Hey JimboToronto, I spent a lot of time up there, years back.  Family friends had property on that very lake.  It's a great lake, close to a great little city with everything you might need but I would be very careful with that particular piece of property.  I remember years ago a man tried to build a cottage in a very similar location on that same lake but was stopped and forced to remove what he had constructed and return the area to its previous state.  It was the talk of the lake that someone would have the audacity to do such a thing in violation of the law.   I can't say I'm 100% certain it was that exact property but almost the entire west side of that lake is in an Environmental Protection One zone.  There's virtually no way you're going to be allowed to build on it.