 Today, the lake is largely 'developed' with 640 properties, and virtually all new construction involves the removal of 50- or 60-year-old cottages and their replacement by modern cottages, usually designed by architects.Fifteen percent of the land on the lake is unoccupied, permanent 'Crown land', as well as one large island.On November 5, 1818, the six Chiefs of the Chippewa (Ojibwa) Nation of southern and central Ontario, including Chief Paudash, sold and conveyed to the Crown what is today all of southern Muskoka and southern Haliburton (below 45 degrees north), for the "consideration of the yearly sum of Seven Hundred and Forty Pounds Province Currency in goods at the Montreal price".