1052 Rat Bay Road Unit# 106-7 Lake Of Bays (Twp), Ontario P1H 2J6

$76,500

Blue Water Acres cottage resort has almost 50 acres of Muskoka paradise and 300 feet of south-facing frontage on Lake of Bays. 106 Algonquin Cottage has a propane fireplace and laundry facilities and is close to the pool area and games room. FRACTIONAL ownership entitles you to own a 1/10th 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 your core summer week plus 4 more floating weeks each year in the other seasons. Some owners rent some of their weeks out to help cover maintenance costs (which include property taxes, cleaning, insurance, utilities, repairs etc...) Rental rates for Algonquin cottage range from $1,859/wk to $3,169/wk depending on the season. If you use the Blue Water Acres rental program to rent it out, 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 106 Algonquin, Week 7. Check-in is on Sundays at 4 p.m. ANNUAL maintenance fee for 106 Algonquin is $4,565 + HST. Core week starts on August 7th, in 2022. Remaining weeks are Jan 9, April 17, Sept 4 and Mar 20, 2022. See suplemental material for weeks in upcoming years. There is no HST on the purchase price. All cottages are PET-FREE and Smoke-free. (id:41575)

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https://www.realtor.ca/real-estate/23311542/1052-rat-bay-road-unit-106-7-lake-of-bays-twp