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$ 9,980,800
Est. payment | /mo
58 SqFt
$ 9,980,800
Est. payment | /mo
58 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 58 sqft
Price per Sqft $172,082
Subdivision Rural Scugog
MLS Listing ID E12435261
Annual Tax Amount $8,397
Tax Year 2024
Property Sub-Type Land
Property Description
This property represents one of the most scarce and sought-after waterfront resort development opportunities in Southern Ontario. Located at 138 and 130 Portview Road in the picturesque town of Port Perry, the combined lands comprise approximately 58 acres gross with an estimated net developable area of 8 to 9 acres once shoreline buffers and environmental protection zones are accounted for. The site offers tribunal-protected entitlements for a Tourist Resort of up to 230 units, along with accessory banquet, restaurant, fitness, and retail facilities. These permissions were secured through a site-specific Official Plan Amendment and Zoning By-law Amendment, both of which were upheld by the Ontario Municipal Board (PL140635, 2015), ensuring that a purchaser can proceed directly to detailed site planning without incurring rezoning risk. The C7-1(H) zoning permits resort accommodations in the form of suites, guest rooms, or housekeeping units with required on-site management, while also allowing hybrid formats such as condo-hotel or resort condominium structures. This flexibility allows investors to structure the property as a traditional resort, a fractional ownership model, or a hybrid concept that combines guest accommodations with individually conveyable units. Ancillary components, including banquet, dining, retail and fitness, are expressly permitted, supporting a complete destination program. Unlike raw land, this is a rare investment with approvals already in force, providing significant time and cost savings. Beyond the approvals, what makes this opportunity truly unique is its setting: Port Perry is a lakeside community with Victorian architecture, boutique shops, cafés and small-town charm, all within easy reach of the Greater Toronto Area. The combination of entitlement certainty, waterfront scale and location in one of Ontario's most charming historic towns positions this offering as a once-in-a-generation resort development opportunity.
Location
Province ON
County Durham
Community Rural Scugog
Area Durham
Exterior
Community Features Major Highway
Utilities Available None
Lot Frontage 2270.0
Lot Depth 1481.0
Listed by METROGLOBE REALTY BROKERAGE CORP.
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