Rossland, B.C. – (December 2, 2009) – Red Mountain Ventures has decided to drastically cut prices at its slopeside condominium Slalom Creek as a means to move completed inventory in a compressed period of time. The calculated business decision to discount the remaining suites will allow the developer to focus on new developments that are part of the 1,400-unit master-planned community – including the $3 million restoration and addition to its 100 year-old day lodge as well as establishing a modern pre-fabricated home building division.
The sale of Slalom Creek represents a unique opportunity for those who are interested in getting into the recreational real estate market – at a ‘Best Powder acclaimed ’ ski resort – with prices far below market value. All residences are completed and buyers can move in immediately.
“We have several mountain, community and real estate projects in the works for 2010 and the sooner we sell the remaining suites at Slalom Creek, the sooner we can focus our attention on other aspects of Red’s master plan,” says Howard Katkov, president and CEO of Red Mountain Ventures. “The financial benefits from this fast sale far outweigh the impact of holding on to the suites at regular pricing for a longer term.”
Located only a few metres from the chairlifts of Red Mountain Resort, Slalom Creek is home to 67 suites, offering picturesque views of five nearby peaks in every direction. The five-storey steel and concrete structure includes one-, two- and three-bedroom homes ranging in size from 1,167 square feet to 1,687 square feet.
Examples of price reductions at Slalom Creek include:
- A 1,163 square-foot, two-bedroom home that was $509,900 is now $267,490
- A 1,434 square-foot, three-bedroom home that was $609,900 is now $322,650
“This is a once in a lifetime opportunity to purchase a ski in ski out residence at Red Mountain Resort and in the first couple of weeks of our whisper campaign, five individuals have taken advantage of this opportunity. This won’t last long,” says Katkov.
Katkov and a group of ski enthusiast investors purchased Red Mountain Resort – the oldest ski resort in Western Canada – in 2004. Since the acquisition, the ski resort has undergone more than $57 million in renovations, new housing, a new beginner area and new and restored lift systems.
Red Mountain Ventures was founded with the mission of developing and operating Red Mountain Resort and the surrounding area near Rossland, B.C. with a responsibility to the environment and the community of Rossland. The organization has made a long-standing commitment to respecting and upholding the unique history and traditions of the community while balancing effective and successful business management in any economic climate. Howard Katkov serves as president and CEO of Red Mountain Ventures and comes with a long history of creating and managing truly successful real estate and business ventures. Together with the Red Mountain Resort operations staff, Howard shares a vision of preserving the past while offering its visitors a unique experience that only Rossland can.
For more information:
Jim Greene
Red Mountain
1-888-362-7007
