Child­hood dream be­comes re­al­ity

Woman and hus­band buy two shares in The Res­i­dences at Fair­mont Ridge

Calgary Herald New Condos - - New Condos - KATHY MCCORMICK

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.

MVisit our web­site un­der the head­ing, ‘Rec Prop­er­ties,’ for more sto­ries and photo gal­leries.

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.

Cour­tesy, An­stice Com­mu­ni­ca­tions

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.

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