PR Log - Feb 13, 2013 - The recreational marketplace is soft. However, the replacement value of the recreational property at 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 also take you $10 million and 5-7 years to get the development thru the regulatory and construction process. It is unlikely that you could raise $10 million for that thin of a return over that long a period of time.
Thru 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!".
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?