Are you looking for a waterfront oasis to call your own? If so, then this stunning listing is definitely worth checking out. Located on 5.7 acres in Lake Ainslie, in the heart of Cape Breton Island, you will find the main house, immaculately maintained by the original owners for almost fifty years, and a guest house/cottage, which has tons of rental income potential. This property consists of two separate lots, with different civic addresses, driveways, and septic systems. Although they do share a well, there is an abundant water supply with over 55gpm. The main house sits on 3.56 acres with 217' feet of water frontage onto the lake. Upon entering the house, you can instantly tell that it has been meticulously maintained and cared for over the years. On the main floor you will find a large primary bedroom with ample closets and an ensuite bathroom, two additional bedrooms, a second full bathroom, and an open concept kitchen, dining room and living room with large windows that look out onto the lake. Downstairs there is a recreational room, a sizeable workshop (19'x27') and two additional rooms that could be used as offices or smaller bedrooms. The basement has high ceilings, is well insulated, and has lots of storage space to offer. A couple hundred feet from the main house, you will find the cottage, which sits on 2.3 acres, with 139' of waterfront. It features two good sized bedrooms and a large living room with a walkout deck that overlooks the lake. With minimal effort, you could turn this into a successful airbnb or rental income property that could subsidize your mortgage! The property itself is a selling point within itself. Trees all along the road and perimeter offer the utmost privacy so you can enjoy the sweeping views of the lake and hills to yourself. Whether you're just looking to have a guest house for when friends and family come to visit, or you're looking to get into the rental market, this double lot combo is a great package deal.