Fam­ily gets into Spirit with sec­ond pur­chase

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

Ed­mon­ton’s Rick Mick­le­son is so en­thu­si­as­tic about Spirit Ridge Re­sort and Spa in Osoy­oos, you will want to jump on a plane and see what all the ex­cite­ment is about.

Spirit Ridge was re­cently named one of the big­gest re­sorts in B.C. in Busi­ness in Van­cou­ver Mag­a­zine, and Rick says while it is lively enough for his tastes, it’s still quiet enough for his wife Bar­bara.

The Mick­lesons were so happy with their pur­chase at $170,000 for half-own­er­ship of a two-bed­room vine­yard villa in 2007, they sprung for half-own­er­ship in a Phase II twobed­room vine­yard villa for $270,000 in 2009.

The first villa is now rev­enue neu­tral, due to the prop­erty and rental man­age­ment pro­gram op­er­ated through Bell­star Ho­tels and Re­sorts.

Dur­ing the sum­mer sea­son, monthly rentals of the vil­las cost up to $6,675 to rent by non-own­ers.

Though half-own­er­ship means that the Mick­lesons get full use of the villa ev­ery sec­ond month, they were find­ing that the sched­ule for the first villa did not al­ways co­in­cide with when they could get away.

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