Welcome to 42 Degrees North Resort

Ellicottville

Welcome to 42 Degrees North, Ellicottville.

An exclusive yet friendly vacation real estate development. Just 24 hand crafted luxury homes are set in 144 forested acres that features the highest summit in Ellicottville. 42 Degrees North is the Natural Choice for anyone looking for seclusion without isolation.

42 Degrees North is proud to be a part of the Ellicottville real estate scene, but also to bring something new and exciting to the Ellicottville resort experience. 42 Degrees offers large lot sizes alongside communal facilities. Over 10 acres has been set aside as a communal area to feature a swimming pool and tennis courts. A network of hiking trails will traverse the property, transforming in to cross country ski trails in the winter.

Lowell Thomas dubbed Ellicottville the “Aspen of the East”. The New York Times more recently referred to it as “The Ski Town that Aspen Used To Be Like.” Either way, Ellicottville is a true ski town with excellent restaurants, craft breweries and bars where you can dance the night away! Of course, to be a ski town, you must have great skiing and Ellicottville has that in abundance. While it might not match Aspen’s vertical, Ellicottville does boast two fabulous hills in Holimont and Holiday Valley. Ellicottville real estate is also much more affordable than its western counterpart. Holimont is North America’s biggest private ski club and Holiday Valley is a public ski hill that consistently ranks among the top 5 Best in the East by Ski Magazine. You can thank Lake Erie and its lake effect for the very respectable 180 inches that is Ellicottville’s Average Snowfall.

Ellicottville was born as a ski town. However, it is increasingly becoming a four seasons destination. As the snow melts on the pistes of Holiday Valley, the fairways come in to view. The Double Black Diamond is probably the best known golf course in Ellicottville, but the area boasts a number of fine courses such as Elkdale, Springville and Ischua Valley. The mountain coaster at Holiday Valley offers thrills (and hopefully no spills!). National Geographic named Ellicottville one of America’s top adventure towns. The International Mountain Biking Association calls Ellicottville “epic”. The surrounding area offers fabulous fishing, boating and even white water rafting. Ellicottville boasts a year round schedule of festivals, headlined by the Fall Festival. The Fall Festival corresponds with Canadian Thanksgiving and is a wonderful combination of live music, good food and, of course, the stunning autumnal colours.

Ellicottville Real Estate

The Ellicottville Real Estate market is obviously highly focused around vacation properties.  There is a wide variety to choose from. There are ski chalets, townhomes and condos.  Holiday Valley consistently ranks as one of the Top 10 ski resorts in the East. By contrast, Holimont is North America’s largest ski club. Between them, they attract visitors from all over Eastern North America. Pittsburgh, Cleveland, Buffalo and all of Southern Ontario are the largest catchment areas. Approximately 40% of Ellicottville properties are owned by Canadians.

Ellicottville Rentals

Everyone who visits Ellicottville dreams of owning their own piece of Ellicottville Real Estate.  But it’s not always practical or possible.  Fortunately, there are a number of rental options.  Sites such as Airbnb and VRBO make it much easier for Ellicottville home owners to rent their properties and for visitors to find rentals.  As a result, the ability to generate rental income makes owning real estate in Ellicottville more affordable for those that are willing to rent their properties.  Moreover, people are even looking at vacation property as an investment.  In peak season, nightly rental rates can top $1000.  Of course, it’s not easy to give up those dates!

The Impact of the Canadian Dollar on Ellicottville Real Estate

Canadians own up to 40% of Ellicottville Real Estate. As a result, it is no surprise that the strength of the Canadian Dollar plays a major role in the Ellicottville Real Estate market. Over the last 25 years, the Canadian to US exchange has averaged around 80 cents. This figure was distorted, however, by the period immediately after the financial crisis. The Canadian banks were far less affected than their US counterpart. As a result, the Canadian dollar soared above parity. This is unusual, however, and for the last 5 years, the rate has remained relatively consistently around 75 cents.

Get in Touch!

With all that Ellicottville and 42 Degrees North has to offer, what are you waiting for? We extend a warm welcome to our town and our resort. We have homes for sale starting from $389,000 on a 5 acre lot. Call us at +1 647 702 1570 or email us at sales@ellicottville42.com.