The types of properties available in the Muskoka Region
Sunday Jun 25th, 2017Share
For many people, the idea of a home or cottage in the Muskoka region is a dream come true. This area has not only long been a sanctuary for those wanting a get-away surrounded by pristine lakes and beautiful old forests, but it has become the place to be for Hollywood stars, top business executives, and even the hockey players of the Toronto Maple Leafs. You can get a taste of what it would be like to live here by paying a visit and either renting a cottage or even booking a week at one of the many family friendly resorts available.
The top three prominent lakes you’ll find in the Muskoka area consist of Lake Muskoka, Lake Rosseau and Lake Joseph. The area is inland (but nearby) to Lake Simcoe and the beautiful Georgian Bay. The amount of year round residents’ numbers around 60,000, but the area is flooded with seasonal visitors who either own cottages, second homes, or rent.
If you’re searching for a property, you’ve got a whole variety of home types to look at, from apartments to homes, to cottages. You also have the chance to rent, own your own property, or take a gander at the numerous partial ownership opportunities.
Generally if you want to rent an apartment or condo in Muskoka, you’ll find them within town limits. Conveniently located within close proximity to schools, shopping and trails, these rentals include appliances and typically include the utility bill with the rent price. You’ll find places to rent by the week, or for longer rental periods of up to a year at a time, with potential for negotiation.
Homes come in all shapes and sizes, and you’ll find a lot of them within the town’s boundary, tucked into woodsy sites, or even on the waterfront, usually with their own docks and often times their own boathouses included in the deal. Home prices have certainly risen in the last few years, especially since Hollywood royalty and other wealthy visitors have knocked down old cottages and built larger estates in their places. If you’re hoping for a waterfront, you’ll pay a heftier price than you will if you find your dream home either in town.
You can still find the (although admittedly more rare) small cottages for sale, but you’ll want to jump at the chance to put in your offer as properties large and small are highly coveted. Some cottages look like homes, while others have retained their old cottage charm.
If you don’t have the resources for the purchase of a home or cottage on your own, being part of a fractional ownership might be a great option for you. In this scenario, you and at least one other party co-owns a property and then come up with a fair schedule through the year in which each determines when they’ll occupy the home. This may open doors for new opportunities to buy a larger estate, or even a smaller one with a gorgeous shoreline.