Residence

Residence at 124 on Queen

Make 124 on Queen your official home away from home through our fractional ownership program.

Imagine spending your leisure time in this remarkable destination. Your Niagara on the Lake lifestyle will include exciting attractions, superb dining, quaint shops, beautiful spas, and the renowned Shaw Festival theatres. These amenities will beckon you back again and again to your second home in Niagara on the Lake.

Enjoy the benefits of owning a piece of Niagara on the Lake real estate while paying only for the time you use. Please contact us for assistance.

Fractional Ownership

Fractional ownership provides the opportunity to share ownership of a valuable asset. Also referred to as vacation ownership, shared ownership and private residence clubs, fractional ownership is rapidly growing in popularity for sharing ownership of aircraft, automobiles, yachts and real estate.

Fractional ownership offers the following benefits:

The Villas

Modern and spacious accommodations in a stunning heritage setting is featured in the Caroline Villas. The tastefully appointed two bedroom units offer the conveniences of a full time residence and the luxury appointments you expect at a five star resort. Quality is evident at every turn, from the fully appointed kitchens that are furnished with stainless steel appliances and stone countertops, to the two full bathrooms - one accessed from the master bedroom with king bed, and the ensuite that serves the second bedroom with a queen size bed.

The large open concept living room invites relaxation in every season, particularly in the cooler months when the gas fireplace helps create the perfect ambiance for a romantic evening in Niagara on the Lake. In addition to the 1,000 square feet of professionally decorated interior living space, the Caroline Villas feature a 350 square foot private outdoor patio, equipped with a stainless steel BBQ, patio lounge furniture and dinette.

The Caroline Villas take the Niagara on the Lake lifestyle to a new level and promise to make every visit to Canada's prettiest town relaxing and memorable.

Frequently Asked Questions

Can I own more than one fractional interest?
Absolutely. You can purchase as many fractional interests as you want, up to and including full year-round ownership of your property.

Can I choose whatever time periods I want to use my villa?
Each fraction you buy has a schedule with predetermined fixed weeks throughout the year. You are guaranteed access to your villa in every magnificent Niagara on the Lake season. You can pick a schedule that best suits your leisure time.

Is financing available?
You can use your own bank or we can assist you with your financing requirements through major financial institutions that are familiar with our offering and have local, knowledgeable representatives.

Does my deposit earn interest?
Yes, at the rate established by The Condominium Act.

Can I give my fraction to friends and family if I'm not using it?
Yes, and your guests can enjoy the same community amenities and services as you would if you were here.

Can I rent out my fractional to others?
Yes, owners may rent (or lend) their fraction to family, friends and others. In addition, our qualified and professional property management company can assist you with renting your villa.

Do I have to know the other owners of my vacation home?
No you do not. Very few people know the other owners before they purchase and because there is no overlap in fractional usage, people often go from year to year without meeting the other owners.

Do I have to furnish or decorate my vacation home?
We do the work for you! Your home at 124 on Queen is beautifully furnished and fully-equipped with accessories, cooking utensils, appliances, dishes, flatware and all linens.

What happens if things get broken, lost or need replacement?
A reserve fund will be established as part of the common element budget. A contribution to the reserve fund will be included in the monthly maintenance fee and will be used, as required, to replace or repair broken or lost items.

Can I bring my own furniture and accessories to my vacation home?
Your vacation home at 124 on Queen has been designed to a level of luxury and comfort befitting the best-of-the-best vacation retreats. It is also furnished and accessorized to a very high standard. That said, you may want to bring some personal framed photographs, accessories, etc. and store them in your locker when you are not there.

Does my vacation home at 124 on Queen have heating and air conditioning?
Your 124 on Queen vacation property is equipped with state-of-the-art heating and air conditioning, providing full four-season comfort.

Are there housekeeping services available at my 124 on Queen vacation property?
Your vacation property is cleaned on a weekly basis. Additional housekeeping can also be arranged at an additional cost.

What maintenance charges and property taxes will I have to pay?
Maintenance fees and property taxes will vary depending on the unit type and fractional segment you purchase. Ask your Reservations Coordinator for details specific to your unit.

Is there warranty on my 124 on Queen vacation property?
Yes. As a commercial condominium, the 124 on Queen Villas have been built in accordance with the Ontario Building Code. Additionally, purchasers will be provided with all warranties obtained from suppliers and vendors' warranties for one full year on materials and construction.

If I have any other questions, who can I get answers from?
Your Reservations Coordinator is well versed and knowledgeable in all aspects of vacation and fractional ownership. He or she will be delighted to answer any additional questions you may have. Send a message or call us toll free at 1-855-988-4552.