Address
1052 RAT BAY 103 DEERVIEW FRACTIONAL COTTAGE WEEK 6 Road Lake of Bays, ON
Price
$ 48,477
Property Attributes
  • ID#40081998
  • TypeSingle Family
  • CityLake of Bays
  • Postal CodeP1H 2J6
  • StyleDetached
  • Price$ 48,477
  • Bedrooms2
  • Bathrooms1
  • Half Bathrooms0
  • Sqr Footage561
Listing Provided Courtesy Of:
Susan Brown with Chestnut Park Real Estate Limited - Brokerage, Huntsville - M208
Data Source:
RLP - CREA EN
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. 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. 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 Deerview cottage range from $1579/wk to $2859/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 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 103 Deerview, Week 6. Check-in is on Fridays at 4 p.m. ANNUAL maintenance fee for Deerview is $4,194 + HST. Core week 6 (presently rented out) starts July 29 in 2021 & remaining weeks in 2021 start on: June 17, November 4 & December 30. Owners of Deerview are given tokens and laundry detergent to use in the common area building. Purchase price includes HST. All cottages are PET-FREE and Smoke-free. (id:27)

General Features

Beds 2

Interior Features

Bedrooms 2
Bedrooms Above 2
Total Baths 1

Exterior Features

Jumpid 14601404
Mls 40081998

Room Details

Room Dimensions Level Flooring Details
Bathroom 6'10'' x 5'8'' Main Level
Bedroom 9'2'' x 7'11'' Main Level
Dining 8'0'' x 7'0'' Main Level
Kitchen 7'3'' x 7'0'' Main Level
Living 11'11'' x 9'10'' Main Level
Master Bedroom 9'5'' x 11'8'' Main Level
Sun Room 19'2'' x 7'6'' Main Level

Amenities

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

Property vs Single Family Average in P1H 2J6

Price
AVG $310K
$50K
Visits
AVG 166
227