Indoor entryway, wood floors for 1052 Rat Bay Rd #118-3, Lake of Bays (Twp) Ontario P1H 2J6
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305 days on Market

1052 Rat Bay Rd #118-3, Lake of Bays (Twp), Ontario P1H 2J6

Detached
2
2
~921.72 sqft
$•••,•••
$42,500
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Detached
2
2
~921.72 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$46/sqft

Est. Mortgage$183/mo

Tax Amount (2024)-

Days On Market305 days


Description

Blue Water Acres fractional ownership resort has almost 50 acres of Muskoka paradise and 300 feet of south-facing frontage on Lake of Bays. This is not a time share although some think it is similar. You do actually own 1/10 of the cottage. 118 Algonquin Cottage is a 2 bedroom cottage, has a great view of the lake and is very private. Ownership 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 for a total of 5 weeks per year. Facilities include an indoor swimming pool, whirlpool, sauna, games room, fitness room, activity centre, 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. Check-in for 118 Algonquin Cottage is on Fridays at 4 p.m. ANNUAL maintenance fee PER OWNER in 2024 for 118 Algonquin cottage is $4939 + HST. Core (fixed) Week 3 for this cottage started on July 5, 2024 and weeks in 2024 started March 1 June 7, remaining weeks will be October 25 and December 20/2024 . Weeks for 2025 will start on March 7, June 13, July 4 (Core Week), October 31 and December 26. Note that this unit will have Christmas/2024 and March Break 2025 as two of their floating weeks. There is laundry in the Algonquin cottages. No HST on resales. All cottages are PET-FREE and Smoke-free. Ask for details about fractional ownerships and what the annual maintenance fee covers (it covers everything). You can deposit weeks you don't use in Interval International or rent them out to help cover the maintenance fees. Blue Water Acres will rent your weeks out for you and you keep 50% of the rental income or rent them out yourself and you keep 100% of the income.


Property Details

StyleBungalow
ViewBay, Beach, Lake, Panoramic, Trees/Woods
Age of property-
SqFt~921.72 SqFt
Lot Size-
Parking Spaces4
MLS ®Number40616868
Community NameLake of Bays
Data SourceITSO
Listing byChestnut Park Real Estate Ltd., Brokerage, Port Carling

Features

Heating: Baseboard, Electric, Fireplace-Propane
Cooling: Wall Unit(s)

Main Floor

Dining Room

11 x 10.5

Kitchen

8.08 x 10.5

Living Room

13.75 x 10

Bathroom

6.58 x 6.58

3-Piece


Features

Pool: Indoor
Septic Approved

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

Jul 9, 2024
ListedActive
$42,500
305 days on market
history photo preview14
Listing by itso®
Property listed by Chestnut Park Real Estate Ltd., Brokerage, Port Carling, Brokerage
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Market Data - Lake of Bays

Geo Zone Map ThumbnailLake of Bays

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

68 days

Compared to

2024

58 days

2023

13 days

2022

59 days

New Listings

Past 30 days

15 listings

Compared to

2024

33 listings

2023

23 listings

2022

24 listings

Units sold

Past 30 days

5 units

Compared to

2024

7 units

2023

6 units

2022

9 units

Median Sold Price

Past 30 days

$570,000

Compared to

2024

$1,061,520

2023

$852,450

2022

$1,288,000


Population and Demographics

Overview

Total population 3605
Average household income $127,665

Age (%)

65 and plus
34%
50 to 64
29%
35 to 49
12%
0 to 19
12%
20 to 34
12%

Household composition (%)

Single family
68%
Single person
30%
Multi person
2%
Multi family
0%

Mother tongue (%)

English
95%
Others
2%
German
1%
French
1%

House tenancy (%)

Owners
91%
Renters
9%

Schools and amenities

Estimated Budget