With warmer weather approaching, the search for beach and waterfront homes has gathered pace. Those with flexible resources will have plenty to choose from, but what about buyers on a tighter budget?Nanaimo, B.C.Nanaimo’s average home price rose by 38 per cent, reaching $887,700 in March according to Jamie Wicks, of Sims Real Estate Group. Even so, there are still options for less than $500,000, though they sell quickly.
“You just can’t beat the location,” said Dan Webster, sales representative with Fundy Bay Real Estate. The house has been on the market for half a year at a list price of $249,900, but Mr. Webster said there’s no rush to sell because, with prices on a steady rise, the property will look a better and better deal.
Built in the early 1980s, Mr. Webster said this 980-square-foot house used to be a summer cottage and is suitable for those that want to transform it to be liveable all year round. “[For anyone] looking for that kind of beachy feel without having to pay for waterfront prices, it’s a great opportunity,” said Stacey Jensen of Peggy Hill Group Realty Brokerage. The house, listed at $448,000, is also within easy reach of other amenities: “It’s only maybe an eight-minute drive out of Orillia, and it really has become really popular in the last couple of years.