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CAD 76,500

1052 RAT BAY Road Unit# 106-7
Lake of Bays (Twp), Ontario

Beds 2
Baths 2

Property Description

Blue Water Acres cottage resort has almost 50 acres of Muskoka paradise and 300 feet of south-facing frontage on Lake of Bays. 106 Algonquin Cottage has a propane fireplace and laundry facilities and is close to the pool area and games room. Fractional ownership entitles you to own a 1/10th share of the cottage that you buy which includes a share in the entire complex. This gives you the right to use the cottage Interval that you buy for your core summer week plus 4 more floating weeks each year in the other seasons. Some owners rent some of their weeks out to help cover maintenance costs (which include property taxes, cleaning, insurance, utilities, repairs etc...) Rental rates for Algonquin cottage range from $1,859/wk to $3,169/wk depending on the season. If you use the Blue Water Acres rental program to rent it out, the revenue is split 50/50. If you rent it out yourself, you get to keep 100% of the revenue. Facilities include an indoor swimming pool, whirlpool, sauna, games room, fitness room, activity center, gorgeous sandy beach with shallow water (ideal for kids), great swimming, kayaks, canoes, paddleboats, skating rink, tennis court, playground, and walking trails. You can moor your boat for your weeks during boating season. This 2 bedroom cottage is called 106 Algonquin, Week 7. Check-in is on Sundays at 4 p.m. ANNUAL maintenance fee for 106 Algonquin is $4,593 + HST. Core week started August 8th, 2021. Remaining weeks are Nov 7, 2021 and January 2, 2022. See suplemental material for weeks in upcoming years. There is no HST on the purchase price. All cottages are PET-FREE and Smoke-free. (id:885)

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

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Property Details

ID #
40125305
Status
For Sale
Type
Single Family, Bungalow, House, Residential
Postal Code
P1H2J6
Building Area
921ft2
Building Feature
Fitness center, Party Room
Access Type
Road access
Acreage
Yes
Age
New building
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
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
6'7'' x 6'7''
4pc Bathroom
5'11'' x 10'0''
Bedroom
11'0'' x 10'1''
Dining room
10'6'' x 11'0''
Kitchen
10'6'' x 8'1''
Living room
10'0'' x 13'9''
Primary Bedroom
11'0'' x 13'7''
Sunroom
10'11'' x 11'4''
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