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Condo Complex Adds to Asheville Real Estate



6/18/2008 - Condo Complex Adds to Asheville Real Estate

ASHEVILLE Robert Rice recognized the potential of Canterbury Heights as soon as he saw it. The location, just minutes from downtown, yet in the country, was perfect, said Rice, who owns the complex and is converting the apartments into condos.

The predominantly brick construction gave the buildings substance and character and the creative floor plans offered a variety of choices, Rice explained. Most importantly, the property could be purchased at a price that would allow us to offer high-quality, extremely affordable homes.

The apartments were built in the early 1970s. Rice, of Orion Realty Advisors in Brookfield, Wis., purchased the property two years ago and has been converting the units to condos as they sell. Several one-four bedroom units are available now, with prices starting at $74,000. The annual homeowners fee includes water, exterior maintenance and an insurance policy.

There is nothing like it this close to town, said Eve Burton, a sales agent with Beverly-Hanks. Its a good opportunity for people to become homeowners.

There are 26 buildings, with 4-6 units in each building, situated on 13.5 acres. It feels really spacious the way it is set out on the property, Burton said.

The property features plenty of trees, an outdoor pool, a 24-hour fitness center and a playground.

All of the amenities are newly constructed, Rice said. Pool construction is just underway and the fitness center and playground were recently completed.

Two pets are allowed per unit. There is no weight restriction on pets, but they must be kept inside the unit.

I chose the name Canterbury Heights because Canterbury Tales has long been a favorite of mine and I saw some similarities between Chaucers group of travelers who banded together for protection, convenience and companionship while each maintaining their own agenda and the condominium form of ownership, Rice said.

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