Family Run Ski Hill Up For Sale
A family paradise for only $2.9 million
A family-run ski hill in Ontario will not operate this winter after attempts to sell the business by its long term owners have failed.
Devil’s Elbow ski hill in the Peterborough area of Ontario, Canada, has been operational for 54 years but has been on the market for the past few. It’s owners say if a buyer does come forward it could continue to run.
According to local newspaper Peterborough Daily the ski area was established in 1963 by Velfrid Holmberg, an immigrant from Estonia, who left his homeland after Russia occupied it and lived to see his ski area celebrate 50 years in business in 2013, a year before his death. It has since been run by his son John but he is reported to have a “serious health issue.”
"After much consideration, we have made the extremely difficult decision to close down skiing operations," Mr Holmberg said in a statement, which continues, "We would like nothing better than to have someone purchase Devil's Elbow, take over the operations and develop it into a year-round recreational facility.”
The real estate website Zolo.ca had a listing price of $2.9 million for the resort which has 14 runs with six chairlifts (four quad and two double), as well as snow-making and grooming machines.
Patrick Thorne, also known as the Snow Hunter, is an industry expert in all technical developments in snow sports. In addition to his work Patrick is also father and knows the importance and fun of kids on snow.