The 2012 Royal LePage Recreational Property Report provides a lot of information to recreational property sellers in the Greater Toronto Area on what exactly potential buyers might be looking for.
Potential buyers are looking for quiet recreational properties (55 per cent), while a surprising 38 per cent want their property available for four season use. One-quarter of potential recreational property buyers are mostly interested in the fishing and boating in the area.
What’s most important to current recreational property buyers as opposed to potential recreational property buyers is a bit different. For example, 57 per cent of people who already owned recreational properties wanted peace and quiet, while 46 per cent wanted four-season use.
“Recreational properties are an excellent way to bring families together and to help reduce the stress associated with city living,” said the president and chief executive of Royal LePage Real Estate Services, Phil Soper. “This type of real estate can also be a solid investment, particularly if you are interested in a cottage of cabin on the waterfront. Recreational property supply near Canada’s urban centres is fixed while populations grow. Much like when purchasing a home in the city, it’s important to find the recreational property that will suit your needs and your budget,” he said.
According to the report, waterfront, land-access properties in Ontario in 2012 range between $140,000 and $1,000,000.
This site is owned & operated by: Royal LePage Real Estate Services Ltd Johnston & Daniel Division,477 Mount Pleasant Road, Toronto, Ontario, M4S 2L9, 416.489.2121. The content is provided by a number of sources as referenced in the contribution list.