South Georgian Bay is strong in tourism due the many extreme adventure opportunities, rating as one of Ontario’s best golf destinations, unrivalled nature, and unique culture. When you add in that there are things to do all four seasons of the year, you have a location that is ideal for considering purchasing income properties. Whether you are looking at real estate listings for your own vacation home, a home to lease out to visitors to the area, or a rental property for those that end up staying in the area, there are a few things to consider as you view the real estate listings.
The first thing is to determine how much experience and knowledge you have with the area. Even if you have lived here for several years, it wouldn’t hurt to work with a real estate agent so you can take advantage of their knowledge and resources from an income-producing aspect and how a visitor might perceive a home, condo, or cottage. Location is more important with income properties than it is your primary home because if you go with a property that is too far away from the types of activities a tenant would want, you could end up with a higher vacancy rate than you planned for. Condos can be an excellent choice, as there are also amenities that can be enticing.
If you would like some assistance finding income properties in South Georgian Bay from real estate listings, call on us at The Chris Keleher Team. We have the experience you need and knowledge of the area to help you find the perfect property. We take your objectives into consideration to provide you with a customized approach for optimal success. Contact us today to learn more.