Cottage Cost Comparison

Consider a cottage cost comparison with a shared ownership program. Our program of co-ownership offers you true benefits of real property ownership.

Charleston Lake Cottage

Isn't getting away to the lake supposed to be a vacation? How many times per year do you think you may run up to the cottage for the weekend and work?

As an added benefit you never worry about painting or cutting the grass, it is all taken care of.

Would you like to have ten weeks per year of pure relaxation and enjoyment?

Our co-ownership program provides you and the other co-owners with the opportunity to purchase a better and more elaborate property, leveraging and saving your hard earned capital.

The baby boomers know the benefits of property ownership (unlike the stock market these days) and are actively looking for their piece of paradise.

Keep up to date with our properties go to the Information Form!

Ownership Type	1/10^th Share	1/5^th Share	100% Owned
Potential Annual Usage	35 Days	70 Days	365 Days
Typical usage*	11 Days	22 Days	28 Days
Potential Rental Income	Possibly	Possibly	Yes
Potential Appreciation	Yes	Yes	Yes

Ownership	1/10^th Share	1/5^th Share	100% Owned
Purchase Price	$ 60,000**	$ 110,000**	$ 112,500
Annual Mortgage***	0	0	$ 26,100
Annual Expenses****	$ 2,000- $ 2,200	$ 4,000- $ 4,400	$ 13,000
Annual Costs	$ 2,000- $2,200	$ 4,000- $ 4,400	$ 41,100
Cost per Day of Usage	$ 181	$ 181	$ 1,470

Double Usage of whole Ownership to 56 Days- Cost $ 735 per day

*Assumed two weeks holidays in summer, and two day weekend use from May long weekend until labour day (1/5^th share had one week holiday in summer)

** New furnishings included

***Mortgage of $337,500, 25% down payment, 25 Yr. Amortization @ 6%

****Annual Expenses- Taxes $ 3,500, Insurance $2,000, Heat/Hydro $ 2,500, Maintenance $3,000, Other $ 2,000

Co-ownerships include maid, lawn and snow removal.

There are many ways to consider the benifits and costs of cottage ownership. The above is provided only as an example to give you an idea of annual costs.

Are considering buying and renting to help with the expenses?
You may find you would use your property more through our program!

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