$42,500
↓ $6,400 from $48,900
Est. payment $188/moCalculate yours
1052 RAT BAY Road 118-3, Lake of Bays, ON P1H 2J6
Franklin, Lake of Bays, ON P1H 2J6
- 2 Beds
- 2 Baths
- 922 Sq Ft
Listing courtesy of Chestnut Park Real Estate MLS® X10897914
About this home
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 2026 for 118 Algonquin cottage is $5127 + HST. Core (fixed) Week 3 for this cottage starts on July 10, 2026. Weeks for 2026 will start on January 9, March 20, April 17, July 10 (core week), and September 4. 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
Overview
- Property Type
- Other
- Style
- Bungalow
- For
- For Sale
- Status
- Extension
- Approximate Age
- 16-30
- Size
- 922 sqft
Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 1
- Total Rooms
- 8
- Basement
- None
Building & Systems
- Heating
- Baseboard (Propane)
- Cooling
- Wall Unit(s)
- Exterior
- Wood
- Foundation
- Block
- Roof
- Shingles
- Water
- Other
- Sewer
- Unknown
Lot & Parking
- Lot Size
- 25-49.99 acres
- Parking
- None garage · 4 total
- Zoning
- Waterfront Resort Comm'l with exception
Financial
- Condo Fee
- $427/mo
- Fee Includes
- Heat Included, Hydro Included, Water Included, Common Elements Included, Parking Included, Condo Taxes Included
- Pets
- No
Location
- Neighbourhood
- Franklin
- Cross Street
- From Huntsville east on Hwy 60 to South Portage Rd, to Rat Bay Road to Blue Water Acres
- Direction Faces
- South
Listing
- MLS® Number
- X10897914
- Days on Market
- 831
- Listed On
- 2024-07-09
- Possession
- Flexible
- Listed By
- Chestnut Park Real Estate
Rooms
Features
Interior
- Water Heater
Amenities
- Game Room
- Gym
- Party Room/Meeting Room
- Tennis Court
- Visitor Parking
Pool
- Indoor
- Included
- Carbon Monoxide Detector, Furniture, Gas Oven Range, Microwave, Refrigerator, Smoke Detector, Stove, Hot Water Tank Owned, Window Coverings
Mortgage calculator
Estimated mortgage payment
$188 per month
- Principal and interest
- $188
- Property tax
- $0
- Condo fees
- $427
- Estimated monthly cost
- $615
Your mortgage
- Mortgage amount
- $34,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $22,454
Cash to close
- Down payment
- $8,500
- Land transfer tax
- $213
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $8,713
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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