Oak Bay Beach Hotel in Victoria, Vancouver Island has sold out Phase 3 of its vacation hotel suites, and is now offering special incentives to the first 10 buyers in Phase 4.
The developers of this luxury ocean front hotel and residential condos are offering investment options to keen buyers.
Phase 4 gives the first ten purchasers of one of the waterfront hotel vacation suites a 105% buyback option after 5 years and a lease back contract enhanced by 50% to provide a return on investment at 3.25% annually.
Only 100 of these vacation hotel suites have been made available, and only the first 10 buyers in Phase 4 will receive these additional bonuses.
Owners are entitled to use their unit up to 16 weeks per year, and enjoy all of the amenities of the 5-star ocean front resort. When they are not using the fully furnished suites, owners receive revenue from the hotel’s rental of the suite. The Oak Bay Beach Hotel is hosting its grand opening May 25-27, 2012.

Own a new home near Victoria, B.C. for as little at $289,000. With 10 different floor plans to choose from all priced under $420,000, owning a home – and one with luxury touches – is easy at Kettle Creek Station. Nestled between Langford Lake and Goldstream Provincial Park, near Victoria, new custom homes are available at Kettle Creek Station start at $289,000, including net HST, appliance packages and no strata fees. Your new home at Kettle Creek Station, just 20 minutes north of Victoria, is ready for you to move into.
Kettle Creek Station has been designed to create a vibrant community that welcomes families, first time home buyers, couples looking to downsize or individuals who want to own their home and land but want a smaller footprint. Designed with efficiency and open concept living in mind, these Kettle Creek new homes are very affordable and provide bright spacious living areas, designer décor options and your own backyard. One, two and three-bedroom new homes range from $289,000 to $419,000. Live with more for less at Kettle Creek Station.

The beachfront Vancouver Island real estate development Qualicum Landing has only 16 homes still available. With the community’s amenities now complete and more than 40 owners enjoying their new Vancouver Island beachfront homes, the developers are building the community out.
There is still time to select floor plans for some lots, but only two ocean view lots remain, and only two of the popular Hollyburn View floor plans are available.
The Qualicum Landing development features an array of amenities for homeowners to enjoy, including 500 feet of walk on waterfront, a sea wall, fire pit on the beach, a multi-use sport court, a community garden and a clubhouse with fitness centre, two heated outdoor pools, two spas, a games room and owner’s lounge.
Qualicum Landing is located just north of the Vancouver Island community of Qualicum Beach, renowned for its warm, sunny beaches and surrounded by stunning nature.

Steam Engine Estates in Cumberland, B.C., is a residential real estate project featuring 50 new patio homes and town homes; each with a view of the spectacular Comox Valley mountains. This Vancouver Island development is set in a tranquil area backing onto a dedicated green space.
Each patio and town house unit is beautifully finished with plenty of natural lighting, designer colour schemes and landscaped yards. There are three floor plans to choose from: The “Wellington” — 1254 sq ft; The “McGinty” — 1410 sq ft; and the The “Queen Anne” — 1453 sq ft.
These Vancouver Island homes are priced from $219,900 to $239,900. 24 units in Phases I – IV have been sold. Stop by an open house at 3400 Coniston Crescent, Cumberland, Wednesday-Sunday from 1-3 p.m. to view these new homes.

The popular high end real estate development of Penfield West in Campbell River has only one residential building lot available for sale.
In this established subdivision of executive, West Coast style homes, the final building lot for sale is priced at $79,900.
Located in the popular Willow Point area of Campbell River, Penfield West is comprised of just over 200 residential lots, some of which offer panoramic views of Campbell River and Georgia Strait. The community is conveniently located close to all levels of schools, parks, the Sportsplex, the Campbell River Hospital, the marina and golfing.

The ocean front real estate development of Silver Spray in Sooke offers Vancouver Island waterfront and view lots for sale. Options at Silver Spray include mountaintop locations with sweeping 270-degree views of the Strait of Juan de Fuca, the Olympic Peninsula’s snow-covered mountains and the sunrise; a westerly sunset vista across the ocean looking up the BC coastline; and views that take in the marine activity coming and going from Sooke Harbour and the twinkling lights of the surrounding communities.
Located only 26 miles southwest of Victoria, Silver Spray offers privacy at the end of a country road, and access to the amenities in nearby Colwood, Langford, Metchosin and Sooke.
The Silver Spray development has been carefully envisioned to include: 127 private residential lots with a broad array of sizes, views and prices; protected designated beach areas; a linear park running north to south through the project; a sheltered marina at the entrance of the Sooke Harbour Basin, and a golf course and resort development.
Phase IV lots are now selling at Silver Spray, with residential lot prices starting at $189,000.

The lots at Bonnington Ridge in Fairwinds offer the opportunity to build your own custom ocean view home in the heart of the Fairwinds golf community.
A limited number of residential view lots are still available, situated on a quiet cul-de-sac with prices starting at $209,000. Both ocean and golf course views can be had at Bonnington Ridge in Nanoose Bay. These lots combine first-class luxury living with the natural beauty and tranquility of the area.
Fairwinds is the destination of choice for those seeking a luxurious West Coast lifestyle with a champiosnhi golf course, Schooner Cove Marina and a recreational fitness facility within the community.
Located only fifteen minutes north of Nanaimo, in Nanoose Bay, Bonnington Ridge lots are within walking distance of the Fairwinds Centre.
Available lots range from .33-.54 acre, and are priced from $209,000-$318,000.

Reef Point Cottages is located on the West Coast of Vancouver Island in Ucluelet, British Columbia, Canada. The Vancouver Island waterfront vacation homes at Reef Point Cottages offer an exciting Ucluelet real estate opportunity.
There are currently two private waterfront cottages for sale. These two bedroom vacation homes offer excellent revenue in the growing resort community of Ucluelet, on the west coast of Vancouver Island near Long Beach and Tofino. These Ucluelet real estate cottages are part of the Reef Point Cottages rental program and the owner is entitled to 6 months personal use each year. The owners can also leave their vacation home in the rental program full-time and earn a return on this hassle free investment.
Reef Point Cottages is located near Tofino, just minutes from Ucluelet’s beautiful pocket beaches or Long Beach in Pacific Rim National Park. The Wild Pacific Trail is on the doorstep of Reef Point Cottages, and is a must see for all travellers to the West Coast of Vancouver Island.
The low maintenance 956 sq ft cottages are finished with teak, marble and slate flooring; granite countertops; and pine wainscotting and ceilings.
Cozy up to the fireplace on those stormy nights or sit in your private hot tub on the oversized covered deck overlooking nature and on to Spring Cove. There is also room in the unfinished basement to add a third bedroom and/or an owner lock-off.
Unit 271 is priced at $299,000, and Unit 273 is priced at $279,000.