Childhood dream becomes reality
Woman and husband buy two shares in The Residences at Fairmont Ridge
It’s all about “the Valley,” says a buyer who has realized a childhood dream. “My parents owned a recreation property in Timber Ridge close to Invermere for over 25 years,” says Leanne Driscoll, who has fond memories of the Columbia Valley. “I grew up vacationing, spending summers and holidays in the valley — and dreamed that one day, we could experience a getaway place for weekends, holidays and the summer.”
That dream came true at the end of last year for Driscoll, who is now the mother of f ive-yearold Aidan and wife of Ian.
The purchase has already been so successful, Driscoll and her family upped the ante this month.
She and her husband bought a one-eighth share in The Residences at Fairmont Ridge — the first fractional ownership opportunity in the Columbia Valley.
They were so happy with their decision, they recently purchased another one-sixteenth share.
“We now have three weeks every summer in August, and then the other six weeks rotate throughout the year and change from year to year,” says Driscoll.
“It is a dream to be living among such beauty. We purchased our property so we can experience time in the mountains, close to nature and surrounded by the beauty.”
The first phase of the development consists of 15 townhomes that have already been built, with another eight recently approved for the second phase.
That phase will also include a recreation centre with a cascading waterfall, oversized hot pools, relaxation decks, an owners’ lounge and fitness facilities. A concierge service will be included.
The launch of construction is expected in early 2012.
The Driscolls plan to use it along with Leanne’s mother and father, who sold their property in Timber Ridge several years ago.
“We will use it for our family and my parents, who love to golf and who miss being in the valley,” says Driscoll.
Skiing, enjoying the hot pools and hiking are other pastimes the family enjoys.
The couple was on holidays, saw The Residences and decided to buy.
“It is a new development and beautiful,” says Driscoll.
“The architecture outside and the furnishings inside are beautifully appointed. This particular unit we chose because of the view.
“It is outstanding. We can see the Hoodoos, the valley and the tip of Lake Windermere.”
The development is tucked between Lake Wind- ermere and Columbia Lake, with eight ski hills, 11 golf courses and an abundance of hiking, biking and other Rocky Mountain activities nearby.
A hidden gem is the natural hot springs pond, which is a three-minute walk from the development.
The Residences is on land in Fairmont Hot Springs Resort, which is about a fiveminute walk away.
The resort is renowned for its natural beauty and the largest therapeutic mineral hot springs in Canada.
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It is currently in the midst of creating a new master plan to expand and upgrade its services during the next 20 years.
Launched in 2008 in the midst of the recession, The Residences at Fairmont Ridge has been a success because of its unique qualities, offering both fractional and full-ownership opportunities.
It will have 67 homes by completion, perched high on the west-facing slope of the Rockies and offering 360-degree views.
More than half of the 40 owners currently consist of Calgarians, with Gen X and boomer families making up 85 per cent of the owners.
Ownership opportunities range from a onesixteenth fraction to one-eight or one-quarter, or units are for sale for whole ownership.
The quarter shares, for instance, offer 13 weeks per year, with two different rotations to choose from depending on buyers’ needs and wants. Seven different models are available ranging from 1,485 to 2,593 square feet and two to four bedrooms.
Prices for whole ownership include $499,000 for the twobedroom, three-bath Purcell model, which contains 2,174 square feet; and $775,955 for the Kootenay, a 2,593-square-foot, three-bedroom unit with threeand-a-half baths.
Fractional ownership starts at $34,104, with quarter fractions at $130,900 for the Purcell and $203,685 for the Kootenay.
Some of the features of the homes include energy-efficient designs, along with finishes such as Hardie Plank cement siding. They also include zeromaintenance Duradeck flooring on entertainment decks, oversized outdoor living spaces, and xeriscaping — landscaping that minimizes water use.
Look for heated tile flooring in ensuites, a fireplace, air conditioning, granite countertops in kitchens and stainless-steel appliances — examples of the luxurious surroundings.
Homes have computer stations with Wi-Fi connections and come fully furnished, with high-end furniture and state-ofthe-art electronics.
Both a rental program and exchange program are in effect, if buyers so desire.
“We live in a beautiful home in a great area with all the wonderful things that living in the mountains has to offer you,” says Driscoll.
“We felt buying in when the development is new is the best time — and we wanted our certain time, being the summer — so we acted quickly to guarantee the time we wanted.
“We believe that once the development is complete, it will be an amazing community for us to enjoy for many years and to one day pass down to our son, Aidan, for his family to enjoy.”
Clockwise, second from left, Leanne Driscoll with son Aidan, mother Dianne Poland, husband Ian Driscoll and father Peter Poland in the Driscolls’ unit.
The first phase of the Residences at Fairmont Ridge consists of 15 townhomes.
The contemporary, elegant kitchen in one of the suites.
A built-in TV hangs over the fireplace in one of the units.