This one-of-a-kind waterfront property is a stunner! This 40 acre estate sized property offers great privacy with lots of room to sprawl out on or many other development possibilities may perk your interest! It has a magnificent waterfall, expansive waterfront with direct boat access to the sought-after Lake of Bays in Muskoka. You can boat or canoe down the winding navigable Oxtongue River to Lake of Bays to explore or paddle up the upper Oxtongue River towards Algonquin Park. Shovel-ready plans are approved for a 6,000+ square foot luxury bungalow with a rooftop terrace and a six-car garage. The planning is done and approved by the township and is ready to start building! Plenty of room for expansion for tennis court, gardens, trails or other developments. Hydro is installed along with the driveway. This is a rare offering of large acreage and waterfront. The property has easy year-round access and is close to amenities, restaurants, shopping, snowmobile trails, and a myriad of watersports and other recreational activities. Some areas on of the 40-acre parcel are environmentally protected for the beautiful habitat. Across the river is Lake of Bays Heritage Foundation which owns 6.5kms of protected shoreline. This is a must-see property for the discerning buyer. Luxury home and site plan available. A great property for a family compound or potential for severances and alternative developments. Road frontage along Hwy 35 is approx. 1159 ft, Road frontage along Foxpoint Rd is approx 1284 ft. and waterfrontage on Oxtongue River is 3175 ft. (id:41202)