South-Central Alberta is a terrific place to live.
But even its most zealous admirers will find it hard to argue with the following factual remark: There aren't enough lakes.
It's why lakeshore real estate is priced at such an outrageous premium along Sylvan Lake and Pine Lake.
In this part of the world, there simply isn't enough prime lakeshore property to go around.
Until now, that is.
An innovative real estate team called Davey Lake Developments is prepared to offer investors a rare ground-floor opportunity to join them in the creation of a brand new, rural development on the shores of one of the province's hidden jewels.
Ever hear of Davey Lake?
We didn't think so.
This is a picturesque recreational lake situated about 10 minutes east of Bowden, which lies approximately one hour's drive north of Calgary on the QE II. Davey Lake Developments has concluded an agreement to purchase a large parcel of choice property on the lake, with the intention of creating a natural, environmentally sensitive residential community of about 300 detached timber-frame homes.
"This neighbourhood is going to look like it's been beside the lake for 100 years," predicts Chris Baradoy, president of Calgary-based Davey Lake Developments. "We've pledged not to harm mature trees and to refrain from unnecessary grading. We're working with Stantec Engineering on community design and our architectural plans include substantial reliance upon such green techniques as solar and geothermal energy."
The goal is to enhance the local landscape while avoiding any measures that could conceivably place it at risk.
So how come you've never heard of Davey Lake? Because this sparkling little gem is hidden from the view of nearby roadways and is completely surrounded by private property. The lake currently affords no public access. But Davey Lake Developments has completed an amiable round of negotiations to acquire necessary land for the new community from the current owner.
And that's precisely where you come in.
The company is in the process of raising $24 million by means of a limited partnership. Members of the public are invited to participate with a minimum investment of $10,000.
In its initial offering, Davey Lake Developments proposes to raise $12 million to cover purchase of the land, to move the project through the development process and for sales and marketing purposes. The second $12 million will be set aside to cover construction costs.
Although some risk is inherent in any investment, potential returns are extremely attractive.
"Through the limited partnership, we intend to distribute 70 per cent of profits back to our investors," Baradoy confirms. You'll look far and wide to find an investment vehicle that matches such a generous split. Profits will start to flow as soon as the project reaches the marketing stage.
"Our partnership is set up in such a way that all investors will recover their principal before management participates in any profits. That tells you management is motivated to proceed as rapidly and efficiently as possible," says Baradoy, who adds that the investment is RRSP eligible through an extremely tax-efficient vehicle.
The investment includes a few more privileges of ownership for eligible investors. For example, those partners who invest a minimum of $100,000 gain first right of refusal on lots, on a first-come, first-served basis. Those investing $50,000 are next in line for their choice of lots and the remaining investors are also guaranteed an opportunity to purchase before the units are listed on the public market, if ever.
"We're extremely confident that we'll sell out these properties to our investors before we ever reach the stage of selling to the public," Baradoy says.
If you're unfamiliar with this part of the province, you'll find no less than 14 superb golf courses within a half-hour's drive of Davey Lake. At the moment, boating on the lake is unrestricted. However, Davey Lake Developments intends to urge regulators for a new set of restrictions which would limit access to canoes, kayaks and sailboats.
"Our ultimate goal is to create an intimate, peaceful community," adds Baradoy.
Perhaps it's time to introduce you to the principals behind Davey Lake Developments, a company formed specifically to develop the community on Davey Lake.
President Chris Baradoy earned a degree in international business and brings several years' experience in project development to the table.
His associate Gary Leontowicz is a respected construction and property development professional who's been in business for more than 30 years. Gary's sister-in-law Debbie Leontowicz is also a veteran of the industry.
To learn how to participate in this exciting project, please access the company website www.daveylake.com or telephone (403) 663-9935.
Or please send an email to info@daveylake.com.