Want to buy a B.C. hot spring?

If anyone’s interested in owning a hot springs resort, there’s one for sale in the East Kootenays.

Credit: YOUTUBE

It’s not a typical piece of real estate. It includes Canada's largest natural mineral hot springs, a 151-room four-season resort, a downhill ski area, three golf courses, timeshare stratas and 190 RV lots, according to the listing, and will set you back roughly $50 million.

The property is on a very scenic location in the Columbia Valley. It comes with 1,229 acres – 668 of them are not developed but have been designated to be.

Fairmont Hot Springs Resort is described in the listing as the centrepiece of the community, and also "a strategic entry into the coveted resort market in Canada."

Credit: YOUTUBE

Susan Clovechok, the director who represents the community through the Regional District of East Kootenay, said one prospective buyer has met with her to get a better understanding of what ownership would entail.

For anyone seriously considering purchasing the resort, she said it’s important to understand how fundamental its role is in the community. And not just as a major employer.

“So many of our full-time and part-time residents are here because of the Fairmont Hot Springs amenities,” Clovechok said.

“The reason why many people purchase here is because they came here as a tourist, and probably as a customer of Fairmont Hot Springs Resort.”

Clovechok is hopeful the new owner will be somebody who vested in the community.

The resort was listed as of last week, although it has since been taken down. 

A video of the listing is still up on Colliers' YouTube channel.

It's still for sale but after getting media attention last week, the clients suggested to the realtors that they “lay low,” said Mark Lester, the contact on the listing. He did not offer any further comment.

The sale price just says “$ Call” but Lester told CBC last week the price range is somewhere in the ballpark of $50 million.

Credit: YOUTUBE


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Dan Walton

Before joining the ranks of InfoTel, Dan’s byline could be found in newspapers in Penticton, Peachland and Oliver. Prior to his arrival in the South Okanagan, he first sharpened his chops as a reporter at a radio station in Brighton, Ontario, and then newspapers in Tisdale, Saskatchewan, and Invermere B.C.
From quilting competitions to crimes against humanity, Dan isn’t afraid to cover any topic. Always seeking out the best angles - whether it’s through the lens of his camera or the voices of his Interviews – he delves into the conflict and seeks out the humanity in every story worth telling.
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