Bid Deadline Extended for Coveted Capes Lake Property

Although the initial bid deadline for TimberWest Forest Corporation's Capes Lake property was on November 8, it has been extended to January 17, 2008.

Newport Beach, CA (PRWEB) November 18, 2007 -- Although the initial bid deadline for TimberWest Forest Corporation (http://www.timberwest.com)'s Capes Lake property was on November 8th, it has been extended to January 17, 2008.

LFC.com (http://www.LFC.com/686R5), the real estate auction website and part of the LFC Group of Companies, originally offered the Capes Lake property, along with five other parcels of forest land on Vancouver Island, for TimberWest via an online auction.

"There has been a significant amount of interest for this gorgeous mountaintop property, but just no acceptable bids according to the seller, TimberWest," comments Bill Lange, President of the LFC Group of Companies. "Since this is a reserve auction, TimberWest has the option of accepting or rejecting any sealed bids that do not meet their release price. This property is of great value to TimberWest, and the first round of bids did not bring them a buyer that they felt regarded the property as highly as they do. We are extending the auction in order to give those interested prospective buyers another opportunity to make an offer that better reflects the property's worth."

Capes Lake (http://www.LFC.com/686R5) is a one-of-a-kind 12,000 acre mountaintop parcel offering pristine forest, cascading waterfalls, serene private lakes and unsurpassed views of picturesque Georgia Strait. Located just 350 km (217 miles) from the City of Victoria and adjacent to Strathcona Provincial Park, this slice of Canadian wilderness would be an ideal legacy property and a perfect addition to any exclusive real estate portfolio.

With the new bid deadline of January 17, 2008, interested parties and potential bidders, including those who were unable to bid the first time around, have plenty of time to visit www.LFC.com/686R5 to review detailed information about the property and register to bid.

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