$18,000
$22,900
21.4%For more information regarding the value of a property, please contact us for a free consultation.
1052 Rat Bay Road #102-8 Lake Of Bays (twp), ON P1H 2J6
2 Beds
1 Bath
493 SqFt
Key Details
Sold Price $18,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 493 sqft
Price per Sqft $36
MLS Listing ID 40486849
Sold Date 04/19/24
Style Cottage
Bedrooms 2
Full Baths 1
HOA Y/N Yes
Abv Grd Liv Area 493
Originating Board The Lakelands
Lot Size 49.500 Acres
Acres 49.5
Property Description
Blue Water Acres has almost 50 acres of Muskoka paradise and 300 feet of south-facing frontage on Lake of Bays. This is FRACTIONAL ownership. It is NOT a timeshare. You would actually 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 for five weeks per year: one fixed/core summer week, plus 4 more floating weeks in the other seasons. Some owners rent their weeks out to help cover maintenance costs. Rental rates in 2024 for Deerview cottage range from $1,889/wk + HST to $3,419/wk + HST 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 102 Deerview, Week 8 . Check-in is on Fridays at 4 p.m. ANNUAL maintenance fee PER OWNER for Deerview in 2024 is $4,454 + HST. Weeks for 2024 are: January 26, May 3, August 9 (fixed/core week 8) September 20, November 15/2024. Maintenance fee is paid in the fall of each year for the following year but you only pay for the weeks that you have possession of the cottage. There is no HST on the purchase price. All cottages are PET-FREE and Smoke-free.
Location
Province ON
County Muskoka
Area Lake Of Bays
Zoning Waterfront Resort Commercial with an exception
Direction From Huntsville, east on Hwy 60 to South Portage Rd, to Rat Bay Road to Blue Water Acres.
Rooms
Basement None
Kitchen 1
Interior
Interior Features High Speed Internet
Heating Baseboard, Electric, Fireplace-Propane
Cooling Wall Unit(s)
Fireplaces Number 1
Fireplace Yes
Window Features Window Coverings
Appliance Water Heater, Dishwasher, Hot Water Tank Owned, Microwave, Refrigerator, Stove
Laundry Common Area, Shared
Exterior
Exterior Feature Recreational Area, Tennis Court(s), Year Round Living
Garage Exclusive
Pool Indoor
Utilities Available Cell Service, Electricity Connected
Waterfront Yes
Waterfront Description Lake,Waterfront Community,South,Beach Front,Lake/Pond
View Y/N true
View Bay, Beach, Lake, Panoramic, Pool, Trees/Woods
Roof Type Shingle
Lot Frontage 300.0
Garage No
Building
Lot Description Rural, Beach, Trails
Faces From Huntsville, east on Hwy 60 to South Portage Rd, to Rat Bay Road to Blue Water Acres.
Foundation Block
Sewer Septic Tank
Water Lake/River
Architectural Style Cottage
Structure Type Wood Siding
New Construction No
Others
Senior Community false
Ownership Fractional
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