Opportunity

Finally an affordable opportunity to build your own mountain cottage on your own time frame and with whomever youd like to build it with!  The Cottages at Copper Point will provide fully-serviced heavily-treed mountain cottage lots starting at just $79,900.  With the relaxed architectural control requirements allowing cottages as small as 900 square feet, the entry level price should start, including taxes, at just over $230,000.

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Considering the entry level price for an existing pre-owned cottage similar to what will be offered at The Cottages at Copper Point is in excess of $300,000, the owners will realize instant equity.  This is an incredible opportunity given that the entry level price in Lakeview Meadows, which is just across the highway, is close to $500,000 for a free-standing resale cabin.  This is an opportunity that has not been seen in the Windermere Valley in many, many years.

At The Cottages at Copper Point, weve managed to create a formula to provide an opportunity for a segment of the market which DOES NOT exist in the Windermere Valley at present. This, combined with no building commitment, provides an excellent opportunity to invest in the booming real estate market or to build and enjoy.

This truly four-season recreational area, only three hours from Calgary, is attracting visitors from across Canada, the United States and abroad. As quoted in the Western Investor, the Windermere Valley is now a major go to vacation destination for summer visitors and members of the oil and gas industry. With vacancy rates at 0% and the average price in the town of Invermere at $240,000,   real estate should continue to appreciate in excess of 10% per year. Also as quoted in the 2004 RE/MAX of Western Canada Recreational Property Report, sellers are experiencing multiple offers and the prices are being driven up across the board. A shortage of available water front and back lot properties has placed upward pressure on rural markets creating an affordability issue. In short, there are substantially more buyers than sellers and this trend should continue for many years to come.