#1202 -360 WATSON ST W, Whitby, L1N1A3
360 Watson Street, Whitby, Ontario L1N1A3
#401 -650 GORDON ST, Whitby, L1N0C1
650 Gordon Street, Whitby, Ontario L1N0C1
27 TRILLIUM BEACH Drive, Puslinch, N0B2J0
27 TRILLIUM BEACH Drive, Puslinch, Ontario N0B2J0
#509 -150 WATER ST N, Cambridge, N1R0B5
150 Water Street, Cambridge, Ontario N1R0B5
17 GOLDEN POND Road, Puslinch, N0B2J0
17 GOLDEN POND Road, Puslinch, Ontario N0B2J0
150 WATER Street N Unit# 509, Cambridge, N1R0B5
150 WATER Street, Cambridge, Ontario N1R0B5
Why It’s Great to Have a Home on or Near a Waterfront
Hello! Welcome to the WRX Property Group website and blog. The idea of a waterfront property, or a home quite close to a body of water, has been romanticized over the years, and not without reason: waterfront properties can be a very worthwhile investment indeed.
Let’s explore some of the advantages to owning such a property.
What Waterloo Water?
Many of the ideas explored in this article will apply to any home near any waterfront, in any location. But as WRX Property Group is based in Kitchener-Waterloo, and we focus on this region and the surrounding area (including the cities of Cambridge and Guelph), let’s look a little more closely at some of the water bodies here.
There are many rivers, creeks, reservoirs, ponds, lakes and more in this area. Major attractions include Hespeler Mill Pond in Cambridge, Guelph Lake (and Guelph Lake Conservation Area), Laurel Creek Reservoir (and Laurel Creek Conservation Area), and the lakes in Uptown Waterloo and Downtown Kitchener (Silver Lake and Victoria Park Lake, respectively) – just to name a few.
Arguably, the most important body of water to the region is the Grand River. The river has many notable tributaries (including both the Speed and Eramosa Rivers, which stretch from Cambridge all the way east past Guelph).
The Grand River is a huge part of Kitchener-Waterloo’s identity, and just another part of what makes it a great city. It stretches from Lake Erie all the way north to its headwaters in the area near Dundalk, Ontario (280 kilometers in total!).
Let’s look at the advantages of owning a waterfront home.
What makes a waterfront home (or a home near to a waterfront) worthwhile? Well, quite a few things. It’s impossible to ignore the financial aspect and implications, so let’s dive into that first. Waterfront properties do cost more than comparable homes that are further away from any bodies of water.
And properties that truly back onto water can be even more expensive than those that are simply close to a body water, or separated from it by a tree line. They cost more for two primary reasons: many people enjoy living near water, both for the aesthetic appeal and for the various activities that rely on large bodies of water.
Secondly, they cost more because there can only be a finite number of waterfront properties in any given city. In Kitchener-Waterloo, for example, the Grand River stretches from well below the southernmost part of Kitchener to well above the northernmost part of Waterloo, but it’s limited to the eastern extreme of each city.
Despite its size, only a handful of neighbourhoods have direct access to the Grand River, and even within these neighbourhoods, only a handful of homes would truly qualify as ‘waterfront’ – and several dozen more would qualify as ‘nearby.’ The real estate market in Kitchener-Waterloo (and, indeed, the real estate market in general) is like any market: scarcity confers value.
By investing in a waterfront home – or a home near to a waterfront – you are investing in a property that will consistently retain both demand, and monetary value. It’s not a coincidence that the Waterloo neighbourhood of Laurelwood – one of the most sought-after areas in the entire region – has local access to the incredible Laurel Creek Reservoir.
Activities: 1) Row, Row, Row Your Boat: Watercrafts
We mentioned the fact that living near a body of water opens up the opportunity for a wide variety of fun activities; let’s explore a few of these more fully. If you live near the water, then it’s a great idea to purchase a watercraft of some sort.
Canoes aren’t necessarily cheap (smaller, entry-level canoes will likely cost upwards of $250, with nicer models running into the thousands), but they’re a great investment that can serve you and your family and friends for years to come.
Kayaks are incredible as well, and they have the twin advantages of typically being more affordable and easier to store. Depending on the size and type of water body your property is close to, other types of watercraft may be available – or even advisable – but canoes and kayaks are great in part because of their inherent versatility.
The Grand River is fantastic for smaller watercrafts: solo, partner, or team voyages on canoe; exploring with friends in separate kayaks; floating around in a pedal boat – it’s entirely up to you.
2) One Fish, Two Fish, Red Fish, Blue Fish: Fishing
For anyone who loves to go fishing, by backing onto a body of water, your hobby/pastime/means-of-acquiring-fresh-fish-for-food (M.o.A.F.F.f.F. for short) can become a daily activity. According to the Grand River Conservation Authority, “The Grand River and its tributaries offer world-class recreational fishing.
Whether you’re fly fishing for trout, trolling for walleye or dropping a line in search of catfish, you can find what you want in the rivers, streams and reservoirs of the Grand” (GRCA). Indeed, the Grand River watershed (of which the Speed, Nith, and Conestogo are all part) features over half of all of the fish species in Canada!