If owning a cottage in Muskoka has always seemed out of reach, there’s still time to make your cottage ownership dreams come true this summer.
The last round of online bidding for cottages at Touchstone On Lake Muskoka began on July 5th and will continue until July 22nd.
This is the third and final round of online bidding for the luxury cottages at the resort.
Included in this round is the Grand Muskokan BeachSide cottages’ three and four bedroom suites with one-eighth minimum reserve bids starting from $22,500.
Also available are a limited number of luxury four bedroom Treetop Villa cottages in round three (four fractions), with minimum bids of $62,500.
Touchstone’s first two auction rounds were a hit and sold out, as residences are priced from as low as 15 per cent of the developer’s sales price!
Fractional ownership is different than other forms of part-time vacation home ownership as it provides a fully-deeded real estate holding to a specific unit registered in the buyer’s name.
Each property is divided into one-eighth, six- or seven-week fractions, with buyers allowed to purchase up to seven-eighths of a property’s fractions. The fractions offer a combination of prime summer time and four season resort living plus additional weeks throughout the year.
Opportunities to own luxury cottages for affordable prices don’t come around very often, so now should be the time to purchase!
BuzzBuzzHome chatted with Manson Silk a broker at Gordon’s Real Estate Services a little while back about the auctions, check out the interview here.
For more information on the auction visit gordonsestateservices.com.