The York Downs Golf and Country Club membership has spoken.

The big issue concerning the members in good standing was an offer presented by four urban development groups to sell their property encompassing some 400 acres for $412 million.

With more than 800 members eligible to cast a ballot to accept or turn down the proposed offer, it turned out to be too enticing to pass up as close to 82 per cent agreed Tuesday to sell.

In doing so, each voting member could receive close to $200,000 before taxes.

The offer came from a consortium comprised of Kylemore Communities and Angus Glen Developments, Pace Developments, Metropia and Empire Communities.

The official transaction could take place within one to two months.

For the time being, it will be business as usual as the club prepares to open its gates to members for another season on its 27-hole course.

Established in 1922, York Downs Golf and Country Club was originally located in North York at Bathurst and Sheppard Avenues for 47 years before moving to its current location on 16th Avenue between Kennedy Road and Warden Avenue.

The golf club recently completed a $4 million renovation of its nine-hole South and West courses.