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Cusheon Lake Strata
Unit Buyers Information
Cusheon Lake Resort is made up of 16 individually owned 1 and 2 bedroom
recreational cabins arranged around the lakeshore of Cusheon Lake. Each cabin
is a strata unit of the Cusheon Lake Strata Corporation, with the 4-acre
resort property held in common by the unit owners.
The resort has been in year round operation since 1981 and is a popular and
respected destination on Salt Spring Island. The Resort is managed by Cusheon
Lake Management Co. and contracted resident managers.
Cabin owners are required to enter into a rental pool agreement with the
Management Co. as a condition of purchase to ensure the continuing operation
of the resort. The rental pool agreement describes owner's privileges and
responsibilities. The individual owners pay strata fees and property taxes.
Rental Pool Agreement Summary
The rental pool agreement provides for the following benefits: Professional
on-site management for owners, Reliable income stream for owners (CAN$7,000 to
CAN$11,000 per annum, approximate).
Personal use privileges of cabins and facilities at discount rates. Current
Zoning Bylaw No. 123 allows for "occupancy or use by any individual that does
not exceed 45 days in any calendar year, more than 30 which may not be
consecutive".
A copy of the Rental Pool Agreement, Strata Bylaws and recent financial
statements are available, in confidence, from the listing agent.
Information subject to change without notice.
Contact Li Read at RE/MAX Salt Spring, 131 Lower Ganges
Road, Salt Spring Island, BC, V8K 2T2, Toll-Free 1-800-731-7131