  We present a multi-epoch infrared photometric study of the intermediate-mass
star forming region G173.58+2.45. Photometric observations are obtained using
the near-infrared $JHKL'M'$ filters and narrow-band filters centered at the
wavelengths of H$_2$ (1-0) S(1) (2.122 $\mu$m) and [FeII] (1.644 $\mu$m) lines.
The H$_2$ image shows molecular emission from shocked gas, implying the
presence of multiple star formation and associated outflow activity. We see
evidence for several collimated outflows. The most extended jet is at least
0.25 pc in length and has a collimation factor of $\sim$ 10, which may be
associated with a binary system within the central cluster, resolved for the
first time here. This outflow is found to be episodic; probably occurring or
getting enhanced during the periastron passage of the binary. We also find that
the variable star in the vicinity of the outflow source, which was known as a
FU Ori type star, is probably not a FU Ori object. However, it does drive a
spectacular outflow and the variability is likely to be related to accretion,
when large clouds of gas and dust spiral in towards the central source. Many
other convincing accretion-outflow systems and YSO candidates are discovered in
the field.
