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Canada - - Fernie -

Country: Canada
City: Fernie
Price: $ 239.900
Available: Directly

House for sale in Canada.
Riverside Mountain Lodge is a resort where you can own a vacation retreat where your family can enjoy, and where you can receive substantial returns on your
investment through our professionally managed rental pool.

Riverside Mountain Lodge is an exciting investment opportunity for many
reasons, including:

Excellent location: Riverside Mountain Village is located along the banks
of the Elk River, a world-class fly fishing river, across the street from
the ski lifts at Canada's third largest ski hill, recently voted as Canada's
best Ski Hill;

Amenities: Riverside Mountain Village has more amenities than any
development in Fernie: fishing along our riverbanks, swimming in our
2.5-acre lake, playing tennis or enjoying a relaxing afternoon in our spa.
We also have an indoor pool and 166-foot water slide (one of Canada's
Largest Indoor Hotel Slides). These are just a few of our amenities;

Revenue opportunities: Riverside Mountain Village has a 50-room hotel at
the front of the development, providing amenities and services for the
chalets and rooms. Riverside is located on Highway #3, 2km from the Ski
Hill. The ideal location ensures high year-round occupancy levels.

We are now guaranteeing a certain level of income for each style of unit. We
can do this due to our strong rentals this season, and looking at our
reservation levels going forward. By having this security, your cash flows
can be easily calculated.

Below is a list of GUARANTEED revenues (minimum) for each floor plan; the
price follows (in brackets):

2-bedroom chalet: 'A' floor plan: $8,000/year ($239,900). Your closing costs
would include lawyer fees and land transfer fees of approximately $2,500.
Your maintenance fee costs approximately $250/month for everything except
Property Taxes (approximately $1,400 annually).
'G' floor plan (2-bedroom + loft): $10,000/year ($260,900);
'B' floor plan (3-bedroom deluxe): $11,000/year ($319,900) - hot tub
'D' floor plan (5-bedroom executive): $16,000/year ($549,000);

With this guaranteed return, your costs are minimal. For example, a
two-bedroom chalet sells for $239,900. Based on a 65% mortgage, if you ONLY
earn the minimum guaranteed $8,000 of rental income, you would have to pay
$125/month to cover your mortgage. Taken over one year, the $1,400 to cover
the mortgage is less than what you would pay to stay here for one week!

There are many reasons why Fernie is growing as a resort, and why owners
enjoy their investment. These include:
Tour operators utilizing RML have increased by 50% for 2005. Occupancy
levels are increasing.
Summer amenities are more plentiful than winter amenities. Fly fishing,
biking, hiking, touring, and swimming (there are over 25 lakes in the area -
many great for swimming - and water ski-friendly).

Two exciting developments that show the growth occurring:

a. The airport in Cranbrook (one hour from Fernie) is expanding to
international status. This will allow the huge American and European markets
easy access to Fernie - easier than Whistler and Lake Louise, two of
Canada's busiest winter resorts.

b. A new golf course has been announced! Construction on the new
"Greg Norman Signature Course" began in May. This will place Fernie on the
'golf' loop in the summer, expanding our summer attractions further.

Contact: darren@riversidemountainlodge.com

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