A rendering of the Rocky Pointe condos which is the newest housing development coming to Golden. Completion is expected by July or August 2018. Photo Submitted

Rocky Pointe condo development launches sales

Rocky Pointe Condos is the newest housing development being constructed in Golden.

Rocky Pointe Condos is the newest housing development being constructed in Golden and promises to raise the bar on the Golden lifestyle.

Developed by Develeco, planning for the development was a six to ten month process before breaking ground last August. Construction has gone well and they are now 50 per cent through construction. They expect to be completed by July or August, 2018.

The two, three-floor, 18 suite developments will be the first of its kind in 25 years in Golden according to owner and developer Rav Soomal. Soomal says it will be the first multi-family building built in that time.

“It’s a high end, brand new development so we’re seeing people who have been looking in Golden for housing and nothing being available in their price point,” Soomal said. “This development at $265,000 and $270,000 is perfect and everything is high end.”

The official sales launch happened on December 20. Soomal said the event was a big success with a lot of interested buyers. During the first two weeks of sales, four condos were sold and Soomal expects to have six sold by the end of the month.

Soomal says judging from the event, there is a big variety in the demographic of potential buyers. The development will have 15, two-bedroom suites and three, one-bedroom suites in each building and will range in price from $219,000 to $275,000. With low cost and high end quality, the demographic is expected to include small families, those looking to purchase homes for the first time, and older couples looking to downsize.

Additionally, Soomal says they expect to see people from out of town buying weekend vacation homes to use during ski and other recreational seasons. As Canmore becomes increasingly expensive to live or purchase a second home, Soomal expects vacationers to trickle down to Golden.

As these are condos, buying will be the only option with no rentals available.

Born and raised in Golden, Soomal says Golden is home and he is happy for the opportunity to take part in a project that will improve the community.

“I’m most excited to be a part of a development of this caliber in our community which is experiencing a huge housing shortage and a lack of good quality inventory,” Soomal said. “To build something in a community that we live in and will continue to live in for a long time. It’s nice to be building something that we’ll be proud of.”

For more information on the Rocky Pointe Condos and to see additional renderings and floor plans, visit www.rockypointe.ca

Just Posted

Women’s Day is a reason to celebrate this year

International Women’s Day is celebrated across the world on March 8, but… Continue reading

Little Mittens expands service to include wildlife rescue

Little Mittens is expanding its rescue capacities to include mittens of all… Continue reading

Vehicle restrictions are in place in some backcountry areas to protect sensitive habitats

With spring on its way, residents and tourists alike might be thinking… Continue reading

Business profile: Golden Consignment

Lizard cages, fish tanks, appliances, tires, tools, instruments and more; Golden Consignment… Continue reading

Federal Gas Tax Fund provides full funding for dike improvements

The Town of Golden has received the largest single infrastructure based grant… Continue reading

REPLAY: B.C. this week in video

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

How to keep local news visible in your Facebook feed

Facebook has changed the news feed to emphasize personal connections. You might see less news.

A frustrated Trump lashes out at special counsel Mueller

In a series of weekend tweets naming Mueller for the first time, Trump criticized the investigation into Russian interference in the 2016 presidential election

B.C. teachers’ union to ask for higher salaries to help with shortages

B.C. starting teacher salaries are $10,000 to $15,000 lower than Ontario or Alberta says B.C. Teachers’ Federation president.

Few political staffers on Parliament Hill report sexual misconduct: survey

Sixty-five of the 266 survey respondents said they had personally experienced at least one incident of sexual harassment.

Experimental pot lab sprouting cannabis-infused drinks, new edibles

Nestled inside Canopy Growth Corp.’s sprawling marijuana facility outside Ottawa is a special laboratory

Federal committee to examine human trafficking in Canada

The Commons committee plans on holding hearings in Montreal, Toronto, Edmonton and Vancouver.

Anti-pipeline protestors block Kinder Morgan tanker near Seattle

Protest was spurred on by the 28 anti-Kinder Morgan activists arrested in Burnaby

Some surprises in new book about B.C. labour movement

“On the Line” charts history of the union movement back to the 1800s

Most Read