Lake of Bays - Franklin
Lake of Bays - Franklin
Sold For$50,000
Listed For $76,500
Sold Apr 2022
Blue Water Acres cottage resort has almost 50 acres of Muskoka paradise and 300 feet of south-facing frontage on Lake of Bays. 106 Algonquin Cottage has a propane fireplace and laundry facilities and is close to the pool area and games room. FRACTIONAL ownership entitles you to 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 Interval that you buy for your core summer week plus 4 more floating weeks each year in the other seasons. Some owners rent some of their weeks out to help cover maintenance costs (which include property taxes, cleaning, insurance, utilities, repairs etc...) Rental rates for Algonquin cottage range from $1,859/wk to $3,169/wk depending on the season. If you use the Blue Water Acr
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