We have discussed Recreational Real Estate before in one of our blogs and the question now is: Can you buy a recreational property in the City of Victoria? The answer is Yes!
Victoria Real Estate is not only being purchased as principal residence. We have many clients that have bought a condominium in Victoria as their place to go and relax. When most people talk about the cottage or their recreational property they think about a place on the lake or on the ocean.
There are many benefits of buying a condominium in Victoria as a recreational property. We call it a “Cottage in the City” or the “Urban Cottage”. Here are some of the benefits:
- Easier to maintain (or have someone maintaining it)
- Easier to get to via, car, air or sea.
- Excellent re-sale value
- All the amenities next door, including, theaters, coffee shops,
- You can do out-door sports or recreation all year around
- Great fishing.
- Three hours drive to fantastic skiing on Mt. Washington
- Some of the best boating in the world.
- Golf all year around
- Whale watching
- Easy to rent out
- Lower insurance costs
- Easier to finance
There are many more benefits by purchasing your “Urban Cottage” right here in Victoria.
Our company Royal LePage has just launched a podcast called Royal LePage Recreational Property Report Podcast . This podcast provides valuable information for buyers looking to invest in the recreational property market.
Phil Soper, president and CEO, Royal LePage Real Estate Services, and Joan Dalbianco, vice-president, Real Estate Secured Lending TD Canada Trust, provide consumers with useful tips on property prices, trends and financing. Listen Now.
Real Estate is in our opinion one of the best investments you can make, and we will discuss the benefits of owning investment properties in a future blog.
Anders Treiberg, Associate Broker, REALTOR®
Properties in Victoria Professionals-Royal LePage Coast Capital.
Anders Treiberg has been a REALTOR® in Victoria since 1990. He has extensive Real Estate Expertise and can be reached on his website www.PropertiesInVictoria.com of via email at anders@PropertiesInVictoria.comAll Articles More Like This