Skip to content

Posts tagged ‘vacation’

Wild Coast Cottages Port Renfrew, West of Sooke

Wild Coast Cottages, Port Renfrew

Today, instead of our usual Sooke REALTOR® tour where we go around to the new listings in Sooke, we had a bus take us out to Port Renfrew for a tour of Three Point Properties‘ new Wild Coast Cottages development. The roughly one hour drive along Highway 14 is entirely different when you’re not driving – lots more time to look around at the absolutely stunning scenery around you: creeks, waterfalls, tall trees, and the Strait of Juan de Fuca and Olympic Mountains in the background. We even saw three black bears along the roadside.

Arriving on site we found a hub of activity – excavators, builders, trucks, and other workers getting the site ready. Title registration for the first purchasers should be coming in the middle of August. There are already two cottages at the site, one of each floor plan that they’re offering at the moment.

Wild Coast Cottages is more that your average cottage country development. With the usually high cost of recreational property, Three Point is trying to do something different – to keep these architecturally designed west-coast style cottages within reach of the average buyer. To do this has taken innovation for sure. Port Renfrew is pretty remote, and only has a population of about 200 residents. There are no hardware stores, building supply outfits, or large construction companies. So, instead of building the cottages on site, they are framed, built and completely finished, right down to the designer paint colours, 70 kilometres away in Sooke, and trucked up to Renfrew on a flatbed. This enables the builder to save on travel costs, and allows some economies of scale to be realized by “mass-producing” these cottages all in one place.

A breezeway connects the bedroom (pictured) with the living space

The current phase has 24 lots out of the 40 planned, and Three Point has more property in the area that they plan to develop similarly. The property is waterfront, and the cottage owners will have access to a boardwalk and a marina.

The cottages are small – around 400 sq ft, one bedroom and one bathroom. Furnished properly, they will easily sleep a family or group of 4. The two designs they had on site were lovely. One features a breezeway type covered deck joining the living space and the sleeping space and bathroom, and the other was a more traditional layout with everything together and a large deck out front. Finishing is impressive with natural-stained cedar, hardi-board type siding, pitched 50-year metal roofs, and high-end long-lasting composite decking material. These solid units are built to last, and built to withstand the bumpy ride from Sooke to Port Renfrew! The builder boasted that not even a crack in the finished drywall was evident after the transport of the finished cottage to the site.

Small, but ample living spaces define the Wild Coast Cottages

Pull out couch, full kitchen and living/dining space

Wild Coast Cottages sits on gorgeous high-bank waterfront

Overall, I was impressed. I was curious about this project since I first heard about it. Starting at $130,000 and ranging to $160,000 I think the price point is right on. There’s no way you could have a cottage built on a lot for that price, and certainly not a fully serviced (underground wiring, city water, common sewage disposal) lot on a waterfront development.

I won’t be surprised when Three Point sells this phase out.

Tim Ayres – Sooke Real Estate Professional

Your comments are welcomed and encouraged!
Just use the form or link below this post.

You can bookmark this post using the button below,
or subscribe to this blog for free updates using the big buttons on the sidebar!

Strata Mondays #7 – Fractional Ownership vs Timeshare

In my continuing series about strata property, Strata Mondays, I answer a different question about condos, townhouses and other strata property in Victoria, Sooke, and British Columbia. Make sure you subscribe via RSS or E-mail to get each new post.

Sooke Harbour Resort and Marina - Fractional Ownership Available

Sooke Harbour Resort and Marina - Fractional Ownership Available

Q. What’s the difference between fractional ownership and timeshare?

A. When most people think of timeshares, they immediately conjure up images of being hauled into a room full of other unsuspecting tourists for a 90-minute hard-sell presentation in exchange for a free dinner or some other activity. Timeshares are popular in many resort destinations around the world, giving people an option to stay in a resort property for several days out of the year. With timeshare, you don’t actually own anything other than a right to occupy the property. Selling a timeshare can be difficult, and prices may not be related to the general market price of similar properties. Rules for selling timeshares are different than that of selling real estate, so engaging a real estate agent to market the timeshare may be impossible.

Fractional ownership is just that. You own a fraction of the property, independent of and along with other owners. Unlike timeshare, your name is registered on title, and you can freely sell your property just like any other piece of real estate in British Columbia. For recreational property, this makes great sense, since you’ll likely only use the property a few weeks out of the year. Why pay the big price and then have it sit empty the rest of the year?

Use of the property is governed by an  agreement between the owners which specifies which owners will have use of the property for which weeks of the year. Often, there is a rotation system in place, which ensures that no single owner will have exclusive rights to the peak season weeks. There is typically a management company and staff on site to handle the upkeep and maintenance of the property on behalf of the owners. In many cases, you can rent out your property if you won’t use all of the weeks of your share.

As with any real estate purchase, it would be well worth your while to engage an experienced REALTOR® to guide you through the process, as well as having a qualified real estate lawyer go over the legal details of the fractional ownership arrangement.

I currently hold the listing for a full ownership unit at Sooke Harbour Resort and Marina – and can also arrange quarter and eighth shares, too.

If you have any questions about strata property that you’d like me to answer, call me at 250-885-0512, send me an email at tim@timayres.ca or fill in my contact form. I’d be happy to help!

Tim Ayres – Sooke Real Estate Professional

Your comments are welcomed and encouraged!
Just use the form or link below this post.

You can bookmark this post using the button below,
or subscribe to this blog for free updates using the big buttons on the sidebar!

Sooke Harbour Resort and Marina – Recreational Ownership Opportunities

Sooke Harbour Resort and Marina

Sooke Harbour Resort and Marina - photo by Jason van der Valk

Sooke Harbour Resort and Marina is a beautiful oceanside resort development located in the heart of Sooke, British Columbia. Sooke is a small seaside community on the southwest tip of Vancouver Island, about a 45-minute drive away from Victoria.

The development was completed in 2006, and since then, 70% of the project has been sold. The developers recently engaged the team at Royal LePage Coast Capital Realty in Sooke to market the remaining units. They felt that our local representation and the strength of the MLS® would be the key to getting the rest of the project sold.

IMG_7524

The Resort is unique in Sooke in that you can own a whole unit, or choose a fractional ownership option of one quarter or one eighth share, depending on your budget and your needs. I currently hold the listing for unit 145, which is for sale at an amazing price of $399,900. I can also sell quarter shares at $125,000, or eighth shares at $64,000. Fractional ownership is whole ownership of a part of the property. It is not the same as timeshare. With timeshare, you do not own anything and are not registered on the title to the property. With fractional ownership, you are the registered owner of the property, along with the other owners. An agreement is put in place for use of the property, and there is a rotation ensuring that each owner gets his or her share of prime time in the unit.

IMG_7532All the units at Sooke Harbour Resort and Marina come fully furnished and equipped, and have an on-site management team who will take care of all maintenance, interior and exterior. You simply show up to your vacation getaway, and it is exactly as you left it before. If you wish, you can also place your townhouse in the rental pool, and earn income when you’re not using the property!

Unit 145 has stunning panoramic views of Sooke Harbour and Basin, the Strait of Juan De Fuca, and the Olympic Mountains. It has about 1140 square feet of luxury living space, two balconies, two bedrooms and two full baths. The floor plan is well thought out and functional.

Sooke Harbour, looking towards Whiffen Spit and East Sooke

Sooke Harbour, looking towards Whiffen Spit and East Sooke

Salmon and halibut fishing is outstanding in Sooke, and this year has so far been the best in recent memory. Sooke fishing charters can be arranged right from the comfort of your vacation getaway home, or launch your own boat from the ramp. Book a scenic and exciting tour with a local Sooke whale watching company, right on site. Kayak rentals are also available, to explore the placid waters of the Harbour and Basin. Be sure to check out the new photo art gallery by local photographer and graphic designer, Jason van der Valk of Discover Sooke.

This is truly a great opportunity for an easy, accessible, and affordable vacation home or investment property. This is the only such development in Sooke, which is fast becoming the place to be on southern Vancouver Island.

Please see the listing page on my website for more information and pictures. Call me any time at 250-885-0512, email Tim@TimAyres.ca or fill in my contact form to ask questions or book your personal tour.

Tim Ayres – Sooke Real Estate Professional

Your comments are welcomed and encouraged!
Just use the form or link below this post.

You can bookmark this post using the button below,
or subscribe to this blog for free updates using the big buttons on the sidebar!

Exciting New Ocean View Condo Development for Sooke!

Late last month,  I was invited to a lunch event at the fabulous Markus’ Wharfside Restaurant to learn about two new development projects that will soon be breaking ground in Sooke.

Harbour View Center is the most exciting of the two. I’d venture to say it’s probably the most important development in the last 5 years, besides perhaps Sunriver Estates. It’s been at least a decade since the last condominium complex was built in Sooke, and I believe the market is desperate for some new, quality condos in Sooke.

The building will be located at Dover Street and Sooke Road on Sooke’s southern slope, just east of the town centre. This is an area that Council has designated as the major growth centre for the town, and for good reason. The gentle slope from Sooke Road down to Sooke Harbour is ideal for building beautiful ocean and mountain view homes and commercial space.


View Harbour View Center Location in a larger map

The development will feature 32 suites, most with spectacular ocean views. The non-view suites start at a very affordable price – $189,900 for 555 sqft, and prices range up to a very reasonable $399,900 for a top-floor, 1012 sqft ocean view unit. All units will feature 10 or 11 foot ceilings, granite countertops, hardwood floors, private balconies, and the complex will have underground parking – as yet unheard of in Sooke due to lack of storm sewers.

This is the first of what I hope are many affordable, quality condominium projects that will be coming available in the next few years. If you’ve been waiting for a chance to have a brand-new condominium in Sooke to live in, rent out, or as a vacation property, this is your golden opportunity. With only 32 units available, I’m fairly certain that this will sell out, and sell out fast.

For more information on how to register to reserve your unit, please contact me at 250-885-0512, Tim@TimAyres.ca or fill in my contact form.

Tim Ayres – Sooke Real Estate Professional

Your comments are welcomed and encouraged!
Just use the form or link below this post.

You can bookmark this post using the button below,
or subscribe to this blog for free updates using the big buttons on the sidebar!