Vernon, BC
Golf development opportunity for savvy buyers
Property liquidation prices at The Rise in Vernon may not last
OVERLOOKING THE LAKE: This elite golf home at The Rise is suddenly more affordable—photo courtesy of The Rise
If you dream of living in a luxury home at a world-class Fred Couples signature course near a vineyard on Lake Okanagan, perhaps now is the time to make a bold move.
Several neighbourhoods at The Rise in Vernon are now being liquidated at up to 40 per cent discounts. Having hit a rough patch during the economic downturn, the developers of The Rise sought creditor protection and are now letting homes and properties go at extreme discounts in order to straighten out their accounts. Since The Rise may be bought out by flush investors, the liquidation might be available for only a limited time.
The Rise turned to liquidation specialists Land Launch Project Marketing who have been successful with selling off properties for other high-end developments that were in a similar predicament.
The course has been open since April, and golfers are thrilled. Clearly the $14 million invested in the course has created a challenging and beautiful end result. The course includes a practice area with a 4,000-square-foot putting green. The pro shop is open, offering golf merchandise, and has just started a coaching program for new players. Freddy’s Patio Restaurant is open and serves breakfast, lunch and brunch.
Homeowners at The Rise will also have exclusive rights to The Beach Club—a private beach—on Lake Okanagan.