Fractional Ownership News
$65m Canadian fractional development up for sale
A proposed Canadian fractional real estate development is up for sale, with a price tag of CAN$65 million.
The Island RSVP – which stands for Resort, Spa, Vineyard, Port – is a proposed luxury fractional ownership development located on a 65 acre island (accessible by car)approximately 90 minutes from Canada's largest and wealthiest population. The Island features 9,000 feet of waterfront of which 4,500 feet is white sand beach surrounded by spectacular dunes.
When completed the resort will feature it's own private vineyard, marina, spa, restaurant & fitness facilities all serving 85 luxury vacation homes. Each home will be sold in 1/10th shares entitling each owner to five weeks of exclusive use per year. (85 x 10 = 850 shares available).
The marina will have deep water access allowing for the largest of private yachts to be moored. Access to the Atlantic Ocean is possible via the St. Lawrence Seaway. The waters around the island are home to several wrecks making the area a popular site for divers.
The Island RSVP is located in one of Ontario’s newest viticultural areas which is rapidly gaining worldwide attention for the high quailty local wines being produced. A portion of the 65 acres will be set aside as a private vineyard.
The property is currently zoned (pending final site plan approval). Building could commence within months of the funding being available.
www.hotelrealtyresource.com/listing75435.html
14/10/09
More Fractional Lifestyle news
More news
Got a Fractional news story? Contact Us.
