$35,000

For sale

#106-7 1052 RAT BAY Road, Lake of Bays (Franklin) - Single Family for Sale

#106-7 1052 RAT BAY Road, Lake of Bays (Franklin), Ontario, P1H2J6

2 beds2 baths4 parking950 ft²$427/mo condo feeListed 102 days ago

Overview

This 2-bedroom, 2-bathroom condo in Lake of Bays is for sale offering roughly 950 sq ft of space. Listed at $35,000, it is attractively priced about 30% below the $49,900 median asking price in Lake of Bays. It has been on the market 102 days, fresher than the Lake of Bays average of 206 days.

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Description

Blue Water Acres fractional ownership resort has almost 50 acres of Muskoka paradise and 300 feet (91.44 meters) of south-facing frontage on Lake of Bays. 106 Algonquin is a 2 bedroom cottage. This is NOT a timeshare but some might think it's similar. You would actually own a 1/10th share of the cottage that you buy. Ownership also includes a share in the entire complex. This gives you the right to use the cottage Interval that you buy for only five weeks per year: one core summer week plus 4 more floating weeks in the other seasons. 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 for 106 Algonquin cottage in 2026 is $5127 + HST. Core week 7 for this cottage starts on August 9, 2026 and the remaining weeks for 2026 start (or started) on February 8, May 17, October 4, and November 26/ 2026. There is a laundry in the Algonquin cottage. There is no HST on resales. All cottages are PET-FREE and Smoke-free. (id:66096)

Property Details

MLS®: X13607386
Property Type: Single Family
Zoning: Waterfront Resort Comm'l with exception
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 950 ft²
Storeys: 1
Style: Bungalow
Basement: None
Heating: Baseboard heaters, Propane
Cooling: Wall unit
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Condo Fee: $427/mo
Fee Includes

Rooms

Main level

Living room: 5.86 x 3.04 meters
Dining room: 3.35 x 4.31 meters
Kitchen: 2.64 x 4.31 meters
Sunroom: 4.19 x 5.38 meters
Primary Bedroom: 5.43 x 3.35 meters
Bedroom: 3.25 x 3.35 meters
Bathroom: 3.3 x 3.3 meters
Bathroom: 3.04 x 3.86 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Water Heater
Foundation: Block
Exterior: Wood

Services

Utilities: Wireless, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

102d

Lake of Bays (Franklin) listings, avg age

206d

Price / ft²

$37

List price

$35K

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 93.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Lake of Bays (Franklin) has been listed for 102 days, which is 104 days fresher than the city average of 206. Act while there is still low competition.

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Listed by Chestnut Park Real Estate · SUSAN BROWN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1H)

This home lists at $35,000, about 0.4× the local median household income of $82,000.

Carrying it typically needs a household income of about $6,837 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $82,000
Population: 18,099
Median age: 51.2
Owner / renter: 80% / 20%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P1H)

$35,000· $37/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $1,750

Min 5%50%

Mortgage payment$184/mo

↳ CMHC premium ($1,330 capitalized)

Est. property tax$0/mo

Condo fee$427/mo

Total monthly$612

Cash Needed to Close

Down payment (5%)$1,750

Land transfer tax$175

Est. closing costs$2,605

Total cash needed$4,530

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