$84,900

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#126-5 1052 Rat Bay Road South, Lake of Bays (Franklin) - Single Family for Sale

#126-5 1052 Rat Bay Road South, Lake of Bays (Franklin), Ontario, P0A1H0

3 beds3 baths4 parking1,500 ft²$5,450/mo condo feeListed 246 days ago

Overview

This 3-bedroom, 3-bathroom condo in Lake of Bays is for sale offering roughly 1,500 sq ft of space.

Condos for Sale in Lake of Bays →All real estate in Lake of Bays →

Description

Exceptional and affordable family vacation gateway. Enjoy 5 weeks of fractional ownership including one prime fixed week every July and 4 floating weeks throughout the year. This spacious 3- bedroom, 2 bath, fully winterized cottage offers post card-perfect lake views, as being a "first row cottage" there are no other cottages blocking the view. Also offers a large lakeside deck, a bright Muskoka room and a cozy stone fireplace. This cottage comes fully furnished and equipped for comfort and convenience. Blue Water Acres features outstanding amenities such as an indoor heated swimming pool, hot tub, exercise room, games room, owners lounge, several outdoor tennis/ pickleball courts, playground and a superb sand beach with docking facilities. Canoes, kayaks are available for use at the beach. This resort community also offers winter ice skating, snow tubing/ sledding and endless walking trails in the woods. With all these outstanding year round facilities it is guaranteed , no one in the family ever will be bored spending time here. Also close by you can enjoy downhill skiing, golfing, snowmobiling, fine dining. The town of Huntsville is within 15 minutes drive for convenience. Resort fees include all utilities, maintenance, internet, TV. All you need to do is to show up and enjoy. (id:66096)

Property Details

MLS®: X12850002
Property Type: Single Family
Zoning: Waterfront ResortComm'l withexeption
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Parking: 4
Interior Size: 1,500 ft²
Basement: None
Heating: Forced air, Propane
Cooling: Wall unit
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Condo Fee: $5,450/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Freehold

Rooms

Ground level

Living room: 5.8 x 4.89 meters
Kitchen: 5.8 x 3.36 meters
Primary Bedroom: 3.82 x 3.82 meters
Bedroom 2: 3.66 x 3.6 meters
Bedroom 3: 3.66 x 3.66 meters
Sunroom: 3.66 x 3.66 meters

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

Features

Foundation: Concrete
Exterior: Wood
Lot Features: Level lot, Level, Carpet Free

Services

Utilities: Wireless, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

246d

Lake of Bays (Franklin) listings, avg age

206d

Price / ft²

$57

List price

$85K

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 3-bed single family in Lake of Bays (Franklin) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by RE/MAX Professionals North · TOM HARSANYI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0A)

This home lists at $84,900, about 1.2× the local median household income of $68,000.

Carrying it typically needs a household income of about $16,584 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $68,000
Population: 17,822
Median age: 56.8
Owner / renter: 87% / 13%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P0A)

$84,900· $57/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $4,245

Min 5%50%

Mortgage payment$447/mo

↳ CMHC premium ($3,226 capitalized)

Est. property tax$0/mo

Condo fee$5,450/mo

Total monthly$5,897

Cash Needed to Close

Down payment (5%)$4,245

Land transfer tax$574

Est. closing costs$2,755

Total cash needed$7,574

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#126-5 1052 Rat Bay Road South, Lake of Bays (Franklin) - Single Family for Sale

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (P0A)

Book a showing

Full Cost Breakdown