Address
1052 RAT BAY Road Unit# 102-7 Lake of Bays, ON
Price
$ 29,000
Property Attributes
  • ID#40143400
  • TypeSingle Family
  • CityLake of Bays
  • Postal CodeP1H 2J6
  • StyleDetached
  • Price$ 29,000
  • Bedrooms2
  • Bathrooms1
  • Half Bathrooms0
  • Sqr Footage565
Listing Provided Courtesy Of:
Tam Evans with Chestnut Park Real Estate Limited, Brokerage, Huntsville - M423
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 FRACTIONAL ownership in a variety of detached four-season cottages. This is NOT a time share. You would actually own a 1/10th share of the cottage that you buy which includes a share in the entire complex giving you the right to use the cottage for one core summer week plus 4 more floating weeks each year in the other seasons. This 2-bedroom cottage is called 102 Deerview, Week 7, and check-in is on Fridays at 4 p.m. There is one remaining week in 2021 which begins on Dec 31st!! The core week, Week 7, will start on Aug 5 in 2022 and the remaining weeks of 2022 start on Jan 7, April 15, Sept 2 and Mar 18, 2022. (see supplemental documents for upcoming weeks in 2023 and 2024). ANNUAL maintenance fee for the Deerview in 2022 is $4,161 + HST. 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, paddle boats, skating rink, tennis court, playground and walking trails. You can moor your boat for your weeks during boating season. Owners of Deerview are given tokens and laundry detergent to use in the common area building. Owners also have the option to participate in the Interval International Association (see supplements) and exchange their week at BWA for a week elsewhere in the world. There is no HST on the purchase price. All cottages are PET-FREE and Smoke-free. Some owners rent their weeks out to help cover maintenance costs. Weekly Rental income for the Deerview ranges from $1579/wk to $2859/wk depending on the season. If you choose to use the Blue Water Acres rental program, the revenue is split 50/50. If you rent it yourself, you keep 100% of the revenue. This is a great investment on a beautiful part of Lake of Bays which you can enjoy for five weeks per year! (id:27)

General Features

Beds 2

Interior Features

Bedrooms 2
Bedrooms Above 2
Total Baths 1

Exterior Features

Jumpid 16452400
Mls 40143400

Room Details

Room Dimensions Level Flooring Details
Bathroom 6'10'' x 5'11'' Main Level
Bedroom 9'3'' x 7'10'' Main Level
Kitchen 7'3'' x 7'0'' Main Level
Living 11'10'' x 10'0'' Main Level
Master Bedroom 9'5'' x 11'5'' Main Level
Sun Room 19'0'' x 7'5'' 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 $490K
$30K
Visits
AVG 64
95