The first units of the Qualico’s Headwaters project will be welcoming their new owners to Kenora’s waterfront living experience this summer.

A groundbreaking ceremony was held in September for The Current, the first of five high-end-condominium buildings planned for the site on Lakeview Drive at the entrance to the west branch of the Winnipeg River.

Qualico acquired the prime lakefront property, formerly the location for the Kenora paper mill staff house, in mid-2008 from Abitibi, which had begun decommissioning the Kenora paper mill and selling off land assets in the community.

Site clearing began immediately, but actual building construction was dependent on the pre-sale of units for the $54 million development.

With the initial pre-sale hurdle cleared, the company officials said at the groundbreaking that they expected interest in the project to escalate once potential buyers can view actual buildings rather than just plans on paper.

The Current will have 10 units including a penthouse with underground parking. Pricing for the units in The Current begin at $474,778 according to Qualico’s website for the project – http://www.headwatersliving.com The project will eventually include 90 luxury units in five buildings with prices varying from $375,000 to the million-dollar range, with boat docking and other on-site amenities.

Source: Lake of the Woods Area News, March 2010