There's nothing like having a place you can go to after a long work week. A place you can get away to alone, with family, or with friends to relax and recharge. Having a cottage on some idyllic waterfront is something a lot of people wish for but can't get.
And we’re not talking only about Muskoka. Cottage prices are increasing everywhere, just like prices for standard homes in cities other than Toronto or Vancouver, largely thanks to boomers (that may not be downsizing after all). That said, there are still affordable areas that are just as nice-looking as Muskoka – and not much farther away.
While the demand for residential houses increases and more people look towards alternative homes the cottage industry is becoming more appealing as more than just recreational property. As prices rise, more people are looking for places further away from the urban centres where you can still find a cheap cottage. Some might not be the lakefront property areas, but they still provide a great way to invest in the Canadian property market. So where are the best cottage areas in Ontario that aren’t Muskoka? Let's look at 5 rising stars.
Haliburton is located north of Algonquin Park, just 2.5 hours from Toronto. It has experienced a 40% increase in property prices over the last year. With over 27 lakes located in the area, it's pretty easy to score a premium lakeside cottage. Waterfront cottages are available. Browse Haliburton cottages here.
Communities like Bancroft are getting some attention in the current market. Located midway between Toronto and Ottawa in the Ontario Highlands, Bancroft offers a chance for property buyers to get in on the cottage market at even lower prices that you would get in Haliburton. Bancroft has to be one of the few remaining places where you can get cheap cottages for sale in Ontario. Browse Bancroft cottages here.
3. North Kawartha
The North Kawartha area is located 2.5 hours from Toronto. In recent years, there has been a surge in property prices as more people move into the area and not just come as seasonal visitors. Cottages in this area are by no means cheap. Kawartha offers a lot of lakeside properties and is quite mild, laid back and very picturesque. It has been a favourite amongst a lot of retirees who are looking to embrace the cottage life year-round. North Kawartha is one of the best cottage places in Ontario. Browse North Kawartha cottages here.
Gravenhurst is located two hours north of Toronto in an area with lots of waterfront properties. There are other cheaper options that you can find. The area itself is beautiful and has that idyllic cottage feel about it. Gravenhurst is also conveniently located near the beautiful Southern Ontario with all its natural beauty and marvels. Browse Gravenhurst cottages here.
5. Georgian Bay
Georgian Bay is another area that’s about a 2.5-hour drive from Toronto. The area is well known because of the city of Owen Sound which acts kind of like the regional hub for local areas like Sauble Beach, Tobermory, Meaford, and others. Most of the cottages sit on the waters of Lake Huron and Georgian Bay itself, but there are also a couple of smaller lakes that offer waterfront property opportunities. Browse Georgian Bay cottages here.
Making an investment in the cottage property market is easy with any of these areas, and the views are guaranteed to impress!
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