Fairmont Hot Springs Resort Launches Value-Infused Home Sites

Limited number of premium mountain-view sites meets market demand

June 29, 2009, Fairmont Hot Springs, B.C. – Fairmont Hot Springs Resort is offering a limited quantity of value-packed home sites in their stunning Mountainside Ridge neighbourhood. The large 1/3 acre sites with awe inspiring views of the Rocky Mountains are now available starting at $114,900.

Buyers will also have the opportunity to immediately start taking advantage of the privileges that come with purchasing in an established resort community. A voucher pack for 60 tee times, 60 lift tickets and 60 passes for the natural mineral hot springs is included with every home site. In addition, buyers will be given five two-night stays at the lodge at Fairmont Hot Springs Resort so they can easily monitor the progress of their new vacation home. The package is valued at more than $10,000.

“We want to offer great prices on home sites and pack as much value into our offerings as we can, and we’re fortunate to have an established resort community that makes that possible,” says Richard Haworth, vice president of development for Fairmont Hot Springs Resort. “You can purchase your home site on a Friday and then spend the weekend golfing one of our three courses, or relaxing in the hot springs at no charge.”

With mortgage rates at historic lows, Haworth is encouraging recreational property buyers who may be sitting on the fence, to take this opportunity to achieve their dream. Based on the 2009 Royal LePage Recreational Property Report, despite the economic downturn, there are still plenty of Canadians looking for the right opportunity. According to the report, 64 per cent felt that recreational property is a safe investment and 55 per cent are willing to make financial compromises to fulfill their dream.

“I don’t think you will ever see this kind of value in the recreational property market again,” Haworth says. “At today’s mortgage rates and prices, these home sites are very attainable and offer incredible value into the future.”

Using a current average mortgage rate of 4.25 per cent, with a 50 per cent down payment, buyers can expect to pay approximately $310 per month for a stunning mountain-view lot at Mountainside Ridge.

The home sites maintain a flexible construction schedule and guidelines to ensure buyers can build to suit their needs up to seven years after the purchase of their site. The goal of the design guidelines is to provide authentic Columbia Valley architecture with a modern and contemporary feel, while preserving the natural integrity of Fairmont Hot Springs Resort and protecting buyers’ investments.

The resort also offers 45 holes of golf with Mountainside, an 18-hole par 72 CPGA, Creekside, a par 3, 9-hole golf course, plus the stunning 18-hole Riverside golf course set on the majestic Columbia River with the rugged Rocky Mountains as its backdrop.