Benefits of Fractional Ownership

Compare to 100% Ownership of a Cottage Owning a cottage outright on Lake of Bays is expensive. The average price is more than $750,000. A decent cottage will cost more than a million dollars. Then there are your annual costs. Taxes on a million dollar cottage are about $10,000 per year. Add your insurance, hydro, other utilities, maintenance, repair and interest if you have a mortgage, and you can see why cottage ownership is out of reach for so many people. There is also the work, lots of it. Many people spend a great deal of their vacation time performing work around the cottage.

If you are like most cottage owners you'll only use your cottage several weeks per summer, 3 to 5 weekends, and take a vacation abroad every few years. That's a lot of cost for your cottage for so little use. There is a better way!

Fractional ownership is built on the concept that you purchase a fraction of an asset based on the amount of time you plan to actually use it. You also only pay for a percentage of taxes, utilities, insurance and maintenance. Assume you buy a 5 week interval for $34,900. Your annual maintenance fees will be between $4166-$4972 per year depending on cottage style. Everything is paid for including all maintenance work and cottage cleaning. In addition, you also have the use of many recreational amenities that don't come with outright cottage ownership. It's a practical, totally carefree alternative. You can even exchange one or more weeks for a resort abroad, saving even more money. You can buy more than one interval giving you more weeks in the summer and additional weeks other times of the year. Even if you use most your time on weekends only, you'll still be financially way ahead.

Compare to Paying for Vacations

Interval International

Your cost for 5 weeks vacation will be about $4166-$4972 per year for maintenance fees depending on cottage size. Your purchase includes a three year Club Interval Gold membership in Interval International, allowing you to exchange one or more of your weeks at more than 1500 destinations around the word. Even if you take one week per year and go away 5 weekends you'll still save money, plus your asset can appreciate in value. It's yours forever until you sell it or pass it on to your heirs.

Exchange Privileges

Ownership entitles you to participate in the Exchange Program. exchange any of your resort weeks for a different destination or another time of year, and exchange your interval with one in over 100 countries!

See the world! Travel to Any of these Areas on an Exchange

  • Asia
  • Australia & New Zealand
  • Canada - Eastern
  • Canada - Western
  • Caribbean & Atlantic Islands
  • Central America
  • Europe - Central & The Low Countries
  • Europe - East Mediterranean & Adriatic
  • Europe - France, Italy & Malta
  • Europe - Portugal, Spain & Andorra
  • Europe - UK & Ireland
  • Europe-Canary Islands
  • Europe-Scandinavia
  • Mexico
  • Middle East
  • Northern Africa
  • South America
  • South Pacific Islands
  • Southern Africa
  • USA - California
  • USA - Central South
  • USA - Florida
  • USA - Hawaii
  • USA - Lake Tahoe & Las Vegas
  • USA - Lake Tahoe & Las Vegas
  • USA - Middle Atlantic
  • USA - Midwest
  • USA - New England
  • USA - Northwest & Alaska
  • USA - Rocky Mountains
  • USA - Southeast
  • USA - Southwest

Frequently Asked Questions

Click on question for answer or scroll down the page


Is there a Beach? [TOP]

There is a wonderful safe, sandy beach at the resort. Water is very shallow at the shoreline and slopes gradually making it safe for children. By the end of June the water temperatures is typically between 20 and 25 degrees C. (70 to 80 degrees F.). It is usually warmest during July and August. There are umbrellas, Muskoka chairs and chaise lounges on the beach. There is a swimming raft, a waterslide and volleyball net in the water.

Can I keep my boat at Blue Water Acres? [TOP]

Yes.  You can keep your boat moored at resort docks during your weeks of occupancy. Docking space is on a first come basis. There is lots of docking available, but a spot cannot be guaranteed. A public launch is located very close by.  Owner privileges will also include the use of the canoes, kayaks, and paddleboats at no extra cost.  Trailers can be parked in the parking lot.

Can we have exchange privileges with other resorts around the world? [TOP]

Yes, your purchase will include an initial membership in a world wide Exchange Company that gives you access to a network making it possible to exchange any of your weeks for others of your choice in more than 1500 affiliated resorts in nearly 75 countries. Membership can be renewed annually for a nominal fee.

Can I have Guests? [TOP]

Of course you can.  This, after all is your vacation and we hope your family and friends will gather here with you.  You may have friends or family visit when you are not there.  This is entirely your choice but Management must be advised if the owner of the interval will not be occupying the cottage.

Are Pets Allowed? [TOP]

To ensure that all owners can feel comfortable and to minimize the risk of disturbances, pets will not be permitted. There are excellent kennels nearby.

Is Smoking Allowed Indoors? [TOP]

No smoking is allowed in cottages or common indoor facilities at any time.

Are there regulations concerning the number of people sleeping in your Residence? [TOP]

Yes. No more than eight individuals may stay in a three-bedroom cottage or six individuals in a two-bedroom cottage. Larger two bedroom cottages may sleep up to seven individuals. Number of individuals includes adults and children regardless of age.

What will I own? [TOP]

You will be one of up to 440 owners who, together, own the entire resort through a debt free not-for-profit corporation called the Blue Water Acres Cottage Owners Association. At Blue Water Acres there will be up to 44 cottages with up to 10 individuals or parties owning each cottage. For each five-week interval purchased, the purchaser will receive one membership in the Blue Water Acres Cottage Owners Association.  

How are my five weeks of Use chosen each year? [TOP]

Ownership of a five-week Interval allows use of the summer week you reserve at the time of purchase (and never changes) and one week in each of the fall, winter and spring seasons, plus one “additional” week. All of your weeks will be in the particular cottage you selected when you purchased your interval. The order of choice for the non-summer weeks is determined at the time of the purchase of your interval and rotates one place each year to provide each owner seasonal variety. You confirm these reservations each September for the following year.  Each season including the “additional week” is ten weeks in length. A calendar is provided at the time of purchase which explains the weeks available to you on an annual basis so you can plan your holidays or exchange programs well in advance.

Can I purchase more than one interval? [TOP]

Yes, you can purchase as many five-week intervals as you like up to a maximum of nine five-week intervals in any one cottage. For every interval purchased the purchaser will receive one of the total of up to 440 shares that make up the project.

Who owns the actual property? [TOP]

The Land and Buildings are owned by the Blue Water Acres Cottage Owners Association, the registered owner of the property.

Can I Sell my Share? [TOP]

Shares may be held for generations in perpetuity, or may be sold, transferred or willed at the wish of the shareholder.

Can I rent my interval? [TOP]

Yes. You can rent one or more of your weeks. A rental program has been set up by Management to help you rent the weeks you don't wish to use.

Can my share(s) increase in value? [TOP]

Yes, there is a reasonable expectation that the value of your interval may increase in value. This has certainly been the experience in Ontario since 1998 when the concept was first introduced in the province. However, as with any investment, there are no guarantees and we are not representing that to you.

Will my shareholding ever be diluted? [TOP]

No.  A maximum of 440 shares will be issued and changes cannot be made except by a 95% vote of the Shareholders.

When and how is Housekeeping and Maintenance done? [TOP]

Every week, each cottage is completely cleaned, linens changed, inventory checked, etc so that your cottage will be spotless and ready for you when you arrive.

What are the Maintenance Fees? [TOP]

Annual maintenance fees cover the costs for cleaning, grounds maintenance, repairs, property taxes, insurance, and utilities for all units and common elements. All interval owners share these costs. It is estimated that annual maintenance fees will be in the range of $4166 to $4972 per five-week interval depending on size of the cottage in which you own an interval. Maintenance fees include a contribution to a Reserve Fund.

Is there an elected Board of Directors? [TOP]

Yes. During the development phase the developer elects the board. Once control is turned over to the Association the members will elect the board.

Who is the Developer? [TOP]

51% control of the development company is held by Blue Water Acres Investments Inc. and the remaining 49% is owned and operated by the owners and founders of Blue Water Acres. They have more than 25 years involvement in the development and operations of the resort. All of the investors who own shares in Blue Water Investments Inc. are also Interval Owners who originally purchased earlier in the project.

Who appoints the Management Company? [TOP]

The Association Board of Directors chooses a management company once the project has been completed. In the interim, the Blue Water Acres Ltd. provides this function.

Where is Blue Water Acres? [TOP]

Blue Water Acres is very conveniently located between Huntsville and Algonquin Park only 3 kilometres off Hwy 60.


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Muskoka Fractional
On Lake Of Bays
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