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Looking to invest your money in a property that has the potential to give you a good ROI? If so, you may want to consider buying an investment property in Collingwood. This scenic town is located at the southern point of Georgian Bay, and is attracting plenty of buyers thanks to its beautiful scenery and abundance of recreational opportunities. Before you buy an investment property in Collingwood, however, there are 5 things you need to consider.

1) Collingwood Is a Year-Round Tourist Destination

There is always something to do in Collingwood, thanks to its many year-round attractions. From skiing and snowboarding at Blue Mountain Resort to exploring the town’s hiking and biking trails, Collingwood has something for every season. This makes it an ideal place to buy an investment property, as you’ll be able to rent it out all year round.

2) There Are Lots of Options to Choose From

Whether you’re looking for a condo, a house, or even vacant land, you’ll have no shortage of options to choose from when buying an investment property in Collingwood. This is perfect for investors who are looking to tailor their investment to their specific needs and goals.

3) People Love Waterfront Properties

One of the most popular types of investment properties in Collingwood are those that have waterfront access. Thanks to Collingwood’s scenic location, these properties tend to be in high demand and can often command a higher rental rate. If you’re looking for an investment that will give you a good return, a waterfront property is worth considering.

4) Building on Land Can Be Tricky

One of the nicest things about Collingwood is that you can invest in some acreage and have plenty of space to build your dream home or cottage. That said, building on land can be tricky business. 

Not only will you need to obtain the right permits, but you may also need to deal with local environmental issues or other kinds of red tape. You’ll certainly need to do your research, but you may also want to consider enlisting the help of a local expert.

5) A Local Real Estate Agent Will Help You Navigate the Market Most Successfully

While it may be tempting to work with an out-of-area agent, it’s not always the best idea. A local agent will have a better understanding of the market and can help you navigate the process more successfully. They’ll also be able to put you in touch with local experts who can help with things like building on land.

The Bottom Line

When it comes to buying an investment property in Collingwood, there are a few things you need to keep in mind. From the town’s popularity as a tourist destination to the challenges of building on land, it’s important to do your research before making any decisions. However, with the help of a local real estate agent, you can be confident that you’re making the best possible investment.

If you’re looking for an agent that knows the Collingwood area, we’d be happy to help! Click here to get in touch with a member of the Hawkins/Ryerse team today.

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