This aerial view is taken from directly above the location of the previous image, and looks out along the Tobermory harbor entrance to Lake Huron waters in the distance. The large ship in docked at the end of the peninsula is a ferry.
The description states simply:
AERIAL VIEW OF TOBERMORY
Ontario, Canada
–This card, like the one before it, is part of a larger collection of pictures originally attached at top and bottom, to be separated along a perforation and mailed or displayed individually. This card dates from the 1960s.