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$51,000
Available - For Sale
Listing ID: X10898321
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. 116 Algonquin Cottage is a 2 bedroom cottage and is located next to a beautiful woodlot on the west side with lots of privacy. There are no cottages in front of 116 Algonquin which means it has a lovely view and provides easy access to the beach and lake. The Muskoka Room in 116 Algonquin is fully insulated for year round comfort. 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 is on Sundays at 4 p.m. ANNUAL maintenance fee PER OWNER in 2025 for 116 Algonquin cottage is $5026 + HST. Core week 2 for this cottage starts on Sunday June 29, 2025 and the other weeks in 2025 start on March 2, June 8, October 26 and December 21/25 . There is laundry in the Algonquin cottage. 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. Deposit weeks you don't use in Interval International or rent them out to help cover the maintenance fees.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $32,000 $64,000 $96,000 $128,000
First Mortgage $608,000 $576,000 $544,000 $512,000
CMHC/GE $16,720 $11,520 $9,520 $0
Total Financing $624,720 $587,520 $553,520 $512,000
Monthly P&I $2,675.63 $2,516.3 $2,370.68 $2,192.86
Expenses $0 $0 $0 $0
Total Payment $2,675.63 $2,516.3 $2,370.68 $2,192.86
Income Required $100,336.02 $94,361.35 $88,900.62 $82,232.11

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Chestnut Park Real Estate Ltd., Brokerage, Port Carling

1052 RAT BAY Rd , Unit 116-2, Lake of Bays, P1H 2J6, Ontario

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MD Ashraful Bari
Broker
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647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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Type: Condo - Other
Area: Muskoka
Municipality: Lake of Bays
Neighbourhood: Franklin
Style: Bungalow
Lot Size: x (Acres)
Approximate Age: 6-15
Tax: $0
Maintenance Fee: $0
Beds: 2
Baths: 2
Garage: 0
Fireplace: Y
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Pool: Indoor
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
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Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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