Mountain View Villas
Fairmont Hot Springs, BC
Welcome
to mountain view villas
Offering exactly what the name indicates….beautiful mountain views overlooking the Riverside Golf Course in Fairmont Hot Springs, BC. I have 9 X 1-bedroom condos in this unique location with views of the Purcells and Rocky Mountains. Bright, open concept condo units. This property is a 7-minute drive to Canada’s largest natural hot springs; Fairmont Hot springs Resort. The area is quickly becoming a sought after retirement/recreation destination. These were brought to me and there will be more to come. I have arranged a 36 Month Rental Guarantee with a very reputable local company. This guarantee is a BONUS for helping with financing and setting your mind at ease for knowing you will have always have monthly Cashflow.
Mountain View Condos: A 36 Month Rental Guarantee Under $150k Purchase Price
Mountain View Villas
image gallery
“This popular travel destination is evolving into a retirement community where active individuals can work or play as they see fit…”
Unit 3001 A
1 Bedroom | 1 Bathroom | 750 Sq. Ft.
Download the Proforma
Guaranteed Rental Rate – $1000
Unit 3004 A
1 Bedroom | 1 Bathroom | 750 Sq. Ft.
Download the Proforma
Guaranteed Rental Rate – $1000
Unit 3006 B
1 Bedroom | 1 Bathroom | 600 Sq. Ft.
Download the Proforma
Guaranteed Rental Rate – $850
Unit 3007 B
1 Bedroom | 1 Bathroom | 750 Sq. Ft.
Download the Proforma
Guaranteed Rental Rate – $850
Unit 3010 A
1 Bedroom | 1 Bathroom | 750 Sq. Ft.
Download the Proforma
Guaranteed Rental Rate – $1000
Unit 3010 B
1 Bedroom | 1 Bathroom | 600 Sq. Ft.
Download the Proforma
Guaranteed Rental Rate – $900
Unit 3011 A
1 Bedroom | 1 Bathroom | 750 Sq. Ft.
Download the Proforma
Guaranteed Rental Rate – $1000
Unit 3011 B
1 Bedroom | 1 Bathroom | 600 Sq. Ft.
Download the Proforma
Guaranteed Rental Rate – $900
Unit 3014 B
1 Bedroom | 1 Bathroom | 600 Sq. Ft.
Download the Proforma
Guaranteed Rental Rate – $900
A major attraction to these units is the 36 Month Rental Guarantee. We have partnered with a reputable company to offer to investors this fixed rate rental guarantee, as well as paying for minor maintenance and repairs, guest damage, cleaning, supplies, laundry etc. during the length of time their company rents the units. This rental guarantee will be very attractive to a lender who will want to see a long-term lease agreement in place to assist with securing the best financing options available.
About the Mountain View Villas Resort
This amazing little gem location is beginning to be more than it was. This popular travel destination is evolving into a retirement community where active individuals can work or play as they see fit. Fairmont Hot Springs is a favourite destination for people from Calgary and beyond now as the market is gaining momentum and attracting tourists for stay-cations during our changing world, post Covid.
The Building
Interior Features
Units include a microwave, refrigerator, central vacuum, window coverings, dishwasher & stove.
Heating/Cooling
Each unit has window air conditioning unit & electric fireplaces
Flooring
Flooring in the units consists of tile, vinyl & laminate.
The amenities
Pool & waterpark, kids play area & a clubhouse – board games, movies
The Structure
The building has a balcony, concrete foundation, wood frame, fire protection & sprinkler system
The Community
Pool, Waterpark & Kids play area
Clubhouse - Board Games & Movies
Activities in Fairmont Hot Springs
Riverside Golf Course beside Property
21 Golf Courses in the Valley
Columbia River Runs Beside the Property
Water Sports - Paddle Boarding & Kayaking
Fishing - Salmon, Trout & Largemouth Bass
5 Min Drive to Fairmont Hot Springs Resort
British Columbia's Best Natural Hot Springs
Amazing Self Guided Hiking Trails
Hoodoo or West Side Legacy Trail
Mountain Bike Trains - Rentals Available
The Town Offers a Local Mini Mall
Local Grocery & Liquor Store, Restaurant/Pubs
Amazing Down Hill Skiing Experiences
Frequently Asked Questions
Are they fully furnished?
They are mostly furnished – beds couches tables and chairs. Will need linens, dishes/utensils and small kitchen appliances.
Are these units renovated with new furnishings?
These units are not renovated with new furnishings.
Do these units have new appliances?
These units do not have new appliances.
How old are the buildings?
They were constructed between 1997 & 2000.
Does the condo fee include all utilities & would they increase?
Condo fees are based on square footage of the unit purchased. For the condos – there are 3 difference fees due to size.
Are there long term rentals (leased) or vacation properties daily/weekly rentals?
With the rental guarantee – there will be a long term lease in place. If you don’t want the guaranteed lease – you can do any kind of rental you’d like.
A few months back I had reached out to a realtor selling a similar unit in Osoyoos and was told it was not a good investment property as banks would not finance.
Did you ask a bank? or just a realtor?
Can we have photos please?
We have limited photos at this time due to the current retrofit that the units are undergoing.
Will the Property management company will handle all repairs and tenanting and all dealings?
Correct. Rental guarantee is called a Master Lease. This lease pays you a fixed rate monthly and covers all minor maintenance, guest damage, cleaning, supplies, laundry etc.
Which of the 9 are the corner units?
There are no corner units left at this time.
Will there any 2bedrooms coming?
There are very limited 2 bedrooms – none left in what we have. We don’t know if there will be other units after these. But the management company says that 1 bedrooms are best for this type of location.
Also, what are the condo fees and is there an option to forego the rental guarantee and in case we want to use it when we’re able to travel?
Yes – you certainly can forego the rental guarantee. Your options could be:
1 – Keep for personal use.
2 – Hire another company to manage it for you.
3 – Self manage from a far.
If you wanted to use it for personal use – the company asks that you give them 6 month lead time for prime time seasons, and 1 month for low seasons.
Are there Strata fees associated with this building?
Yes – These are the fees for this specific Building 3000.
Any major repairs coming up that you are aware of?
The building is currently under going the retrofit process. It is being brought up to current building code as needed to compete the Strata Plan for the municipality. The major repairs are being taken care of. The renovation for the entire building is estimated at $600k for all units.
And after the 36 month rental guarantee, are Airbnb/short term rentals permitted?
Yes – they are allowed and that is stated in the Strata agreement.
Where is the closest airport?
There is a local airport in Fairmont – most expensive. Next location is about 20 min at Invermere, and then Calgary which is 3.5 hours.
Do you have pictures of inside the units?
I don’t have specific photos of each unit – Not at this time. We are working on getting them.
It looks like the price is after they have been refurbished?
Not refurbished – but retrofitted from time shares into condo units. They have undergone work that needs to bring them to current building code. They are not renovated.
Is there a copy of the condo doc that shows all their reserves and projections on assessments?
I don’t have a copy of the condo document yet. It is yet to be created as the company creating the condo corporation as part of the retrofit.
The layout looks very cool-it looks like some of the A units face in and some out?
All A units face the mountains.
Are there any buildings with two bedrooms?
We only have 1 bedroom units. There were limited 2 bedrooms in the entire complex.
What is the nightly rent?
We have not discussed nightly rent. With the master lease and the 3 year rental guarantee, you will be receiving a base monthly rent whether the unit is vacant or full. If you want, you can forgo the rental guarnatee and look after that yourself. It is an option.
Development Sales Team
Mandy Branham is an inspired investor with a global vision to Impact housing in the world. She’s passionate about changing the trajectory of every person’s financial future with real estate as the vehicle for generational legacy. Mandy is the recipient of REIN Canada’s 2019 JV of the Year showcasing the emphasis she has on Value Based Partnerships as a mode of constantly expanding her business on all levels. Mandy is an expert real estate investor, known to help many individuals create passive investment portfolios
Alexander Ford is a lifelong entrepreneur and has made a career out of helping business owners tackle the biggest and most intimidating challenges in growing and scaling an organization. He is the founder and CEO of Measurable Genius, a marketing services agency that provides both strategy and hands-on fulfillment for entrepreneurs in a wide variety of different fields – from chiropractic to real-estate and everything in between.