$42,500 FOR SALE

Bungalow

Bedrooms: 2Bathrooms: 2
Maintenance Fees: $5,026

1052 Rat Bay Road #118-3
Lake Of Bays (Franklin), ON P1H 2J6

Blue Water Acres fractional ownership resort has almost 50 acres of Muskoka paradise and 300 feet of south-facing frontage on Lake of Bays. This is not a time share although some think it is similar. You do actually own 1/10 of the cottage. 118 Algonquin Cottage is a 2 bedroom cottage, has a great view of the lake and is very private. Ownership 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 for a total of 5 weeks per year. Facilities include an indoor swimming pool, whirlpool, sauna, games room, fitness room, activity centre, 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. Check-in for 118 Algonquin Cottage is on Fridays at 4 p.m. ANNUAL maintenance fee PER OWNER in 2025 for 118 Algonquin cottage is $5026 + HST. Core (fixed) Week 3 for this cottage starts on July 4, 2025. Weeks for 2025 will start on March 7, June 13, July 4 (Core Week), October 31 and December 26. Note that this unit will have March Break 2025 as one of their floating weeks. There is laundry in the Algonquin cottages. No HST on resales. All cottages are PET-FREE and Smoke-free. Ask for details about fractional ownerships and what the annual maintenance fee covers (it covers everything). You can deposit weeks you don't use in Interval International or rent them out to help cover the maintenance fees. Blue Water Acres will rent your weeks out for you and you keep 50% of the rental income or rent them out yourself and you keep 100% of the income. (id:47423)

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Listed By Chestnut Park Real Estate
Data Provided By OnePoint Association of REALTORS®
MLS® Listing Number X10897914
Last Updated Dec 19, 2024
Property Summary
Property Type Other

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Maintenance Fees $5,026
Community Franklin
Price History
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Detailed Information
Bedrooms 2
Bathrooms 2
Community Features Pets not Allowed
Listing Contract Date 2024-07-09
Location Description From Huntsville east on Hwy 60 to South Portage Rd, to Rat Bay Road to Blue Water Acres
Maintenance Fee Payment Frequency Monthly
Maintenance Fee Type Heat, Electricity, Water, Common Area Maintenance, Parking
Management Company Blue Water Acres
Ownership Type Condominium/Strata
# of Parking Spaces 4
Pool Indoor pool
Property Type Single Family
Structures Tennis Court, Dock
Transaction Type For sale
Views Lake view
Waterfront Type Waterfront
Waterfront Name Lake Of Bays
Zoning Description Waterfront Resort Comm'l with exception
Building
Amenities Recreation Centre, Exercise Centre, Party Room, Visitor Parking, Fireplace(s)
Appliances Water Heater, Furniture, Microwave, Oven, Range, Refrigerator, Stove, Window Coverings
Architectural Style Bungalow
Cooling Type Wall unit
Exterior Finish Wood
Fireplace Present Yes
# of Fireplaces 1
Foundation Type Block
Heating Fuel Propane
Heating Type Baseboard heaters
Stories Total 1
Type Other
Rooms
Room Level Dimensions Notes
Living roomMain level5.86 m x 3.04 m
Dining roomMain level3.35 m x 4.31 m
KitchenMain level2.64 m x 4.31 m
SunroomMain level4.19 m x 5.38 m
Primary BedroomMain level5.43 m x 3.35 m
BedroomMain level3.25 m x 3.35 m
BathroomMain level3.3 m x 3.3 m
BathroomMain level3.04 m x 3.86 m
Land
Total Size 25 - 50 acres
Access Type Year-round access
Acreage Yes

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