The Benefits of Owning at The Cottages on Osoyoos Lake
ONE THE COST OF THE LAND
The Cottages at Osoyoos Lake make practical sense specifically because the land is leased. The prepaid 99-year lease from the Federal Government of Canada yields savings, both in terms of price and taxes. As a matter of fact, waterfront freehold land like this is unprecedented in the Okanagan, and is usually priced so high a development like this is unaffordable. In terms of taxes, this property is exempt from HST and the property transfer tax, which will result in savings to you in the range of $40,000-$90,000.
TWO A SIMPLE DESIGN
The Cottages are designed to be cost effective. The focus here is on simplicity, getting back to basics, and valuing time spent with friends and family. Considerable thought has been given to those aspects that enrich the cottage experience, and none of the extravagant elements that only increase prices. These homes are built with classic style and high-quality, durable finishes, but not with the level of luxury that quite frankly would feel out of place in this natural and pristine environment.
THREE GOOD TIMING
Due to the slowdown in the real estate and construction markets, subcontractors and suppliers are pricing projects at levels not seen in years. From a cost perspective, this is a fantastic time to build these cottages, and the construction savings are reflected in The Cottage prices.