$39,900
Est. payment $177/moCalculate yours
1052 Rat Bay Road 111-8, Lake of Bays, ON P0A 1H0
Franklin, Lake of Bays, ON P0A 1H0
- 2 Beds
- 2 Baths
- 900 Sq Ft
Listing courtesy of Chestnut Park Real Estate MLS® X12061479
About this home
MOTIVATED SELLER try your offer! Blue Water Acres FRACTIONAL ownership means that you share the cottage with 9 other owners but you will own yourself a 1/10th share of the cottage (your “Interval” week) and a smaller share in the entire resort. This cottage is known as 111 Algonquin. It’s a favourite at Blue Water Acres with 2 spacious bedrooms and 2 bathrooms. The core summer week in 2026 will start on August 16/26. The cottage has a cozy propane fireplace and a screened-in Muskoka Room. You will have exclusive use of the cottage for 5 weeks of the year. The check-in day for Week 8 is Sunday. Weeks in 2026 start on Feb 15, May 24, August 16 (core/fixed week), October 11, and December 6. 2026. The 4 floating weeks rotate each year so it’s fair to all the owners. There are many amenities at Blue Water Acres: hot tub/sauna, linens and towels supplied, kayaks, paddle boats, a beautiful sand beach, 300 ft of waterfront on Lake of Bays, indoor swimming pool, owners’ gathering room with grand piano and large TV screen , games room with pool tables, ping pong table, shuffle board & foosball, fitness room, tennis/pickleball court, basketball courts, large children’s playground & equipment. You can moor your own boat during your own boating season weeks. Winter tube slide, skating rink & fire pit. There is so much to do here! All cottages are pet-free and smoke-free. This is an affordable way to enjoy cottage life without the cost or hassles of full cottage ownership. Maintenance fees include everything and are paid in the fall for the following year. The ANNUAL fee for EACH of the owners in 111 Algonquin cottage for 2026 is $5,127 + HST. This fee can be paid in two installments, November and March. There is NO HST on the purchase price of the cottage. It’s a unique way to own a part of Muskoka. Your weeks can be traded for weeks at other luxury resorts around the world. Some photos & floor plan shown are for a similar cottage but may not be identical to the subject cottage.
Property details
Overview
- Property Type
- Other
- Style
- Bungalow
- For
- For Sale
- Status
- Extension
- Approximate Age
- 16-30
- Size
- 900 sqft
Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 1
- Basement
- None
Building & Systems
- Heating
- Baseboard (Electric)
- Exterior
- Wood
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
Lot & Parking
- Parking
- None garage · 2 total
Financial
- Condo Fee
- $427/mo
- Fee Includes
- Heat Included, Hydro Included, Water Included, Common Elements Included, Building Insurance Included, Condo Taxes Included
- Pets
- No
Location
- Neighbourhood
- Franklin
- Cross Street
- Hwy 60 and South Portage Rd
Listing
- MLS® Number
- X12061479
- Days on Market
- 562
- Listed On
- 2025-04-04
- Possession
- Flexible
- Listed By
- Chestnut Park Real Estate
Rooms
Features
Interior
- Water Heater Owned
Property
- Beach
- Lake/Pond
- Waterfront
Amenities
- Indoor Pool
- Party Room/Meeting Room
- Visitor Parking
- Recreation Room
- Tennis Court
- Sauna
- Included
- All fixtures, furnishings, appliances as part of the fractional unit
- Excluded
- None
- Rental items
- None
Mortgage calculator
Estimated mortgage payment
$177 per month
- Principal and interest
- $177
- Property tax
- $0
- Condo fees
- $427
- Estimated monthly cost
- $604
Your mortgage
- Mortgage amount
- $31,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $21,081
Cash to close
- Down payment
- $7,980
- Land transfer tax
- $200
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $8,180
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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