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Long-term investments

August, 2010
Danielle Bonneau

Chantal and Patrick, great lovers of the outdoors, have just taken possession of their log house in Fraternité-sur-Lac, a resort just starting to take shape near Lac Supérieur and the north face of Mont Tremblant. Their goal is to enjoy their nature refuge as often as possible and to rent it without having to look after anything.

"We are investing in the Mont-Tremblant area because we believe strongly in it from a financial standpoint, but we are also investing in our family life," explains Patrick, a lawyer with a well known firm in Montreal. "Our children, Félix and Sarah, ages 10 and 6, will grow up with healthy living habits because they will be able to practise all sorts of sporting activities."

He very much likes the rustic character of the chalet, which provides an instant change of scenery. With its four bedrooms (two upstairs and two in the basement), he is expecting to enjoy himself with family and friends. But make no mistake: the luxurious dwelling offers all the amenities of modern life (quartz work surfaces, glass shower stalls, etc.).

"We have the impression that we are owners of a unique property, but we are co-owners," Patrick notes.

Long-term investments

At Fraternité-sur-Lac, the pool, tennis courts and Club House are not yet built. A small village, with a hotel and spa, restaurant, general store and gas station to serve all residents of Lac Supérieur, should be springing up nearby.

North of Tremblant, at La Macaza, Australian real estate developer Walker Corporation Pty Limited has adopted the reverse strategy. It has invested more than $12 million to put in the infrastructure for its 46º North project and to build four model log homes as well as a superb Club House with pool and whirlpool bath, very close to Lake Mitchell.

Sales are going slowly. But the four homes are being put up for rent to cover operating costs and to stir interest, Other less expensive options have been offered recently to suit a more local market. This brings down the monthly cost of maintaining the overall property (Club House, pool, snow clearing, lawn mowing, etc.)

At Saint-Rémi d'Amherst, the developer of Kanata Tremblant has also invested in building three model log homes with Novoclimat certification and a cosy Club House. Some services will be provided (spa, concierge service, etc.), but there is no question of installing a pool or tennis courts.

"The area has so much to offer that we will rely more on scuba diving, an observation lookout, dog-sled rides and snowmobiling," says Jean Boisvert, who heads the project.

Five log homes, purchased by people from France, are currently under construction. How much do they cost? Prices range between $400,000 and $1.2 million. With the huge size of the territory, about 700 homes could be added over the next 20 years.

 

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