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CAD 29,000

1052 RAT BAY (102 DEERVIEW, WEEK 7) Road
Lake of Bays (Twp), Ontario

Beds 2
Baths 1

Property Description

Blue Water Acres has almost 50 acres of Muskoka paradise and 300 feet of south facing frontage on Lake of Bays and is offering fractional ownership in a variety of detached four-season cottages. This is NOT a time share. You would actually own a share of the cottage that you buy which includes a share in the entire complex giving you the right to use the cottage for one core summer week plus 4 more floating weeks each year in the other seasons. This 2-bedroom cottage is called 102 Deerview, Week 7, and check-in is on Fridays at 4 p.m. Week 7 started on Aug 6 in 2021 and the remaining weeks of 2021 start on Nov 5 and Dec 31. (see supplemental documents for upcoming weeks in 2022, 2023 and 2024). ANNUAL maintenance fee for the Deerview is $4,194 + HST. Facilities include indoor swimming pool, whirlpool, sauna, games room, fitness room, activity center, gorgeous sandy beach with shallow water (ideal for kids), great swimming, kayaks, canoes, paddle boats, skating rink, tennis court, playground and walking trails. You can moor your boat for your weeks during boating season. Owners of Deerview are given tokens and laundry detergent to use in the common area building. Owners also have the option to participate in the Interval International Association (see supplements). There is no HST on the purchase price. All cottages are PET-FREE and Smoke-free. Some owners rent their weeks out to help cover maintenance costs. Weekly Rental income for the Deerview ranges from $1579/wk to $2859/wk depending on the season. If you choose to use the Blue Water Acres rental program, the revenue is split 50/50. If you rent it yourself, you keep 100% of the revenue. This is a great investment on a beautiful part of Lake of Bays which you can enjoy for five weeks per year! (id:885)

Courtesy of CHESTNUT PARK REAL ESTATE LIMITED, BROKERAGE, HUNTSVILLE - M423

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Property Details

ID #
40143400
Status
For Sale
Type
Single Family, House, Residential
Postal Code
P1H2J6
Building Area
565ft2
Building Feature
Fitness center, Party Room
Ground Feature
Tennis court
Septic
City sewer
Acreage
Yes
Amenities
Beach
Area Amenities
Beach
Construction Material
Wood frame
Construction Style Attachment
Detached
Cooling Type
Wall unit
Exterior
Wood
Heating Fuel
Electric
Heating Type
Baseboard heaters
Life Style
Resort, Waterfront
Ownership Type
Timeshare/Fractional
Pool Type
Indoor pool
Surface Water
Lake
Utility Water
Lake/River Water Intake
Water Front Name
Lake of Bays
Water Front Type
Waterfront
Zoning Description
Waterfront Resort Commercial with an exception
Appliances
Microwave, Range - Gas, Refrigerator, Stove, Window Coverings

Room Dimensions

3pc Bathroom
6'10'' x 5'11''
Bedroom
9'3'' x 7'10''
Kitchen
7'3'' x 7'0''
Living room
11'10'' x 10'0''
Primary Bedroom
9'5'' x 11'5''
Sunroom
19'0'' x 7'5''
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