Featured Listing

#13-171 Natalie Lane
$239,000

 

 

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Mix Pleasure with Business
Mix Pleasure with Business In a two bedroom lakefront cottage at Cusheon Lake Resort, a well-maintained strata titled resort on a peninsula on Cusheon Lake. This cottage is a pleasurable, sound investment with excellent management. Enjoy lakeside fun, plus a good return.

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ADDRESS: #13-171 Natalie Lane
LEGAL: Plan VIS 2688, Lot 5, Sec 86, Portion South Salt Spring Island
PRICE: $239,000
FLOOR SPACE: 785 sq ft
BEDROOMS: 2
BATHROOMS: 1
 
HEATING: Baseboard
HOT WATER: Electric
TAXES 2005: $1163
ZONING: CA3
CUSHEON LAKE RESORT UNIT BUYERS INFORMATION

Cusheon Lake Resort is made up of 16 individually owned 1 and 2 bedroom recreational cabins arranged around the lakeshore of Cusheon Lake. Each cabin is a strata unit of the Cusheon Lake Strata Corporation, with the 4 acre resort property held in common by the unit owners. The resort has been in year round operation since 1981 and is a popular and respected destination on Saltspring Island. The resort is managed by Cusheon Lake Management Co. and contracted resident managers. Cabin owners are required to enter into a rental pool agreement (RPA) with Management Co. as a condition of purchase to ensure the continuing operation of the resort.. The RPA describes owner’s privileges and responsibilities. The individual owners pay strata fees and property taxes. RPA SUMMARY: The RPA provides for the following benefits: • Professional on-site management for owners • Reliable income stream for owners ($12,000 per annum, approximate) • Personal use privileges of cabins and facilities at discount rates. Current zoning Bylaw No.123 allows for “occupancy or use by any individual that does not exceed 45 days in any calendar year, more than 30 days which may not be consecutive”. A copy of the Rental Pool Agreement, Strata Bylaws and recent financial statements are available, in confidence, from the listing agent. Resort Plan Cottage Plan

 

For more details, please contact Henri Procter at

 
 

 henri  PROCTER
     Award Winning Realtor  ~
 
Diamond Award 2006      

Royal LePage Salt Spring Realty
 1101-115 Fulford Ganges Road
 Salt Spring Island, BC


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