The sale of Driftwood Cove in Tobermory is now finalized.
The Federal Government officially acquired the property last week for $22.5 Million.
The deal expands the size of Bruce Peninsula National Park by another 3,272 acres.
It also brings the park to 90 percent complete and adds 6.5 kilometres of uninterrupted Georgian Bay shoreline and 8 kilometres of the popular Bruce Trail.
The deal was first announced July, but financial terms were not released as the sale had not yet closed.
The Bruce Trail Conservancy is committing $1.9 Million.
The government said in a news release that the acquisition will mean the Driftwood Cove will be protected for future generations while preserving the ecological integrity of Bruce Peninsula National Park.