87 JOSEPH Street

Muskoka Lakes, ON

0.33 sqft
Land
110 days on market

$1,295,000Price reduced 13%

A rare and compelling development opportunity in the heart of one of Muskoka's most iconic destinations - downtown Port Carling. Situated on the Indian River with 63 feet of beautiful sunset west-facing waterfront frontage and 0.334 acres of prime real estate, this C3-zoned lot represents one of the very few remaining developable waterfront parcels in downtown Port Carling. Properties like this simply do not come available.The hard work has already been done. Site plan approval is in place for a boutique three-unit waterfront condominium development, complete with a private owners' gym on the main floor - a thoughtfully designed concept that speaks directly to the luxury Muskoka buyer. All concept plans and approvals are included, with site plan approval fees fully paid. Construction drawings would be completed at the Buyer's expense, allowing for customization. Port Carling sits at the crossroads of Lake Muskoka, Lake Rosseau, and Lake Joseph - the celebrated Three Lakes - drawing some of the most affluent seasonal and year-round residents in Ontario. Waterfront condominiums in this market are virtually non-existent, and demand for turnkey luxury in the heart of cottage country has never been stronger. For the right developer, this is a chance to deliver something genuinely unique to one of Canada's most sought-after resort communities. Opportunities of this calibre, in this location, at this stage of approval, are extraordinarily rare. The foundation is set - now is the time to build on it.

Listing Details

Taxes (2025): $1,057
Originally Listed: $1,495,000
Listed: May 20, 2026

Price History

Listing history

Parking

Garage: None

Utilities

Sewer: Sanitary

Location & Legal

Cross Street: In Port Carling across from the Post Office
Zoning: C3
Parcel Number: 481500590
Possession: Flexible
Occupancy: Vacant

Community

Postal area P0B

Population: 9,589
Private dwellings: 8,951
Median age: 53.2
Average household size: 2.3
Median household income: $90,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Muskoka Lakes · last 12 months

Median sold price: $882,500
Homes sold: 250
Median days on market: 28
Sale-to-list price: 93.8%

Based on 250 recorded sales of commercial properties in Muskoka Lakes over the last 12 months.

Listed by

Chestnut Park Real Estate

Walk Score

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Location

Street View

Commercial figures

Annual property tax: $1,057

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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