By John McKenzie

When it comes to vacations, many of us dream of owning that great cottage by the lake. At the same time, the thought of maintaining a place that sits empty so many weeks a year can be a deterrent. After all, most of us have limited vacation time.

For this reason, Inveridge Development Corp. introduced what it calls Your Resort Ownership Interest (Your ROI), at Heron Point in Invermere, B.C. Your ROI offers one-tenth ownership of a luxury condominium that translates into five weeks ownership each year.

"We think it's a practical and smart opportunity for people to buy into the recreational real estate market without having to pay for a property they won't have time to enjoy," Michael Shipley of Inveridge Development Corp says. "The location is an extremely desirable play and vacation area for Calgarians and is sure to be a very valuable asset for owners."

Overlooking Lake Windermere, Heron Point is a distinctive three-building cluster of 84 exclusive condominiums located just off Main Street in Invermere. Suite options include one bedroom, two-bedroom, and two-bedroom-plus-den, ranging in size from 699 to 1,229 sq. ft.

Occupancy of Phase One is expected to occur at the end of February 2003 and construction of Phase Two has already begun.

Your ROI is based on the vision, strength and experience of Inveridge Development Corp. and is intended to promote long-term customer satisfaction and future value. Heron Point combines all of the best aspects of owning a mountain and lake resort property, close to Calgary, at an affordable price.

Barry Morrison, president of Inveridge Development Corp., says a project of this caliber and for this price in the Columbia Valley is a rarity.

"Invermere is a hot real estate market and it's hard to find a reasonably priced vacation property," he says.

"Actually finding one for this price, located right in town with these fabulous views, is incredible."

The Your ROI concept is priced from as little as $27,000 for a 2 bedroom - 2 bathroom fully furnished condominium.

Now's the time to reserve Your ROI in your vacation home.

With more than 90% of the first Heron Point building already sold, it is expected the remaining suites available will sell out quickly.

Heron Point is located within 15 minutes of eight golf courses, and 20 minutes to Panorama Resort, Radium's Hot Pool and the Fairmont area.

Heron Point offers owners exceptional amenities such as a large open sitting area overlooking the lake from the second floor owners lounge.

Owners will also have use of a large function room w/kitchen area, and a comfortable kidney shaped outdoor pool&hot tub which has a fantastic view of the Mountains and Lake Windermere to the south. Change rooms and an exercise room on the lower level all make your home away from home, a pretty nice place to be.

You can check out Heron Point in Calgary, at the Heron Point Display centre on the second level in Eau Claire Market. Hours are Mon - Friday 11-7 p.m., Saturday 11-5 p.m., Sunday 12-5 p.m. Or if you feel like a three hour scenic drive through the Rockies, visit the Heron Point furnished show suite in Invermere B.C. on Friday and Saturday 11-5 p.m. and Sunday 12-4 p.m.

-John McKenzie is a Realtor(R) with Royal Lepage Foothills and can be reached for further information at (403) 225-5000. Or visit www.yourROI.com for further information on Your ROI and Heron Point.John McKenzie is in charge of sales and has had a recreational home in the Invermere area for the past 10 years and is familiar with not only the project, but the area as well.