Single Family House For Sale

1052 RAT BAY 103 DEERVIEW FRACTIONAL COTTAGE WEEK

Lake of Bays (Twp), Ontario

CHESTNUT PARK REAL ESTATE LIMITED - BROKERAGE, HUN

$48,477

2 Beds
1 Baths
561 Sqft
Basic Details
Status: Active
Property Type: Single family
Listing Type: For Sale
Residential Type: House
MLS® #: 40080256
Price: $48,477
Beds: 2
Baths: 1
Sq Ft: 561 Sqft
Lot Area: 49.50 Acre
Property Description

Blue Water Acres has almost 50 acres of Muskoka paradise and 300 feet of south facing frontage on Lake of Bays and is offering NEW fractional ownership of one of many different Interval weeks in three different styles of detached four-season cottages. This is NOT a time share, you would actually own a share of the cottage that you buy which includes a share in the entire complex. This gives you the right to use the cottage Inteval that you buy for one core summer week plus 4 more floating weeks each year in the other seasons. Some owners rent their weeks out to help cover maintenance costs. There is a high demand for rentals this year and all of the new units are rented for the summer week this year. If you buy a unit now and want to use it for your core summer week this year there is a possibility that the renters would be willing to switch to another time or another cottage. Or you could collect the rental income yourself for the summer week. Rental rates for Deerview cottage range from $1579/wk to $2859/wk depending on the season. If your unit is in the rental program with Blue Water Acres the revenue is split 50/50. If you rent it yourself you keep 100% of the revenue. Facilities include indoor swimming pool, whirlpool, sauna, games room, fitness room, activity center, 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. This 2 bedroom cottage is called 103 Deerview, Week 5 and check-in is on Fridays at 4 p.m. ANNUAL maintenance fee for Deerview is $4,194 + HST. Core week (presently rented out) starts July 23 in 2021 & remaining weeks in 2021 start on: June 4, October 22, December 17. Owners of Deerview are given tokens and laundry detergent to use in the common area building. Purchase price includes HST. All cottages are PET-FREE and Smoke-free. (id:15472)

Additional Information
1052 RAT BAY 103 DEERVIEW FRACTIONAL COTTAGE WEEK
1052
RAT BAY 103 DEERVIEW FRACTIONAL COTTAGE WEEK 5
Road
Canada, Ontario, Lake of Bays (Twp), P1H2J6
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Beach
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Exercise Centre, Party Room
Lake/River Water Intake
Timeshare/Fractional
Waterfront Resort Commercial with an exception
Beach, Shared Driveway, Country residential, No Pe
Lake of Bays
Road access
49.5 ac|25 - 50 acres
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1
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Wall unit
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None
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Electric
Bungalow
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Microwave, Refrigerator, Stove, Range - Gas, Windo
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Neighbourhood Information
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"NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assume no responsibility for its accuracy."