New Construction
Looking for an investment? Check out these villas on the fairway!
January 19, 2010 by Amy Kizaki · View Comments
Recently I ran into an interesting investment opportunity in Chilliwack, BC, the warmest city in Canada. In Chilliwack rests one of “BC’s best hidden kept secrets”, The Falls Golf & Country Club, home to a breathtaking golf course with expansive views of the hillsides and from Abbotsford to Harrison.
There are currently some big development plans underway in the immediate vacinity including a $250 million dollar multi use sports facility and winter club, with what is going to be one of the w
orld’s largest usable green roof. Read more about it here.
Right on the fairway there is a new construction development, a group of duplex-style homes called the Deercrest Villas. Why are these special, and why are they investment opportunities? These villas are meant to be rentals; purchasers, upon putting a deposit down, sign an agreement with the Falls resort to manage the villa (if they wish to do so, they can of course reside in the property if they’d like to). The Falls then takes care of the leasing of the unit for you. Since the villas are zoned the same as a hotel is, overnight rentals are legally allowed; visitors can get room service and even spa services right to, and in, their rooms! Another intriguing fact: Australian golf legend Greg Norman is signed on to design the next course in the club. Properties on fairways designed by him typically sell in the mid $2 million dollar range.
See what people are saying about the Falls:
“Home buyers, young families, retirees, and golfers will be treated to a panorama of mountain peaks that form a backdrop to farms that dot the valley below” – New York Times 
“One of B.C.’s Top Ten Hidden Treasures” – National Post Golf Review
“Ranked in Top 100 World Destinations for Fishing and Golf” – TSN’s Fins and Skins
“Ranked #2 for B.C.’s Best Scenery, B.C.’s Favorite Course and B.C.’s Best Kept Secret” – Province Golf Guide (Golfer’s Choice, Best of B.C.)
“One of the most spectacular golf courses I have ever played!” – Steve Tambellini, VP & Assistant General Manager, Vancouver Canucks
“Our Canucks Alumni Ryder Tournament that we play at the Falls each June is indeed a high point on our social calendar. The golf course, the views, the food and the hospitality we’re shown are top notch and sincerely appreciated” – Norm Jewison, Vancouver Canucks Alumni Liaison
There are 8 phases in this development and the first phase has already sold out. The second phase, currently 50% sold out, are for sale for $840,000 and are fully finished ($40,000 is for the furnishings). The third phase and phases thereafter aren’t on the fairway, so phase 2 is your last opportunity for a villa on the fairway! Third phase units are offered at $740,000. For information on what the nightly rate and other financial information, give me a call or send me an email! (trust me, it’s worth taking a look at).
The villas themselves are absolutely gorgeous. They’re basically luxury townhouses, with high end finishings such as granite countertops, two jacuzzi tubs (one in the master, one on the outdoor patio overlooking the fairway), flat screen TVs, hardwood flooring…the list goes on.
The Falls are also offering an incentive at the moment where they’re writing purchasers post dated checks for 1/2 year’s worth of mortgage and property tax payments. Have you heard of that one before? I know I haven’t. To date, not one single investor who has invested in a Deercrest villa has had to pay out anything other than their mortgage downpayment, as everything else has been covered by the rental revenue they have received, and some!
Want to learn more? Get in touch! I’d be happy to send you more detailed information on these properties. Also be sure to visit the Falls website!
Amy Kizaki
Blu Realty
778 855 0841
amy@vancouverpowersearch.com
