you'll immediately notice the spacious layout and the formal living room on the left, walk a few steps right into the dining room with sliding patio doors that lead to a deck with a gazebo and to the left of the dining room is a gorgeous kitchen with a high-end cherry cabinetry with loads of storage and a functional layout. On the second level of the home there is a renovated bathroom also with high end cabinetry, that leads to the primary bedroom. There are 2 additional bedrooms on the level. On the lower level you will find a huge rec-room with patio doors that walk out to a lower-level deck and the private rear yard. There is also an updated 3-piece bath. There is an unfinished, lower level that has the mechanical systems of the house all of which have been updated, the laundry area and a walk out that leads to the rear yard. This home and property have been maintained well and it shows! This property is located close to Georgian Shores Marina, Kelso Beach Park, and really all the amenities Owen Sound has to offer. With a lot of this size there is potential to sever a lot on the east side of the property. The owners have investigated this and have made considerable headway in the severance process are continuing to work through the motions. Take advantage of the legwork already completed to have either a beautiful home on a large, very rare, ravine lot or a have a separate lot for future development and the house. This is an opportunity! Secure your future investment now and contact your REALTOR to set up a showing of this fabulous opportunity.