1052 Rat Bay Rd 102-2
Lake of Bays, P1H 2J6
FOR SALE
$25,000
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BEDROOMS1
BATHROOMS1
KITCHENS7
ROOMSX9039007
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Property Description
Blue Water Acres has almost 50 acres of Muskoka paradise and 30 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 2 . Check-in is on Fridays at 4 p.m. ANNUAL maintenance fee for Deerview is $4,161 + HST2022There is no HST on the purchase price. All cottages are PET-FREE and Smoke-free. It's a unique way to own a share of Muskoka. Your weeks can also be traded for weeks at other luxury resorts around the world.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-08-22 | 2024-05-30 | 282 | $32,900 | - | Expired |
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Property Details
Street
City
Property Type
Cottage, Bungalow
Lot Size
300' x 150'
Acreage
25-49.99
Fronting
South
Taxes
$175 (2023)
Basement
None
Exterior
Wood
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Wall Unit
Water
Municipal
Pool
Indoor
Parking Spaces
2
Driveway
Front Yard
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 9.94' x 11.65' | |
| Bathroom | Main | 5.84' x 6.73' | 3 Pc Bath |
| Br | Main | 7.71' x 8.86' | |
| 2nd Br | Main | 7.71' x 8.86' | |
| Sunroom | Main | 7.28' x 18.70' | |
| Kitchen | Main | 9.91' x 7.94' | |
| Dining | Main | 6.96' x 11.58' |
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Lake of Bays Market Statistics
Lake of Bays Price Trend
1052 Rat Bay Rd 102-2 is a 2-bedroom 1-bathroom home listed for sale at $25,000, which is $602,000 (96.0%) lower than the average sold price of $627,000 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom home in Lake of Bays declined by $88,000 (12.3%) compared to the previous 30 day period (September 21 - October 20) and down $3,473,000 (84.7%) from the same time one year ago.Inventory Change
There were 1 2-bedroom homes listed in Lake of Bays over the last 30 days (October 21 - November 19), which is up ∞ compared with the previous 30 day period (September 21 - October 20) and up ∞ compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Lake of Bays typically sold ($22,000) (3.5%) below asking price over the last 30 days (October 21 - November 19), which represents a $2,000 increase compared to the previous 30 day period (September 21 - October 20) and ($400,000) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Lake of Bays over the last 30 days (October 21 - November 19) stood at 100.0%, down from ∞ over the previous 30 days (September 21 - October 20) and down from ∞ one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Lake of Bays stood at 77 days when successfully sold over the last 30 days (October 21 - November 19), compared to 48 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realtron Realty Inc.
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