Incredible Muskoka Development Opportunity

$ 25,000,000
Price
$ 25,000,000
ID
2017_001
Type
Commercial / Retail
Sold
No
Contract
Sale
Status
For Sale
Location
Muskoka / Skeleton Lake / Gravenhurst / Port Carling
Lot dimensions
290 Acres ft.
Material
Block, Brick, Mixed, Stone, Wood

Description

THE OFFERING

Sotheby’s International Realty Canada is pleased to present this exceptional opportunity procure an established, 9-hole golf course, fractional cottage oper­ation and development of a proposed Golf Lifestyle Community consisting of 60 cottages on 1 – 2 acre lots in the Muskoka region, named the #1 tourist desti­nation in the world by National Geographic magazine.

Located between Bracebridge and Huntsville, the property consists of 290+ acres with a semi-private lake, surrounded by mature forest. The official loca­tion is Utterson, Ontario, located on Highway 141 west off Highway 11.

THE DETAILS
  • Established 9-hole top-tier golf course with potential to expand to 12 holes and build a 6-hole mini course (par 3)
  • 10 upscale fractional post-and-beam homes with available weeks to sell and permits to construct five more
  • Strong, year-round cottage rental program
  • 30 minutes drive from Muskoka Airport
  • Plans for two-phase development to build 60 cottages (30 in each phase  permits and approval process now underway)
  • Two additional, private owner cottages and a stone office are included
  • All golf, recreational, housekeeping, maintenance equipment included
  • Established 23 year old golf course business

THE GOLF COURSE

Often compared to Augusta Golf Course in Georgia for its picturesque beauty, this top-tier golf course is impeccably manicured and maintained. The course accommodates all player levels, from beginner to advanced. In operation since 1994, the semi-private course is well-established and was recognized by Toronto Star as “Muskoka’s Group of Seven Most Picturesque Golf Courses.” It is laid out as a nine hole that spans 2,754 yards from the back tees for a par of 34.

There is the potential to add another three holes to make it a 12-hole course plus a mini 6-hole par three course for young play­ers or those who want a quick game.

The course offers: regular memberships, pre-paid membership cards, a driving range, electric golf carts, clubhouse, LCBO license, Pro-Shop, locker room, food and beveridge service, professional instructors and ‘Shades of Muskoka’, a seasonally-operated restaurant, space for weddings and special events.

FRACTIONAL OWNERSHIP COTTAGE PROGRAM

A parcel of this property is designated for fractional cottage ownership, creating an additional income stream.

Built by Normerica, ten upscale, lakefront, post-and-beam cottages were constructed in 2010 and are currently being sold to vacationers in weekly increments. Fractional ownership is a desirable alternative for buyers when a decent Muskoka cottage starts at CAD$1,000,000.00, plus yearly taxes and main­tenance. Permits are in place for a new owner to build another five cottages, which can be sold individually* or pooled into the fractional program.

Property is a member of and considered a “Gold Star” property with RCI International, a global property exchange program. The strong consumer demand for cottage rentals in Muskoka is another notable income source for the fractional cottages available weeks.

Rentals are offered year round. Around the property, there are walking trails with directional signs, bicycles for cottager’s use. Fractional cottage owners get golf course privileges. LTE, WiFi and satellite TV service is available.

DEVELOPMENT PLAN

Development Plan Site planning and permit approval process is currently underway to construct 60 private cottages on 1-2 acre, treed lots in two development phases. The proposed development location is surrounded by lush, forested lands, the golf course and is accessible year-round.

A perfect spot for buyers seeking a private, golf lifestyle community or a Muskoka vacation resort with upscale cottage rentals.

Further detailed information will be provided after purchaser signs a Letter Of Intent and Confidentiality Agreement.

Amenities

  • Appliances
  • Boat House
  • Cable TV Available
  • Central Air
  • Deck / Balcony
  • Dishwasher
  • Dock
  • Fireplace
  • Furnished
  • Internet Available
  • Waterfront
  • Winterized

Location

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