One of the finest waterfront properties along this stretch of Georgian Bay, this thoughtfully renovated residence is perfectly positioned on the sheltered waters of Paynter's Bay, just minutes from Owen Sound. Set on a beautifully landscaped 120 feet by 332 feet property with over 400 feet of shoreline, the west-facing waterfront offers some of the most spectacular sunsets Georgian Bay has to offer, along with panoramic water views, a private dock and a beach area. Designed to embrace its setting, the bright open-concept main level features expansive windows overlooking the Bay, maple hardwood flooring and a gas fireplace. The custom Brubacher Cabinets kitchen showcases leathered granite counters, built-in appliances, and a generous island that flows seamlessly into the dining area. Two spacious bedrooms, a beautifully finished five-piece bath and powder room complete the main level. The fully finished walkout lower level offers excellent flexibility for multi-generational living, guests or income potential, with a second custom kitchen by Durnin's Custom Cabinets featuring quartz counters, a family room with an electric fireplace, two additional bedrooms, a four-piece bath, a private entrance and a cold cellar with a safe. An attached double garage plus a third garage provides ample space for vehicles, boats and recreational equipment. Ground-source geothermal heating, 200-amp service and multiple outdoor entertaining areas complete this exceptional waterfront property. Conveniently located near Owen Sound, Meaford, Thornbury, Collingwood and Blue Mountain, with golf, skiing, hiking and four-season recreation nearby.