Gurvinder Nokwal REALTOR®
For Sale Other 831 days on market

$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
Map

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

Room Level Dimensions
Living Room Main 19′ 3″ × 10′ 0″
Dining Room Main 11′ 0″ × 14′ 2″
Kitchen Main 8′ 8″ × 14′ 2″
Sunroom Main 13′ 9″ × 17′ 8″
Primary Bedroom Main 17′ 10″ × 11′ 0″
Bedroom Main 10′ 8″ × 11′ 0″
Bathroom Main 10′ 10″ × 10′ 10″
Bathroom Main 10′ 0″ × 12′ 8″

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

Minimum for this price: $2,125 (5%)

Amortization, years

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
Total, before legal fees
$8,713
Talk to me about financing

Estimates 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

1052 RAT BAY Road 118-3, Lake of Bays, ON P1H 2J6 Franklin, Lake of Bays, ON P1H 2J6
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$42,500 1052 RAT BAY Road 118-3, Lake of Bays, ON P1H 2J6
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