Sale of Assets – Mount Baldy Ski Corporation & Related Companies Under Foreclosure

G-Force Real Estate Inc. (“G-Force”) is Marketing Agent for a secured creditor that has received conduct of sale from the Supreme Court of British Columbia under a foreclosure action to sell substantially all of the Assets of Mount Baldy Ski Corporation and related companies (“Mount Baldy”). The relevant Court documents are posted at the bottom of this page.

  • Mount Baldy Resort is located in
    the south Okanagan Valley of British Columbia (“BC”) just north of the Canada-US border and east of nearby Osoyoos and Oliver
  • With a base elevation of nearly 5,700 feet, the resort boasts one of the highest base elevations, most sunshine and lightest powder of any ski resort in the Okanagan
   Existing Resort

  • Two chair lifts and a Magic Carpet reaching 750 acres of skiable terrain, 1,300 vertical feet and 30 runs
  • Over 120 cabins and condos, and a day lodge
  • Phase 1 real estate development well underway
    Resort at Build-out

  • Master Plan approved by the Government of BC (“Province”) to expand the resort to a 4-season destination resort
  • 13 chair and other lifts reaching 4,400 acres of skiable terrain, 2,300 vertical feet and 150 runs, plus 5,500 acres for backcountry adventure
  • New summer recreation improvements, including an 18-hole golf course and water park
  • Compact pedestrian-oriented development of commercial and residential accommodation for about 7,800 visitors and residents

Assets Offered for Sale

  • Four development lots totaling 44.02 acres, of which 22 acres is over 90% completed
  • Personal Property – including ski lift equipment and related assets
  • Materials Contracts – including the Master Plan, and the Development Agreement (“MDA”) with the Province entitling Mount Baldy to develop the resort

Opportunity for Purchasers

  • Established ski operation with significant expansion potential
  • Income in short term from completion and sale of 22 acres of development land
  • Significant additional real estate development entitlements
  • Key government approvals already in place, including the MDA, OCP and zoning for the entire resort
  • An efficient process to quickly consider the opportunity and complete a transaction

Click here for the Sale Brochure, and here to download the Confidentiality Agreement for you to sign and return to G-Force. Qualified prospects will be provided access to the Confidential Information in our on-line data room and offered tours of the Resort and Assets.

Neil Atchison, P.Eng.
Associate Director & Associate Broker
Gary Powroznik, FCA, CIRP
Managing Director & Managing Broker

DISCLAIMER: Any and all information or documentation obtained by any Interested Party has been prepared solely for their convenience and is not warranted to be accurate or complete.


Court Orders and Related Documents

 Order Nisi dated July 14, 2014

Immediate Order for Conduct of Sale dated July 14, 2014