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Set on an exceptional 2-acre parcel in the coveted Mount Nemo community of North Burlington, this property offers a rare opportunity to live, invest, or build. Backing onto prestigious Bluffs Estates and surrounded by mature trees and scenic trails, the setting delivers a peaceful, Muskoka-inspired lifestyle just minutes to Dundas Street, major highways, shopping, golf, and steps to the Bruce Trail. The existing residence is a well-maintained 2+1 bedroom bungalow offering approximately 1,923 sq ft on the main level, plus a finished lower level. A bright, functional layout features a spacious living room with a large picture window, wood-burning fireplace, and feature brick wall. The dining room includes built-in cabinetry and overlooks the picturesque grounds, while the kitchen offers Corian countertops, ceramic flooring, and a window above the double sink. Two bedrooms are tucked into a private wing, alongside an updated main bathroom with walk-in shower. A separate main-level wing with its own entrance provides in-law or multi-generational living potential, featuring an oversized open-concept space, kitchenette, wood-burning stove, and multiple access points. The lower level adds further versatility with a recreation room, additional bedroom, and laundry. For those seeking to create a true estate-calibre residence, plans are available for a custom home offering just under 13,000 sq ft of combined gross floor area including parking for 5 cars. This represents a rare opportunity to establish a landmark estate within one of North Burlington's most coveted natural settings. Renowned builder Ambassador Fine Custom Homes has been engaged, bringing proven expertise and a deep understanding of the property. With approvals in final stages and expected in the coming months, this offering presents a unique opportunity to expedite the development timeline and move forward with confidence alongside an experienced builder. Comprehensive due diligence has been completed.