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FAQ's on Touchstone Resort New Full Title Units

IS THIS FRACTIONAL OR WHOLE OWNERSHIP?

This New Phase of Development is whole ownership on a rental program.

ARE THE CONDOMINIUMS FURNISHED?

Yes-fully furnished. All of the suites are luxuriously appointed with fully equipped kitchens, Muskoka stone fireplaces, quiet whisper engineered hardwood floors, LCD TVs, wireless Internet, spacious spa-like bathrooms and high 9-foot ceilings in great rooms, all with waterfront decks.

DO I HAVE TO PUT MY CONDO IN THE RENTAL PROGRAM?

Yes. The zoning of the property is Tourist Commercial and requires a rental program component. 8 weeks is the minimum but of course you may put it in more often if you wish. 2 of those 8 weeks must be in “prime season” (May to October). The other 6 weeks can be any time of the year. Further details will be available in the Condo Documentation and are subject to municipal approvals.

DO I HAVE TO PAY HST ON THE PURCHASE PRICE?

Individual purchasers of resort units will be required to self-assess for the HST due on the purchase price (including the furniture package) but will be able to claim an off-setting Input Tax Credit provided the purchaser is registered for HST purposes and plans to leave their suite substantially in the rental program. We recommend you seek advice from your personal financial advisor.

WHAT TAXES DO I HAVE TO PAY?

As the owner you pay your own property taxes to the Township of Muskoka Lakes.

WHAT ARE THE CONDO FEES?

The Condo fees are competitive to other Muskoka Condominium projects and full details will be provided with your Condominium Documents. Condo fees will be in the range of .87cents/sqft per month.

WHAT DO COMMON ELEMENTS COVER FOR MY RESORT CONDO?

The common element fees include; insurance, water, cable, Internet, reserve fund contributions, shared costs of snow removal/ landscaping and all exterior maintenance of your unit and common areas.

WHAT UTILITIES ARE OWNERS RESPONSIBLE FOR?

Propane and Hydro are on separate meters and are the responsibility of the individual owner.

HOW DOES THE RENTAL PROGRAM WORK?

The rental program is fully managed by a professional resort management company, Percel Inc. and is based on a 50/50 split with the Resort Operator and the Owner. Resort occupancy and room rates will change according to demand. Details of the plan will be included in your condominium documents. 91 cents/sqft per month. We reserve the right to make changes or modifications to any of these statements.

DO I GET A PARKING SPACE WITH MY UNIT?

Yes one parking spot comes with your condominium. Overflow parking will be available on property free of charge.

CAN I RE-SELL MY SUITE?

Absolutely. Once the deed and title for your condominium suite has been registered in your name, you can sell your unit either privately or through a licensed real estate agent.

PET POLICY?

Yes we have a Pet Policy and pets will be permitted.

IS SMOKING ALLOWED?

Smoking is not permitted in the Touchstone residences or interior amenity spaces at any time. There are designated smoking areas on the property.

DO I GET DISCOUNTS ON LIFESTYLE AMENITIES AT TOUCHSTONE?

Yes, purchasers will receive special amenity and resort discounts.

ARE THERE BOAT SLIPS AVAILABLE?

Yes there are deep-water boat slips available for rent by the day/week or season. These can be booked in advance or upon arrival. The rates are adjusted on a yearly basis to be competitive with other marinas operating on Lake Muskoka. There is a public boat launch just minutes from the property off of Hwy 118.

REALTOR's & Staff

Oliver Reprich REALTOR and broker of record for Bracebridge Realty brokerage in the heart of Muskoka

Oliver Reprich

broker of record
705-641-9524
Oliver@BracebridgeRealty.ca
Marion Wentzel-Reprich REALTOR with Bracebridge Realty in Muskoka

Marion Wentzel-Reprich

Broker
705-641-8227
Marion@BracebridgeRealty.ca

Bracebridge Realty

Oliver Reprich is the broker of record of Bracebridge Realty brokerage, based in Bracebridge which is the Heart of Muskoka.

Our area of expertise are waterfront properties and cottages in Muskoka, Parry Sound and Haliburton

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