Luxury Cottage Co-ownership
Luxury Cottage Co-Ownership of High End
Cottages up to $650,000
The Cottage Club Cottage Co-Ownership System is designed to make cottage ownership affordable, practical and convenient.
An affordable and unique real estate program designed to create multiple family holiday opportunities
while offering true cottage ownership.This is family cottage ownership of select existing, waterfront properties in multiple and select vacation areas in Ontario.
We are creating three mortgaged co-owned properties this year. At this time we are operating in the 613 area code covering the majority of Eastern Ontario.
The area for the first three properties is the Lake District triangle between Brockville, Kingston and Sharbot Lake.
Pricing Example-NOTE: Numbers are for a BASIC Explanation and Will be Revised Depending on The Property.
| Quarter Share Cottage Purchase | |||
| Down Payment for Purchase | $82,203 | ||
| Includes Downpayment, New Furnishings, Improvements and | |||
| Fees for the Property Progam | |||
| Plus: Reserve Fund | 15% | $24,375 | |
| Owners Insurance Fund | |||
| Total Required Down Payment and Costs | $106,578 | ||
| Monthly Fees and Expenses | |||
| Monthly Fraction Mortgage Payment | $1,023 | ||
| Two Year Mortgage, 1/4 of the Mortgage Costs | |||
| Monthly Fraction Property Expenses | $695 | ||
| The Total Cost of Heat, Hydro and The Care of the Property | |||
| Total Monthly Expenses Per Quarter Ownership | $1,718 | ||