Exceptional Multi-Cottage, Commercially Zoned Property on the Moon River in the Heart of Bala! South West-facing with clean, deep waterfront, this rare offering delivers incredible sunset views and an unbeatable location. Just steps from Bala's shops, restaurants, and the iconic Kee to Bala, and only a short drive to Port Carling or Gravenhurst, this property is ideally situated to enjoy everything Muskoka has to offer. Currently featuring three cottages, the property provides both charm and flexibility. The Bay Cottage is newly renovated and filled with natural light and lake views from every room. It is designed with character and style, offering 1 bedroom, 1 bathroom, and walkouts to the deck from the living room, dining area, and bedroom. The Grove and Pine Cottages are classic Muskoka style, each with 3 bedrooms and 1 bathroom. All cottages feature beautiful water-view decks, perfect for relaxing or entertaining. Enjoy the clean, deep shoreline off the dock for swimming, boating, or fishing. With valuable commercial zoning, the property opens the door to endless possibilities whether creating a family compound, expanding into a rental investment portfolio, or developing a unique waterfront business venture. With its prime location, multiple dwellings, and commercial potential, this Moon River property is truly a one-of-a-kind investment in Muskoka's cottage country.