It’s taken two years longer than originally expected, but the sale of 23 acres of land at Kawartha Golf and Country Club to local developer AON Inc. is now complete.
In February 2018, AON entered into a conditional purchase agreement for the land, where it intends to develop a retirement residence as well as 390 residential rental units. The sale was originally expected to close in fall 2018.
Now that the sale is complete, Kawartha Golf and Country Club will begin work this fall to create two new holes for the golf course, to replace the existing 15th and 16th holes along Clonsilla Avenue that are part of the parcel of land purchased by AON.
The club also has plans to renovate or replace the existing clubhouse and to construct a new maintenance facility.
“We are very pleased to be able to begin work on our multi-year revitalization project,” states Rob Elliott, president of Kawartha Golf and Country Club, in a media release on Friday (September 18).
Proceeds from the sale will also be used to pay off the club’s existing debt, Elliott says.
As construction of the AON development is scheduled to begin in 2023, AON has agreed to allow the existing holes to be played until replacement holes are ready, scheduled for mid-summer 2022.
“We are very grateful to AON for making it possible for us to continue to be an 18-hole golf course during the revitalization process,” Elliott says.
“AON has been a great partner during the nearly two-year process to complete this sale and we look forward to working together to jointly promote Kawartha (Golf and Country Club) and the housing development to prospective buyers and new members.”
Kawartha Golf and Country Club opened in 1932. It was designed by renowned golf course architect Stanley Thompson and is rated as one of the top 100 courses in Canada by SCORE Golf magazine. The club currently has more than 600 members.
AON has a portfolio of residential apartment properties and commercial space in Peterborough, as well as apartment holdings in Houston, Texas, and a residential development and golf course in Port Hope.
The company owns and operates two licensed long-term care homes in Millbrook and Tweed, in addition to the Gardens of Peterborough retirement residences including Canterbury Gardens, Royal Gardens, Princess Gardens, and Empress Gardens.
