I Just Got Home From the Muskokas (Cottage Country)
 

Had a great weekend at my friend's cottage and had a relaxing time... I picked up some real estate information while I was up there and was absolutely FLOORED by the prices...

Check out some of these listings

3 bedroom, 2 bathroom house that's old as shit for 1 million! LOL! Sorry they call it "rustic"

http://www.mls.ca/PropertyDetails.as...ertyID=3508401

4 bedroom house with 2 islands for 10 million

http://www.mls.ca/PropertyDetails.as...ertyID=3706599

Pretty insane huh? And you thought LA, San Diego and Miami were bad ;)

DH

The Muskoka's are insane for cottages. I don't think you could get a boat house for less than 400K

:helpme

Cottage country has some really inflated prices. I would assume because a lot of people rent them out during the summer months so they can sell for more than a regular house.
WG

Dude it's not even that, it's all the bay st rollers that are up there.. Go up to Bala or Port Carling, you will see every exotic car known to man! It's like Oakville north up there...

It's quite the scene

DH

I've got friends who live in Bracebridge so I keep an eye on the prices and market up there. I find 2 things really interesting about it. It has grown steadily over the past 20 years with a constant up swing, even though 2 recessions and the housing market is incredibly diverse. Everything from secluded no-electricity cabins, right through to large apartment buildings make up cottage country now.

Even with the inflated prices, I think that there are still "niche" opportunities up there. I've often thought that if I had some extra cash that buying a small place out of the main areas and marketing the hell out of it in the city would make for a reliable source of income. Do a little bit of work to it each year and eventually turn it into a family cottage when the morgatge is paid.

However, I thought of this almost 5 years ago. Motivation is the key to real estate, I guess.

robx bracebridge is nice.. damn santa's village is there..

we have a cottage up in huntsville (im sure u know where that is) and the place has changed so much... we got lucky cause its a small private lake but as you go towards gravenhurst and bracebridge and the general areas its just nuts now..

Take a peak at downtown hunstville now compaired to 3-4 years ago and its just blown right up..

http://www.naughtyinc.com/cottage/images/IMG_5040.JPG

edit: thought i would toss a pic from early july when i was up there :P

daytime
http://www.naughtyinc.com/cottage/images/IMG_5084.JPG


can i invite magnus up so i can take him for a lil tube ride? lol

and for the cheesey "look i figured how to use the remote timer pic"
http://www.naughtyinc.com/cottage/images/IMG_5033.JPG

Waterfront properties have gone insane EVERYWHERE. Property alone up at Lake Blue Ridge (a nice boating lake but certainly like being on the ocean or anything) goes for $300K+ an acre easy - and that's out here in the boondocks!

View property on the top of the mountain I live on is going for $75K for 1/2 an acre. Crazy stuff.

I live on a "lake" but it's a more of a really big pond ;)

Robx, you're right. There's still a lot of areas you can pick up relatively cheap. We bought our lakefront property (between Baysville and Dorset) 3 years ago, and the value has increased by about 250% in that short time.

But, I'm also waiting for the bubble to burst; lol!