1052 RAT BAY 132 ALGONQUIN FRACTIONAL COTTAGE WEEK 5 Road , Lake of Bays (Twp) , Ontario , P1H 2J6

Listing ID :40084041

$71,077.00

Presented By

DOUG HOGARTH

Salesperson

Direct: (705) 645-0931

Direct Fax:

Office: (705) 765-1200

Office Fax:

FOREST HILL REAL ESTATE INC., BROKERAGE, PORT SANDFIELD - M247

1324 PENINSULA ROAD , PORT SANDFIELD , P0B1J0

Office Website

1052 RAT BAY 132 ALGONQUIN FRACTIONAL COTTAGE WEEK 5 Road , Lake of Bays (Twp) , Ontario , P1H 2J6

Property Type
Single Family
Building Type
House
Storeys
1
Title
Timeshare/Fractional
Land Size
49.5 ac|25 - 50 acres
Parking Type
Visitor Parking
Year Built
NA

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 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 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 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 5. Check-in is on Fridays at 4 p.m. ANNUAL maintenance fee for Algonquin is $4,593 + HST. Core week 5 (presently rented out) starts July 23 in 2021 & remaining weeks in 2021 start on: June 4, October 22, and December 17. There is a laundry in the Algonquin cottage. Purchase price includes HST. All cottages are PET-FREE and Smoke-free. (id:45270)

Details

AccessType
Road access
Appliances
Microwave, Refrigerator, Stove, Range - Gas, Window Coverings
Features
Beach, Shared Driveway, Country residential, No Pet Home
Parking Type
Visitor Parking
Rental Equipment
NA
Structure
NA
Waterfront
Waterfront
WaterFrontName
Lake of Bays

Building

Bathrooms (Partial)
NA
Bathrooms (Total)
2
Bedrooms - Above Grade
2
Bedrooms - Below Grade
0
Exterior Finish
Wood
Fireplace Type
NA
Floor Space
938.3300
Flooring
NA
Foundation Type
NA
Heating Fuel
Electric
Heating Type
Baseboard heaters
Rental Equipment
NA
Style
Detached
Utility Sewer
NA
Water
Lake/River Water Intake

Land

Landscape Features
NA
LevelTypeDimensions
Main level4pc Bathroom5'11'' x 9'8''
Main level3pc Bathroom6'6'' x 6'10''
Main levelBedroom10'0'' x 10'2''
Main levelPrimary Bedroom11'0'' x 13'4''
Main levelSunroom10'10'' x 11'4''
Main levelKitchen10'7'' x 8'0''
Main levelDining room8'2'' x 11'0''
Main levelLiving room18'5'' x 13'8''

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