Address
1052 RAT BAY 132 ALGONQUIN COTTAGE WEEK 8 Road Lake of Bays, ON
Price
$ 68,817
Property Attributes
  • ID#40084018
  • TypeSingle Family
  • CityLake of Bays
  • Postal CodeP1H 2J6
  • StyleDetached
  • Price$ 68,817
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage938
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. 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 132 Algonquin Week 8. Check-in is on Fridays at 4 p.m. ANNUAL maintenance fee for Algonquin is $4,593 + HST. Core week 8 (presently rented out) starts August 13th in 2021 & the remaining weeks in 2021 start on: April 16, September 3 & March 19. There is a laundry in the Algonquin cottage. The purchase price includes HST. All cottages are PET-FREE and Smoke-free. (id:27)

General Features

Amenities Exercise Centre, Party Room
Appliances Microwave, Refrigerator, Stove, Range - Gas, Window Coverings
Architectural Style Bungalow
Beds 2
Building Type House
Construction Material Wood frame
Construction Style Detached
Features Beach, Shared Driveway, Country residential, No Pet Home
Garage no
Listing Type House
Location Description From Huntsville east on Hwy 60 to South Portage Rd, to Rat Bay Road to Blue Water Acres
More Information Link https://www.realtor.ca/real-estate/22977016/1052-rat-bay-132-algonquin-cottage-week-8-road-lake-of-bays-twp
Parking no
Property Type Single Family
Terms SALE
Water Body Name Lake of Bays
Wheel Chair Access no
Zoning Waterfront Resort Commercial with an exception

Interior Features

Basement Type None
Bedrooms 2
Bedrooms Above 2
Cooling Type Central air conditioning
Fireplace no
Heating Fuel Electric
Heating Type Baseboard heaters
Total Baths 2

Exterior Features

Exterior Finish Wood
Parking Type Visitor parking
Pool Y/N no
Surface Water Lake
Waterfront Type Waterfront

Room Details

Room Dimensions Level Flooring Details
Bathroom 6'83'' x 6'50'' Main Level
Bathroom 9'67'' x 5'92'' Main Level
Bedroom 10'17'' x 11'0'' Main Level
Dining 11'0'' x 8'17'' Main Level
Kitchen 8'0'' x 10'58'' Main Level
Living 13'67'' x 18'42'' Main Level
Master Bedroom 13'33'' x 11'0'' Main Level
Sun Room 11'33'' x 10'83'' Main Level

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 $350K
$70K
Visits
AVG 6
13

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