Fractional Ownership Cottages
Own a piece of Cottage Country for just $29,900
Cottages on Lake of Bays in Muskoka, Ontario, Canada
There was a time when an average person could afford a cottage on a lake a few hours drive from Toronto. Today, even a modest cottage can cost more than the average price of a house in the city. Our popular lakes are becoming dotted with mega-cottages and subdivision-like developments of villas and condos.
At Blue Water Acres we want to re-kindle the traditional cottage experience at a price the average person can afford. You’ll have ownership in a cozy cottage where family and friends can gather to play and relax. You can be on the lake away from the hectic pace of everyday life. You won’t be bothered if the kids run into the cottage from the beach with sand in their toes. You’ll be able to surround yourself with nature and peacefully read a book from your deck. You can get up and go boating, play tennis or a round of golf, drive to Algonquin Park, and enjoy many other traditional cottage experiences.
A smart way to own lakeside Property
Many people drive to their cottage just a few weeks per year and occasional weekends. It doesn’t make sense to spend hundreds of thousands of dollars to purchase a cottage and use it so few times. No matter how little you use it, you are still required to pay taxes, utilities, insurance and repair for the entire year.
Fractional ownership is a practical alternative. You buy a share in the property. Your purchase entitles you to 5 weeks of vacation in the cottage of your choice and use of the amenities located on the property. Intervals include a week each season of the year plus one floating week. You can purchase as many intervals as you like. An annual maintenance fee that is shared by all the owners covers the cost of taxes, utilities, maintenance, cleaning, upkeep and repair. You own your share as you do any other asset. You can keep it as long as you wish, sell it, or pass it on in your will to your heirs.
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Fractional Cottages
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Phase 1 is currently under construction and is almost sold out. Construction is scheduled for completion by April, 2008 and occupancy is available as early as May 2, 2008. Blue Water Acres is Ontario's fastest selling fractional cottage project and has sold more intervals in its first year than any other project ever built in Ontario. We invite you to explore our website to discover why. Better yet, come visit our model cottage. We do not engage in any form of high pressure sales tactics so your visit will be an enjoyable and informative experience.
Questions and Answers
Why would you be so much less expensive than other projects?
What other reasons should make me interested in this project?
Can I see a model of what the cottages will look like?
What's the difference between "Time Share" and "Fractional Ownership"?
How do I find out more about Blue Water Acres?
What happens with the rest of the resort?
How can we get more information?
How much will it cost?
Our prices will start about $29,900. Other fractional ownership projects start around $60,000 and go to $175,000 and even more.
If you were to pay for your full purchase, monthly maintenance fees would be about $140 per month. This pays for maintenance to your cottage, housekeeping services, maintenance to all common elements such as indoor pool, and other recreation facilities, taxes, utilities and so on.
Assuming a 30% downpayment, total montly costs including maintenance fees would be about $280 per month if the balance of purchase price is amortized over 20 years at 6 % interest.
You will be able exchange one or more of your weeks for a comparable resort around the world using an International Exchange Network to which Blue Water Acres would belong.
You can rent some of your weeks to other family members or friends making it possible to have your vacations at no cost at all to yourself. It will also be possible to place your weeks into a rental pool at the resort. You can sell your share, potentially at a profit, or give it away, or leave it to your heirs in your will.
Why would you be so much less expensive than other projects?
Much of our infrastructure already exists. We won't have to spend millions of dollars building the infrastructure. We already have an indoor pool complex, tennis courts, indoor facilities, and so on.
Our cottages are more modest in size than some other fractional ownership projects. Most cottages are built on the original foot print of existing rental cottages. They are completely torn down to their original foundation which are expanded to accommodate the larger cottages. Not withstanding our exceptional pricing, cottages are built with high quality materials designed for energy efficiency and durability. Interiors are professionally designed and all new furnishings are superior quality.
The lower price opens this fractional ownership option to more people which has significantly reduced costly marketing expenses.
All regulatory approvals are already in place. We didn't have to incur the expense of having to spend years trying to get approvals.
Most of these savings are passed on to you as a buyer, thereby creating a fantastic opportunity.
What other reasons should make me interested in this project?
Blue Water Acres is located in a very desirable area of Muskoka on Lake of Bays, near Huntsville and Algonquin Park.
The resort is located on a beautiful lakefront property. Cottages are well spaced from each other providing lots of privacy. Total property consists of about 20 hectares, with a nice mix of open space and natural forested areas. Most cottages have some view of the lake. The resort has a natural beach which is very safe for children.
New fractional ownership projects typically take years to complete. This means that purchasers often have to bear the inconvience of construction around them until the project is finally complete. The construction at Blue Water Acres will be much less intrusive and can be accomplished during the quieter seasons. During the busy periods guests wouldn't likely notice that anything different is going on.
When can I purchase a unit?
Anytime!. Occupancy can be available as early as May 2.
Can I see a model of what the cottages will loook like?
Yes, our model cottage is available daily for viewing.
What's the difference between "Time Share" and "Fractional Ownership"?
Time Share entitles you to "use" your unit. You typically, do not own part of the physical asset. In the case of Fractional Ownership, you actually own an asset. It can increase in value and you can sell it. It is an investment which you can enjoy while you own it.
How do I find out more about Blue Water Acres?
Browse our Blue Water Acres resort website. We hope you'll book a vacation or short getaway. You'll quickly discover why this may be such a great opportunity for you. If you are one of the many thousands of prior guests who have already experienced Blue Water Acres, you'll already have an excellent idea of what we can offer. To learn more about fractional ownership at Blue Water Acres please visit http://www.fractional-ownerships.ca
What happens with the rest of the resort?
The resort will continue to operate at it currently does. As one phase is sold out, additional phases will be added. Our repeat guests and the travelling public can continue to enjoy vacations and getaways at Blue Water Acres for the next three or four years. Once the project is complete, some owners may wish to rent some of their weeks making it possible for some prior guests to continue to vacation at Blue Water Acres.
How can we get more information?
Click on the "Request for Information" icon and give us your contact information. We'll send you more information as it becomes available. You can also find a lot of additional information on our Fractional Website.