The Cottages sold out. Resale is the only way in. When a unit comes available, it moves fast — and you need an agent who understands the strata rules before you make an offer.
285 homes. Gated. Private beach. Marina with boat slips. Two pools, community centre, and Osoyoos Lake on your doorstep. The Cottages is the South Okanagan's most sought-after resort community — and one of the most nuanced to buy into.
The Cottages is a strata community. Strata documents, bylaws, depreciation report, and minutes are essential reading before any offer.
The Cottages is a purpose-built resort community — not a subdivision that grew organically. Every detail was designed around the lake: the orientation of homes, the pedestrian-only zones near the waterfront, the marina layout, the beach access. Residents don't share the lake with the public — the 1,800ft of waterfront and 500ft sandy beach are exclusively for Cottages residents and their guests.
The development was built in phases and sold out entirely. There are no new builds available. The only way to buy into The Cottages is to find a resale unit — which means working with an agent who monitors the community closely and can move quickly when something comes available.
Homes range from cottages and bungalows to larger lakeside properties. Square footage, location within the development (lakefront, lakeview, interior), and condition drive price variation significantly. Not all Cottages units are equal — understanding the development layout matters before you buy.
The Cottages operates as a strata corporation. Before making any offer, you need to review and understand: the strata bylaws (rental restrictions, pet rules, STR permissions), the most recent depreciation report (capital reserve fund status), strata meeting minutes (any pending special levies or disputes), current strata fees and what they cover, and the insurance policy details.
Pat's subject conditions always include adequate time to review strata documents. Never waive this review — a special levy on a resort strata can run into the tens of thousands of dollars.
Short-term rental permissions at The Cottages are governed by strata bylaws — and bylaws can change. Always verify the current STR rules directly from the strata documents at the time of purchase. Don't rely on what was permitted when the development first opened.
Strata fees at resort communities tend to be higher than typical residential strata — the amenities, landscaping, and waterfront maintenance cost money. Factor strata fees into your total cost of ownership calculation, not just the purchase price.
A depreciation report tells you the state of the capital reserve fund — whether there's enough money set aside for future major repairs. A community with an underfunded reserve is a red flag that could mean special levies (unexpected lump-sum costs) for owners.
Lakefront units vs. lakeview vs. interior lots are priced very differently — and the lifestyle difference is significant. Know exactly what you're buying and where it sits in the development relative to the beach and amenities before making an offer.
Strata insurance covers common areas and the building envelope — but individual unit contents and improvements require your own policy. The wildfire interface zone consideration also applies — get insurance confirmed as a subject condition in summer months.
Cottages resales don't sit. When a well-priced unit comes available, it can have multiple offers within days. Having Pat on watch — and financing pre-approved — means you can act before the listing even goes public in some cases.
Pat monitors The Cottages market and can notify you when something comes available — before it goes wide. Being ready to move fast is the whole game here.
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