Online Real Estate Auction – 2nd Ontario based fractional ownership developer in less than a year to close out development using an online auction
Fractional ownership resort opens property bidding at over 70% off the developers last listed prices.
Wolfe Springs Resort near Westport Ontario – Eastern Ontario’s most luxurious, four-season fractional ownership resort opened bidding on May 23 through an online auction for its remaining vacation residences at www.WolfeSpringsAuction.com.
Wolfe Springs Resort fronts on spring fed Wolfe Lake and backs onto Evergreen Golf Course, 5 minutes from Westport, ON – headwater for the Rideau water-way. The resort is set on 3.41 acres offering 335 ft. of pristine waterfront with sand beach, docking and amenities. Each luxury 1,900 + sq. ft. 4 season residence comfortably sleeps 8. There will be 1 and 2 storey golf course and lake view villas available in the auction. Only 15 families will ever be onsite together.
The Developer of Wolfe Springs Resort is Clermont Investments Inc. Matthew Derbyshire, President of Clermont says “Wolfe Springs Resort is a one of a kind development in eastern Ontario. There is a great sense of community, a healthy owners association and solid reserve fund. This auction will round out the community by pushing the final 40 of 150 intervals into the hands of end user owners, which will be good for everyone.”
Reserve bids for golf course villas start at $20,000.00 for a 1/10th (5 week) vacation interval and $30,000.00 for lake view villas. These units were most recently developer priced at $69,999.00 and $89,999.00. Each interval includes a fixed summer week, then another week in each of the seasons, plus a floating week. In total, all 40 of the developer’s intervals located in 11 of the 15 villas will be sold in the auction, regardless of price above the heavily discounted published minimum bids.
Wolfe Springs Resort is already 70% sold out!
Manson Slik, Broker and Partner with Gordon’s Estate Services Ltd., who is managing the online auction says “auction will not hamper the long term value of the Wolfe Springs Resort Development in that it will forever be considered as a developer’s inventory close out sale and not representative of the true market value of individual units sold in normal fashion. Only those folks that participate and win in the auction will gain the advantage of discounted pricing – and then the opportunity will be gone.”
Wolfe Springs Resort offers a maintenance free four-season luxury vacation-lifestyle for its residents. To register for the auction, or to learn more about Wolfe Springs Resort, visit WolfeSpringsAuction.com
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