What is fractional ownership or shared cottage ownership?
It is carefree-shared ownership of a vacation cottage in a prime location on Lake of Bays, Muskoka.
At The Black Pebble you will own a ¼ or 1/12 share (Interval) of a beautifully appointed by design, 3 bedroom bungalow, Confederation Log cottage as well as an undivided share of the property. The share represents a certain number of weeks, usually a fraction of 50 weeks (will be closed 2 weeks annually for maintenance), therefore a 1/12 share provides 4 weeks of use, and a 1/4 share provides 12 weeks of use.
This innovative approach makes vacations more enjoyable and affordable with no worry of maintenance, bills or security. The cost of a share of a new fully furnished year-round residence is a fraction of the total value with all of the benefits. Ownership entitles you; the purchaser, to the full reward of ownership rights - owners can personally enjoy the unit, or can rent, sell or bequeath it.
What makes this location so special?
This ‘exclusive’ tall pine property, is designed to inspire and enhance your connection with nature and the authentic Muskoka experience. Southwest exposure offers breath taking sunsets. Only eight free standing cottages means a less populated beach and property. Being close to Huntsville and its arts, culture and entertainment, Algonquin Park is precious, and the many golf courses nearby makes this location a jewel. Not to mention being able to walk to local stores, and being part of the Dwight village atmosphere is wonderful.
What features will extend the enjoyment of the seasons?
The four season Muskoka Room has an indoor BBQ to enjoy your grilling experience even in the winter and in inclement weather. There is a fireplace outside on the main patio and a heated salt water pool in the upper level sheltered area to enjoy spring, summer and fall. The spa master bathroom features heated floor, steam shower and large soaker tub in which to relax after your hike or ski adventure.
Who owns the property?
You will be an owner of a debt-free, not-for-profit corporation. The Black Pebble Cottage Owners Association, and it's shareholders, will own the resort land, buildings, contents, watercrafts, docks and all the other amenities exclusive to the property.
How long will we own our cottage?
Forever, to be sold or left to your family or friends – whatever you choose.
Can I sell my share of my cottage?
Yes, each owner can re-sell one or more of the intervals that he/she owns. A quarter share however must be re-sold in its entirety.
How often can we use our cottage?
Each interval purchased allows each owner four / eight / twelve weeks of exclusive use of the cottage every year depending on your lifestyle. Initially you pick your specific cottage and the prime summer week(s) which remains yours each and every year. Your remaining weeks are divided among the fall, winter and spring seasons.
How are our remaining weeks of use chosen each year?
They are chosen based on your order of choice (reservation priority) which is deturmined at the time your purchase your Interval(s) and that priority rotates one place each year to provide each Owner with the greatest stability.
Can we loan our cottage to friends or family or rent our cottage?
Absolutely. If you are unable to use your cottage, you can let your family or friends enjoy it or rent it through our affiliated rental company at a good percent return.
Are there regulations concerning the number of people sleeping in my cottage?
Yes. Each cottage is limited to occupancy by no more then eight people.
How and when is housekeeping and maintenance done?
Check in Friday at 4:00 pm and Check out Friday at 11:00 am.
There is a five hour period each week between check-in and check-out time during which each cottage is completely cleaned, linens changed, inventory checked, etc, so that your cottage will be spotless when you arrive. Grounds maintenance is continually ongoing. Major work is accomplished twice a year when the entire resort property is closed for one week in the spring and one week in the fall.
Is owner storage available?
There is a storage locker for each owner in the lower level of each cottage.
Can I use my boat at my cottage?
Your property is on Lake of Bays which is one of the largest lakes in Muskoka. It is ideal for boating around the lake to other towns of Dorset or Baysville, for waterskiing or sailing or for boating over for a round of golf at Bigwin Island. It will have 4 deep water docking spots. Owners will also be able to enjoy the use of canoes, kayaks and paddleboats during their stay. The Oxtongue River is right around the corner for an excellent afternoon on quiet water or laze around the falls. For easy launching, a public boat launch is nearby on Dwight Bay.
Is there a beach?
Yes. There is a wonderful 330 ft. long and private sand beach on your property ideal for swimming and sunbathing, and shallow sand shore line ideal for families.
Are pets allowed?
No for health reasons, pets are not allowed, but they can be boarded at various kennels, doggie motels and kitty inns.
Is smoking allowed?
No. All cottages are designated as non-smoking. Smoking is not permitted inside at anytime.
Are there World-Wide Exchange Privileges?
Yes. You will become a member of RCI Worldwide Exchange. This allows you to exchange any of your weeks for others of your choice in any of the affiliated resorts, partners and services.
What are the Yearly Maintenance Fees?
The yearly maintenance fee includes all taxes, utilities, landscaping, cleaning and repairs, set by the Owners Association.
What deposits are required?
A $5,000.00 Reservation per each 1/12 interval is required to secure your cottage choice and summer week(s). Another $15,000 per each 1/12 interval will be required on signing documents, rest upon possession. Deposits equaling approx. 20% of the purchase price are required 'in trust' by the firm of Shibley Righton LLP in Toronto. www.shibleyrighton.com
