Waterfront Prices Slashed at Galena Shores
Feb. 13, 2013 - PRLog -- The recreational marketplace in BC is soft. However, the replacement value of recreational property like Galena Shores is quite high. To duplicate this development (if you could find the waterfront) you would need to sell waterfront lots at $300,000 or view lots at $150,000. It would cost $10 million and 5-7 years to get the development thru the regulatory and construction process. It is unlikely that $10 million could be raised for a risky venture with a thin return over a 7 year time horizon.
Through this unique program, investors in Galena Shores achieve a 40% reduction on the acquisition price of a lot and tax deductibility of all associated expenses. There is no better way to acquire a recreational property than this, enthused Lindsay Moir, President of Arrow Lakes Developments Ltd.
Dennis Dorval, Owner/Investor in Galena Shores said, "While it is wonderful to have a recreational property, it is great to take the holding costs off your taxable income. The tax refund means you have money for that extra toy at the lake!".
About Galena Shores
Galena Shores is lake shore property nestled in British Columbia’s Kootenay Mountains, just South of Revelstoke. Your back door is big beautiful Galena Bay’s mirror smooth water and your front door is a 70 acre public park. Within driving distance from Calgary and Kelowna, Galena Shores is a second home to those with the time to enjoy nature. It is flat waterfront property, fully serviced in a spectacular and pristine environment. Waterfront property in the Kootenays and right next to amenities such as the most exciting powder skiing in North America. Does it get any better?
About Arrow Lakes Developments Ltd.
ALDL’s mission is to provide spectacular waterfront properties to our investors at founders prices.
Contact Arrow Lakes Developments Ltd.
Lindsay Moir, President
www.galenashores.com or www.aldl.ca
Page Updated Last on: Mar 18, 2013