Incredible Muskoka Development Opportunity | Diamond In The Ruff
Property type: Commercial / Retail
Area (Sq Ft)
Cable TV Available
Deck / Balcony
Garage / Coach House
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.
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 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.
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