Address
1052 RAT BAY 106 ALGONQUIN FRACTIONAL COTTAGE WEEK 4 Road Lake of Bays, ON
Price
$ 88,027
Property Attributes
  • ID#40118225
  • TypeSingle Family
  • CityLake of Bays
  • Postal CodeP1H 2J6
  • StyleDetached
  • Price$ 88,027
  • Bedrooms2
  • Bathrooms2
  • Half Bathrooms0
  • Sqr Footage921
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 fractional ownership resort 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/fraction 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. You do NOT own the entire cottage. Some owners rent out their weeks to help cover maintenance costs. There is high demand for rentals this year and all the new Interval (fractional) units are rented for their 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 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. This 2 bedroom cottage is 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 18 in 2021 & remaining weeks in 2021 start on: May 30, October 17, and December 12. There is a laundry in the Algonquin cottage. 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 2

Exterior Features

Jumpid 15125396
Mls 40118225

Room Details

Room Dimensions Level Flooring Details
Bathroom 5'11'' x 10'0'' Main Level
Bathroom 6'7'' x 6'7'' Main Level
Bedroom 11'0'' x 10'1'' Main Level
Dining 10'6'' x 11'0'' Main Level
Kitchen 10'6'' x 8'1'' Main Level
Living 10'0'' x 13'9'' Main Level
Master Bedroom 11'0'' x 13'7'' Main Level
Sun Room 10'11'' x 11'4'' 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
$90K
Visits
AVG 166
18