2 beds · 1 bath · 493 sqft
Blue Water Acres has almost 50 acres of Muskoka paradise and 300 feet of south-facing frontage on Lake of Bays. This is FRACTIONAL ownership. It is NOT a timeshare. You would actually own a 1/10th share of the cottage that you buy which includes a share in the entire complex. This gives you the right to use the cottage for five weeks per year: one core summer week, plus 4 more floating weeks in the other seasons. Some owners rent their weeks out to help cover maintenance costs. Rental rates for Deerview cottage range from $1,659/wk to $3,009/wk depending on the season. If it's rented through Blue Water Acres the revenue is split 50/50. If you rent it out yourself you get to keep 100% of the revenue. Facilities include an 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 102 Deerview, Week 1 . Check-in is on Fridays at 4 p.m. ANNUAL maintenance fee for Deerview in 2024 is $4,454 + HST. Core (fixed) week in 2024 starts on. Weeks for 2024 are: Feb 16/24, May 24, June 21 (core week), October 11, December 6/24. Maintenance fee is paid in the fall of each year for the following year but you only pay for the weeks that you have possession of the cottage. There is no HST on the purchase price. All cottages are PET-FREE and Smoke-free. (id:39198)
Building Type House, Detached
Year built
Square Footage 493 sqft
Stories
Bedrooms 2
Bathrooms 1
Parking 1
NeighbourhoodFranklin
Land size 49.5 ac|25 - 50 acres
Heating type Baseboard heaters
Basement type
Parking Type Visitor Parking
Time on REALTOR.ca92 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Brokerage Name: Chestnut Park Real Estate Ltd., Brokerage, Port Carling
Home price
$17,000
Start with 2% down and save toward 5% in 3 years*
* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.
-$13 / month
Rent $99
Savings -$112
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 5% in 3 years.
$136 / month
Rent $133
Savings $4
Initial deposit 5%
Savings target Fixed at 5%