Address
1052 RAT BAY 106 ALGONQUIN COTTAGE WEEK 4 Road Lake of Bays, ON
Price
$ 88,027
Property Attributes
  • ML#40083610
  • TypeSingle Family
  • CityLake of Bays
  • NeighbourhoodFranklin
  • Postal CodeP1H 2J6
  • StyleBungalow
  • Price$ 88,027
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Lot Size49.5 Acres
Listing Provided Courtesy Of:
CHESTNUT PARK REAL ESTATE LIMITED - BROKERAGE, HUNTSVILLE - M208
Data Source:
Canadian Real Estate Association
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 NEW fractional ownership of one of many different Interval weeks in three different styles of detached four-season cottages. All cottages have a propane fireplace. This is NOT a timeshare, you would actually own a 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 one core summer week plus 4 more floating weeks each year in the other seasons. Some owners rent their weeks out to help cover maintenance costs. There is a high demand for rentals this year and all of the new Interval (fractional) units are rented for the summer week in 2021. If you buy a unit now and want to use it for your core summer week this year there is a possibility that the renters would be willing to switch to another time or another cottage. Or you could collect the rental income yourself. Rental rates for Algonquin cottage range from $1,859/wk to $3,169/wk depending on the season. If it's rented through Blue Water Acres 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 4. Check-in is on Sundays at 4 p.m. ANNUAL maintenance fee for Algonquin is $4,593 + HST. Core week 4 (presently rented out) starts July 18th in 2021 & the remaining weeks in 2021 start on: May 30, October 17 & December 12. There is a laundry in the Algonquin cottage. The purchase price includes HST. All cottages are PET-FREE and Smoke-free. (id:7434)

General Features

Ammenities Beach
Building Age New building
Building Amenities Exercise Centre, Party Room
Building Appliances Microwave, Refrigerator, Stove, Range - Gas, Window Coverings
Building Architectural Style Bungalow
Building Cooling Type Central air conditioning
Building Type House
Features Beach, Shared Driveway, Country residential, No Pet Home
Location Description From Huntsville east on Hwy 60 to South Portage Rd, to Rat Bay Road to Blue Water Acres
Maintenance Fee 0.00
More Information Link https://www.realtor.ca/real-estate/22960604/1052-rat-bay-106-algonquin-cottage-week-4-road-lake-of-bays-twp
Property Type Single Family
Zoning Description Waterfront Resort Commercial with an exception

Interior Features

Basement Type None
Building Fireplace Present False
Building Heating Fuel Electric
Building Heating Type Baseboard heaters
Construction Material Wood frame
Construction Style Attachment Detached

Exterior Features

Exterior Finish Wood
Land Amenities Beach
Water Front Name Lake of Bays
Water Front Type Waterfront

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in P1H 2J6

Price
AVG $170K
$90K
Visits
AVG 20
32

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