Royal treat­ment at Crown Isle

Plenty for buy­ers at golf project

Calgary Herald - Calgary Herald New Condos - - Recreation & Investment Properties - MARTY HOPE

In gen­eral, the B.C. real es­tate mar­ket is re­cov­er­ing — and so, too, is in­ter­est in Crown Isle Golf and Re­sort Com­mu­nity, says the de­vel­op­ment’s di­rec­tor of real es­tate.

“Just over 850 (homes) have been com­pleted to date,” says Ja­son An­drew, who is also the di­rec­tor of golf op­er­a­tions at the 18-hole cham­pi­onship course in Courte­nay, B.C.

Lo­cated in the Co­mox Val­ley on Van­cou­ver Is­land, about an hour’s fly­ing time from Cal­gary, Crown Isle is a mas­ter-planned com­mu­nity of 348 hectares that will have 2,700 sin­gle-and mul­ti­fam­ily homes at com­ple­tion.

Hous­ing has been in­te­grated with the course and open space in small neigh­bour­hood clus­ters, with golf course and moun­tain views avail­able through­out the com­mu­nity.

An­drew says only a dozen lots re­main in the Cam­bridge Park Es­tates phase of the com­mu­nity, with seven of them on the 15th fair­way and five oth­ers on nearby cul-de-sacs.

As well, seven homes are cur­rently un­der constructi­on. In Cam­bridge Park Es­tates, house prices range from $475,000 to slightly more than $900,000.

With new constructi­on beginning to re­act to the strength­en­ing econ­omy, re­sale ac­tiv­ity is catch­ing on again.

“Ac­tiv­ity has been brisk over the past few months,” says An­drew. “Af­ter a very slow first half of the year, there have been more than 50 sales within the com­mu­nity over the past four months.”

So far this year, the av­er­age sell­ing price for de­tached homes on the re­sale mar­ket is $580,900 — with pa­tio homes at $336,071, lot sales (off the fair­way) at $168,500, con­dos at $332,000, and quar­ter-own­er­ship vil­las at $120,000.

For in­for­ma­tion on Crown Isle, visit www. crown­isle. com, e-mail [email protected]­isle.com, or call 1-888-338-8439.

Cal­gary Her­ald Archive

Ja­son An­drew, di­rec­tor of real es­tate for the Crown Isle Golf and Re­sort Com­mu­nity.

Cour­tesy, Crown Isle

There are sev­eral types of hous­ing be­ing de­vel­oped at the project and they’re all in­te­grated around the 18-hole golf course.

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