PHASE I COVENANT
This is generally considered unrestricted ownership allowing the owner the most flexibility and control over their property. With a Phase I covenant, the owner has unlimited personal use of their property. In addition, the property may be made available for nightly, short-term, or long-term rental. This type of property is typically found in condominiums and townhomes in Whistler Village, Whistler Village North and the Benchlands and works best for owners wanting to choose their own rental management company and/or use the property personally. For investors, these properties are mostly found within walking distance or short bus ride to the Whistler and Blackcomb Gondolas and as such tend to provide a good return on investment through rental revenue.
PHASE II COVENANT
Properties with a Phase II covenant are generally found in the larger Condo/Hotels properties such as the Four Seasons and Pan Pacific Hotels. The covenant allows owners to use the property up to 56 days per year – 28 days in the winter and 28 days in the summer. The remaining days will be made available for rent through the in-house rental agency (e.g. Four Seasons). All owners are in a Rental Pool where they are receiving a percentage of the Gross Rental Revenue for all the suites in the hotel for each night of occupancy. These styles of properties are best suited to those coming to Whistler a couple of weeks a year or investors interested in revenue producing properties with an in-house management company.
RESIDENTIAL ZONING
This zoning is predominantly found in the residential neighbourhoods surrounding Whistler’s centre such as Alpine Meadows, Whistler Cay Estates, Bayshores etc. Properties zoned Residential maybe be used as your Primary residence, long-term rentals, or for personal and recreational use. Nightly and short-term rentals are not permitted.
