Exceptional Waterfront Investment Opportunity on Lake Nipissing. Discover the perfect blend of commercial potential and residential tranquility with this rare waterfront offering on the pristine shores of Lake Nipissing in beautiful Callander Bay. This versatile property includes a well-known commercial space, a charming single-family home, and a profitable two-unit rental a dream setup for entrepreneurs, investors, or those seeking a live-work lifestyle. The main level features the beloved local establishment, Lu Lus Callander Bar and Grill, a thriving restaurant/sports bar with a loyal customer base. Above the restaurant, the expansive second and third floors offer untapped potential ready to be transformed into rental apartments, or additional commercial space to suit your vision. The single-family home offers functional living with 3 bedrooms, 1 bathroom, and an attached garage. Situated right on the bay, it boasts serene lake views and direct access to the water perfect for year-round enjoyment. Adding further value, the property includes a two-unit rental building, each with 2 bedrooms and 1 bathroom, ideal for generating steady passive income. Ample parking and direct lake access make this an attractive destination for both sledders in the winter and boaters in the summer. Whether you're expanding your business portfolio or looking for a lifestyle investment, this unique property offers endless possibilities in a sought-after waterfront location. Don't miss your chance to own a truly one-of-a-kind lakefront gem.