Like many, owning a second property to enjoy during the summer months is a dream. Picture the endless sunsets, refreshing swims, relaxing days at the beach, and countless evenings basking in the glow of the setting sun. It’s genuinely picture-perfect. Buying a second home can also be a stressful and emotional process. Real estate is a significant investment, particularly in the gorgeous Collingwood Blue Mountain area, which offers stunning views overlooking Southern Georgian Bay. To find the perfect property, it is essential to determine what you and your family hope to gain from a summer home.
We interviewed one of Collingwood’s most experienced realtors, Justin Bock of Bosley Real Estate. With his expertise and local knowledge, Justin can answer any questions and provide valuable tips to help you purchase your dream summer home.
Key Considerations
Evolve: Usage intent is crucial when looking for a summer home. What are some initial questions you should ask yourself when considering purchasing?
Justin: Finding a neighborhood-specific to your needs and fits your interests is valuable. Do you wish to use this property year-round or plan to use it seasonally? As a family, is it a property by the beach, close to the mountains, or within walking distance of the historical main streets? These are good questions to ask to get started.
What is the process of purchasing a summer home? Is it for your family’s personal use, or are you looking for an investment property for potential rent income? Future resale value is another question to ask your realtor. By having your family take time to answer these questions and clarify your objectives, you can streamline the process and make informed decisions that will align with your goals for your summer property.
Costs
Evolve: Various costs go into owning a second property that could be different from your primary residence. What are some costs to consider?
Justin: Maintaining and insuring a second property involves several ongoing costs that can significantly impact your budget. Regular maintenance is crucial to preserving the property’s condition and value, including routine tasks such as landscaping, HVAC servicing, pest control, and minor repairs, all of which can accumulate over time. Additionally, insurance is a critical component of owning a second home. Overall, the combined expenses of maintenance and insurance for a second property are essential to remember and should play a crucial role when finding your next property.
Amenities
Evolve: Finding the right neighborhood is critical. Why should people consider Blue Mountains when purchasing a summer home?
Justin: Neighbourhood Windfall at Blue Mountain is renowned for its exceptional amenities catering to a luxurious and active lifestyle. The community features an inviting residents-only clubhouse, The Shed, with a heated year-round pool, hot tub, sauna, and gym, perfect for relaxation and social gatherings. Beautiful, landscaped trails and parks also encourage outdoor activities such as hiking and biking. Proximity to the Blue Mountain Village offers convenient golfing and a variety of dining and shopping options, making Windfall an ideal location for seasonal and year-round living.
Rentability
Evolve: Renting out property in Collingwood and The Blue Mountains can be highly lucrative due to the area’s popularity for tourism and outdoor activities. What are some key things to remember when renting out your property?
Justin: Short-term rentals are permissible but regulated to maintain community standards. Property owners must comply with local bylaws, including obtaining a short-term rental license, adhering to occupancy limits, and ensuring proper property maintenance. Understanding and following these regulations is crucial for a successful and legal rental operation in these regions.
In Collingwood and the Blue Mountains, bylaws governing short-term rentals are designed to balance tourism benefits with community standards. In Collingwood, short-term rentals typically require a business license, compliance with safety regulations, and compliance with occupancy limits. The Blue Mountains has more stringent regulations, often requiring properties to be registered, inspections to ensure safety and fire code compliance and adherence to strict zoning laws. Both areas enforce noise and nuisance regulations to minimize disruption to permanent residents. Owners must stay updated on local bylaws to ensure their renters remain compliant and avoid penalties.
Evolve: Can you give us an idea of the real estate pricing in the area?
Justin: Purchasing a summer home in Southern Georgian Bay is more than an investment; it’s an opportunity to embrace a lifestyle of relaxation, beauty, and unforgettable experiences. By pairing up with a seasoned, knowledgeable realtor, you can confidently navigate the market and make the right decisions to ensure your dream summer home becomes a reality. Here are some examples.
Available Properties
104 Black Willow at Windfall.
$1,679.00
Single Family Residence
The Blue Mountains, Ontario
4+1bd, 5ba, 2,940 sqft
A walk away from The Blue Mountain Village
Available Properties
116 Dorothy Drive
$2,749,000
Single Family Residence
Clarksburg, Ontario
4+2 bd, 5ba
3,045 sqft, + 1,190
ABOUT JUSTIN BOCK:
Growing up visiting The Blue Mountains, Justin Bock always felt a deep connection to the area. This bond led him to make a move to the Blue Mountains full-time, where he now thrives as a dedicated real estate agent. Justin combines his local knowledge with a passion for helping clients find their dream homes in this beautiful region.
An avid skier and active community member, Justin enjoys exploring the slopes and participating in local events. Whether you’re looking to buy or sell a property, Justin’s commitment and expertise make him the perfect guide for your real estate journey in the Blue Mountains.
