Cowichan Condos continues to work with the L7 Architecture on concepts for the project. In keeping with the natural beauty that surrounds the development; L7, Michael and Ben are coming up with some very original and ingenious approaches to the design.
The project has gained some interest. Professor Bruce Firestone, the former NHL Ottawa Senators’ owner, who has completed over a billion dollars’ worth of real estate transactions, is extremely confident and supportive of Cowichan Condos Inc.’s vision to construct 777 apartment units to alleviate the housing crisis in the valley. He presented via Zoom on the development; if you have missed the presentation, please let us know. We will send you a copy of the video.
The development has also gained some publicity as posted on Google and Yahoo Canada news:
https://finance.yahoo.com/news/vancouver-island-210-million-real-094000584.html
https://ca.news.yahoo.com/vancouver-island-210-million-real-094000584.html
We are all impressed with the interest the project is gaining.
- All Mortgages are open and pay you 5% Interest on 1st ’s and 10% on 2nd ’s
- Bonus % of Equity ownership into Cowichan Condos Inc that owns the entire project projected to be worth over $200 Million [MAD RIVER FORMULA]
- Additional Bonus /Premium! Stewardship has its benefits! You get the use of a beautiful, fully furnished 3-bedroom penthouse apartment with gorgeous rolling farmers’ fields and mountain views.
| Property Address | Phases | 1st Mortgage | % Bonus | 2nd Mortgage | % Bonus |
| 6495 Paddle Road | Phase 1 | $ 2,000,000 | 2% | $ 700,000 | 1% |
| 6493 Paddle Road | Phase 2 A | $ 1,000,000 | 1% | $ 400,000 | 1% |
| 9694 Paddle Road | Phase 2 B | $ 500,000 | 1 % | $ 200,000 | ½% |
| 6478 Paddle Road | Phase 2 C | $ 1,000,000 | 1% | $ 400,000 | 1% |
| 6489 Paddle Road | Phase 3 | $ 2,000,000 | 2% | $ 700,000 | 1% |
| 6489 Ford Road | Phase 5 | Completed | $ 300,000 | 1 % | |
| Total | $ 6,500,000 | 6 ½ | $ 2,900,000 | 5 ½ | |
