401 days on market
$42,500
For Sale

1052 Rat Bay Rd, Unit #118-3

Franklin, Lake of Bays

2+null Bed|2 Bath|Yes|401 days on market

$42,500

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Home Details

Maintenance
$5026 / month
Total Parking Spots
4
Garage Spaces
NaN
Balcony
No
Furnished
No
Exposure
S
Move-in Date
Flexible
Building Age
16-30 Years
Locker
None
Hydro Included
Yes
Heat Included
Yes
Heating
Baseboard
Water Included
Yes
Basement
None
Fireplace
Y
Air Conditioning
Wall Unit
Central Vaccum
No
Exterior
Wood
Zoning
Waterfront Resort Comm'l with exception
Sewer
Unknown
Property Type
Other
Style
Bungalow
Status
New
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Listing 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 2025 for 118 Algonquin cottage is $5026 + HST. Core (fixed) Week 3 for this cottage starts on July 4, 2025. 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 March Break 2025 as one 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.
Carbon Monoxide Detector, Furniture, Gas Oven Range, Microwave, Refrigerator, Smoke Detector, Stove, Hot Water Tank Owned, Window Coverings

Property History

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Rooms

Room dimensions for 1052 Rat Bay Rd, Unit #118-3, Lake of Bays
Bathroom
11 x 11121 sqft
Bathroom
10 x 13130 sqft

Building Amenities

Games Room
Gym
Party/Meeting Room
Tennis Court
Visitor Parking

Market Trends and Insights

Mortgage Calculator

Your estimated monthly payment for 1052 Rat Bay Rd118-3 is 5267

Price

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Ammortization

Down Payment

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Total Mortgage


Purchase Price$48900
Down Payment$9780
Mortgage Insurance$0
Total Mortgage$39120

Monthly Payment


Mortgage Payment$241
Property Taxes$0
Maintenance Fees$5026
Monthly Payment$5267
$5267
monthly

About 1052 Rat Bay Rd, Unit #118-3, Lake of Bays

Located at 1052 Rat Bay Rd Unit #118-3, this Lake of Bays condo is available for sale. This property was listed for $42,500 on Tue Mar 11 2025. This condo's size is 900-999 Sqft. It has 2 bedrooms and 2 bathrooms. Monthly maintenance is $5,026 per month . Views are to the South from this property. Step outside onto the open balcony. The property's amenities include Games Room, Gym, Party/Meeting Room, Tennis Court, Visitor Parking. The property includes the following rooms: Bathroom, Bathroom. This property comes with 4 parking spots. This property also comes with a locker. Heat, Hydro, Water are included with this property. 1052 Rat Bay Rd, Lake of Bays is situated in the Franklin neighbourhood.


MLS#: X10897914 · $42,500 · 2 bedroom condo in Franklin, Lake of Bays