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$49,900
Available - For Sale
Listing ID: X10898413
Blue Water Acres FRACTIONAL ownership means that you share the cottage with 9 other owners you will own a 1/10th share of the cottage (your "Interval" week) and a smaller share in the entire resort. It's NOT A TIMESHARE. This cottage is known as 108 Algonquin and it's one of three cottages OFFERING THE BEST BEACH/LAKE VIEW at Blue Water Acres; it has private and guest parking, hi-speed internet, good cell service, 2 spacious bedrooms, 2 bathrooms, washer & dryer, cozy propane fireplace in living area, large dining area with full equipped kitchen and large screened in Muskoka Room. You will have exclusive use of your cottage for 5 weeks of the year. Check-in day for 108 Algonquin is Saturday and the Core Week (Week 8) in 2025 starts on August 9. The four other floating weeks rotate each year so it's fair to all the owners. Remaining weeks for 2025: February 1, May 10, September 27, November 22/2025 . Included for your enjoyment; beach chairs, kayaks, paddle boats, a 300' sand beach, tennis and badminton courts, playground, indoor swimming pool with change room & sauna, gathering room with grand piano, games room with pool tables, fitness room, tubing hill, skating, walking & snowshoe trails and more. You can even moor your own boat at Blue Water Acres for your weeks during boating season. All the cottages are pet-free & smoke-free. This is an affordable way to enjoy cottage life without the cost or work of full cottage ownership. Annual Maintenance fees INCLUDE EVERYTHING and are paid November for the following year. The ANNUAL maintenance fee for each owner in 108 Algonquin cottage in 2025 is $5,026+HST. There is NO HST on the purchase price. It's a unique way to own a share of Muskoka on Muskokas second largest lake. Your weeks can also be traded for weeks at other luxury resorts around the world through Interval International. Or you can rent your weeks out either through Blue Water Acres or on your own.
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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 $2,495 $4,990 $7,485 $9,980
First Mortgage $47,405 $44,910 $42,415 $39,920
CMHC/GE $1,303.64 $898.2 $742.26 $0
Total Financing $48,708.64 $45,808.2 $43,157.26 $39,920
Monthly P&I $208.62 $196.19 $184.84 $170.97
Expenses $0 $0 $0 $0
Total Payment $208.62 $196.19 $184.84 $170.97
Income Required $7,823.07 $7,357.24 $6,931.47 $6,411.53

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Chestnut Park Real Estate Ltd., Brokerage, Port Carling

1052 RAT BAY Rd , Unit 108-8, Lake of Bays, P1H 2J6, Ontario

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MD Ashraful Bari
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647.406.6653
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905.201.9977
Fax:
905.201.9229

 
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Type: Condo - Other
Area: Muskoka
Municipality: Lake of Bays
Neighbourhood: Franklin
Style: Bungalow
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Approximate Age: 16-30
Tax: $0
Maintenance Fee: $0
Beds: 2
Baths: 1
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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
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

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

 

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