Each home owner:
- owns a 1/43rd strata title interest in approximately 400′(frontage) X 100′ of waterfront land with a common water lease plus improvements. The shared property value is approximately $5,000,000.
- owns a water lot lease. The annual lease cost is included in our monthly maintenance fees.
- owns a unique custom built floating home.
We are on municipal water and operate our own state of the art organic sewage treatment facility. Parking area, garages and gardens are situated on the ‘Uplands’ area.
We are very proud of our high standard of maintenance and upkeep of the development and have planned for unexpected events by accumulating a very healthy contingency reserve.
The water lot lease was renewed and registered at the Land Title Office for an additional 20 years in January 2015. We expect that the water lease will enjoy continued renewals as we own the foreshore.