Contact

Marvin Pernica ~ Broker of Record
Morcap Corporation, Brokerage

5300 Yonge Street, Suite 205
Toronto, Ontario M2N 5R2
Tel (416) 224-2266
Fax (416) 226-9675

MORCAP CORPORATION, BROKERAGE
These statements are based upon information provided by various sources, which we deem reliable - but for which Morcap Corporation, Brokerage and the seller assume no responsibility and said information is subject to verification during a formal due diligence period.This submission is made subject to prior sale, change in price or terms, or withdrawal without notice. Prospective purchasers should not construe this information as environmental, planning, legal or tax, etc. advice. Legal counsel, accountants or other consultants / advisors, etc. should be consulted, if desired, on matters related to this presentation and the development potential of the property.

MUSKOKA WATERFRONT LANDS - $2,950,000

The subject property is located six kilometers from the urban community of Bala on Lake Muskoka. The property is comprised of two areas. Area 1 is bounded on the north side by Lake Medora and on the south side by Cranberry Road (the main road serving the south side of the Lake), has approximately 2,200 ft frontage on Lake Medora, and comprises 30 acres. It is irregular in shape and the topography is moderately rolling. As a peninsula, it has extensive views over the lake to the north, east and the west. Area 2 is an expanse which includes a small beaver pond and recreational trails throughout.

Area 1 is approved for thirty-two (32) two-story units with approved septic services available on the property. It also has waterfront approval for 8 boat dock slips. Total buildable area is approximately 43,000 sq. ft.

This property is approved for a private resort community, cottage resort and fractional ownership. In addition, a two-story clubhouse, ground water treatment and storage plant, swimming pool, cabana, boat docks, parking lots, driveway and all other amenities for the entire project are in the approved plan.

Current use is an income producing tent and trailer campground with 105 licensed trailer sites and campsites. To see the exiting campground operation visit www.balawoodlands.com.

PROPERTY PROFILE

Area 1: 30.86 acres: Waterfront, Approved for 32 units and clubhouse.
Area 2: 131.84 acres: Vacant, currently used for recreational trails, etc.
Total Area 162.7 acres

PLANNING INFORMATION

Zoning: Area 1 Waterfront Commercial - Resort Commercial Waterfront - (WC1A2-H): By-law 2005-47 permits up to 32 units
Zoning: Area 2 Private Open Space (OS2)

WATER FRONTAGE

Area 1: 2,200 ft Approximate

TERMS OF SALE

The seller shall deliver and the buyer shall accept the lands on the date of closing on an "as-is, where-is" condition. The seller makes no representations or warranties as to, and takes no responsibility for, the accuracy or completeness of any of the information it has provided to the buyer.