LAKE OF BAYS REAL ESTATE
Lake of Bays Real Estate treasures can be found nestled deep in the northeast part of Muskoka, Ontario. The Lake of Bays area is rich in natural landscapes – it is composed of forests, lakes, wetlands and rocks. Due to the abundance of natural beauty, the area is a vital tourism and recreation target in Ontario. The current economy of tourism and recreation is thriving, and as a result provides great potential for owning Lake of Bays real estate. The lake is the second largest lake in Muskoka and boasts 106 miles of shoreline. There are a few lovely villages and communities dotted around the lake.
The area of Muskoka is the ideal place to experience the "Cottage Country" of Ontario, Canada. Nature lovers can realize their dreams by experiencing true fresh, clean air and water. Located within minutes from the Algonquin Park and only two and a half hours from Toronto, Lake of Bays real estate is the ideal option for families who love the outdoors.
The region lends itself perfectly for canoeing, hiking, fishing, paddle boating, and bicycling, or even a quick swim in the lake. The temperature of the water is around 60 degrees in June and gets even more comfortable by July. A drive around the Lake of Bays countryside can often lead to sightings of moose, black squirrels and deer to thrill the whole family. For the birdwatchers, there are numerous species of birds like the Purple Finch, American Robin, Turkey Vulture, Eastern Phoebe, and Downy Woodpecker, to name just a few that can be found in the area. Many of these species can be seen around the Lake of Bays cottages without any extra effort. In the winter, snowmobiling, ice fishing, skiing, and snowshoeing are the common fun pastimes.
The whole area is exceptionally peaceful with a permanent population of approximately 3,570. The seasonal population soars to 18,000 individuals spread out over 660 square kilometers. The seasonal visitors love to maintain Lake of Bays cottages to use as summer homes for family vacations. The retirement crowd are steadily converting their cottqges to a permanent home or just buying property and building a retirement residence for themselves, this scenario contues to grow in popularity.
There are several points that influence the price of Lake of Bays real estate that potential customers should keep in mind. A cottage on a lake of moderate value like Lake of Bays, is more valuable than a cottage on the smaller lakes. This is because Lake of Bays real estate is situated on a motor accessible lake and this is more valuable than Lake of Bays cottages on smaller Muskoka lakes, which often limit motor boats. Also, it's a good idea to check if the lake is isolated or connected to other lakes by a canal or river. The greater the connection with other bodies of water, the greater the value of the cottage.
Another important consideration is the tax on waterfront properties. Properties that are not directly located on the waterfront, but within a few minutes of walking distances have considerable less taxes. Properties that are located on the lake shores have hefty property taxes associated with them. So if paying hefty taxes is an issue, it might be a good to search for a cottage that is near the water and save a lot of money in taxes to spend on other things.
There is a large variety of Lake of Bays real estate properties to select from. For the larger family, there are numerous four and five bedroom family Lake of Bays cottages. Most cottages offer stunning views of the lake, as far as the eye can see. There are spacious kitchens, living rooms with fireplaces - even cottages with perennial gardens. Lake of Bays cottages offer grand sunsets, magnificent open views with plenty of privacy. Cottages range in price from $600,000 to $1,000,000 and offer a mixture of open meadows and wooded terrain the whole family can enjoy.
Smaller two to three bedroom cottages are also available on the lake shores. The Lake of Bays real estate selections ranging in size of 1.5 acres and having a covered area of 1,500 sq. ft. can be acquired from $275,000 to $400,000. The cottages provide peaceful settings and hardwood trees spotted with granite bluffs. Some of these cottage properties are located on roads maintained year round by the municipality. Many of the homes blend the modern amenities of today with the warmth and charm of years gone by.
Are you up for an exciting challenge? There are plenty of lots available that would be ideal for pitching tents and roughing it. On the other hand, should you choose to build on these lots at some later stage, that too is an excellent direction. Lake of Bays offers numerous opportunities to spend memorable time with the family and own valuable Lake of bays realestate investment property.