Rosseau, Ontario (MMD Newswire) August 27, 2009 -- A new Fractional Ownership plan for a private upscale Muskoka lakefront property is being implemented, whereby purchasers will share the use of the residence and be actual property owners.
In a Fractional Ownership plan each purchaser is alloted a large segment of time for use of the property. These segments include prime summer weeks with subsequent weeks spread out throughout the seasons. In this case, the purchasers of the Fractional Ownership plan will also have ownership of the real estate itself with the intent of enjoying equity growth. There are two plans currently being offered: a 5-weeks plan at $99,900 and a 10-week plan at $199,000. In addition to this one-time fee, there is a weekly maintenance fee to cover taxes and upkeep.
"This Fractional Ownership plan should be of interest to individuals who would like to own a luxury Muskoka cottage, but would like to pay for only the time they use it," said Roman Bodnarchuk, CEO of N5R.com, and the individual who is implementing the plan. "Now a person can own a piece of Muskoka real estate without the million-dollar price tag," Bodnarchuk explains.
The property being offered in this Fraction Ownership plan is a seven bedroom, four bathroom, 5000 square foot, lakefront residence about 5 minutes from the village of Rosseau. There are multiple decks all facing the water, a cinema room with a 10-ft. screen and high-tech surround sound, and vaulted ceilings on the main level. The residence comes fully furnished, and a boat on Lake Rosseau is available for use by the owners - an ideal option for those who want to cruise the big three lakes.
Mr. Bodnarchuk believes that many cottage lovers would prefer to avoid high purchase prices and maintenance responsibilities and simply enjoy a share of a turn-key Muskoka lakefront residence. He will be conducting sales from his office in the village of Rosseau.
CONTACT:
Roman Bodnarchuk 647-403-1832
roman@n5r.com muskokamansion.com
###