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HA TON HILLS OUTLOOK Friday June Page IS Real Estate Outlook Waterfront sites cottages boom in value Strong demand and shortage or waterfront properties listed lor sale In most major Ontario recreational areas have put upward pressure on prices in according to the latest Town and country Pro perties survey from Royal Heal Estate Servicer Ltd Out of areas close to half reported a relatively low supply of vacant lots listed for sale in eluding the BorrlcSulton and it Lawrence River areas Since 191H we seen a steady increase in number of sales arid the average price of properties says Vice President and General Manager Residential Ileal bee vices Eastern and Northern On Prices In some areas have almost doubled compared to 1984 The increase in popularity can be atlricuted to a number of actors most notable the decline in Intirest rates and the fact that demand for waterfront property Is greater than the supply of good listings par ticularly in the low middle price ranges says Of course pines vary from one recreational area to another depending on the size of the lake and Ihc distance from major centres Other features that enhance values include j car round access to the property winterized collages type of frontage and exposure ms adds Sue Cumberland of Royal Town and Country Properties Depart According to Cumberland some of activity has occurred in prime areas such as Georgian thy the Lake the Thousand if la nils St Lawrence and I System In Hunts lieBurks falls urea Lake Bays and surrounding lake systems Start at between HO or a vacant lot and three bedroom winterized cot range 000 and Prices for waterfront pro perty on lakes in are lower with lots starting and colli pes be ween The low end of the price scale for a lot on the Muskokn Lakes is about 110ooo and while three bedroom winterized start at In the Parry Sound area Georgian Bay properties ore more moderately Lois range from while three winterized properties si at to I prices on smaller lakes in the inland Pirry Sound District are lower starting in the to 30 range while collides irt at The value of witer front property is in Hal districts In the Lakes area Lindsay Peterborough prices or waterfront lots whore begin at while the Property values best to make your money in Vancouver market price of three bedroom winterised cottages typically start at between 30000 and Trent River properties in same area ire more affordable starting from for lots and between and or cottages Vacant lots on the southern lip of Lake ire and values will depend upon Ihc Frontage and neighbouring properties In dwelling is more likely lo be a waterfront home while in Sutton executive retreats where one can commute lo Toronto are common Because of strong demand in the area the price of a three bedroom winterized cottage will run from up However Cumberland points that the value waterfront proper lies towards the northern end f Lake are 40000 for lots 1U or collages In taslern Ontario the St Lawrence River and the Lakes offer vacant lob sltualcd In the Smith Falls and Perth areas starting at and to 50 respec Three bedroom winterized cottages on the Lawrence River when start at between 100 while starting ranges on the Lakes Systems wilibcbctwecntTOOOO Prices quoted the Royal Lepage Town and Country Properties Survey reflect the median starting price ranges in each district based on both data and opinion supplied by Royal LePage Real Estate person HYUNDAI COUNTRY be obtained by con lading the Town and Royal LePage is Canada s leading Department 39 Don realtor with approximately ox Mills Ontario employees in more than Royal has close to 60 of and commercial offices in flees and associate brokers Canada and the United States and throughout the province of 1 a oversea Tasty Recipes FROSTY STRAWBERRY SQUARES 1 led all Horn cup brown cup II cl no mo eon Ion gar tor SPECIALS- GRATED PARMESAN SEASONED CROUTONS LB CHOPPED WALNUTS a that moke vour mom Since British real estate boom if Vm prices there have been rin are ready rebound I Midi Customer is for Diverse Iti Investment Belling lint dues in the Greater Vint ireawlll raptdlv 11 tie next or two Diverse which has local office in Ihi ana will connect with rcpulible real estate man institutions insurance brokers and Ink a comprehensive ingoing propertj management service like rent col lection finding suitable tenants anil Inspections a reasonable com pany will act as agents or investors who want lo capitalize on market but don have west coast lions or market know ledge The year old company has opened an office here specifically to interest buyers from the lira nipt on and outlying areas Many local homeowners have In creased their equity substantially during the real estate boom gained through real inflation is just like money In ihe bank Van Chaplin says is a good place to invest that equity Ken Johnson president of the Valley Real state Board predicts a buoyant real estate market for 1987 He expects growih with a percent price in crease over last ycir Record breaking bousing sales In Greater Vancouver during March have boosted quarter MLS sales for a whopping percent over the same period I The Canadian Home Builders Association are predicting that will top the growth forecast in Canada with a percent increase In housing starts Mike Murray Real Estate Invest Counsellor with Century In Quebec sees attractive buys In the West Residential markets In Calgary and Edmonton will be depressed but the Saudis will not keep world oil prices tow any longer than takes whip other producers into line When that happens look or another western oil by prices 4 SUBURBAN REALTY INC REALTOR St Bus 8775211 3D MKE ADAMS IP vB MIKE ADAMS SALES REPRESENTATIVE PRICE DRASTICALLY REDUCED A GREAT FAMILY HOME New wax free kitchen Moor trench doors lo freshly decorated 3 bedrooms 2 washrooms 4 2 piece downstairs Window coverings go with homo huge room with stove Great or kids large workshop for dad paved drive alum num soffits eaves This home shows to perfection 7150 GREAT ROOM FOR CHILDREN Show this fantastic 4 bedroom absolutely mint condition famly area of kitchen lor kids private backyard Great location Call Mike today Prestigious afreet 3 bedroom brick aluminum nestled on a ravine lot Very private 3 bathrooms double car garage mint condition to show Ihis home is a pleasure MUST SELL Three bedroom brick bungalow Pie shaped lot Carport Great location Mature trees J PRICED TO SELL Look at this bedroom very lew theses in town has lensulte this unit has huge closet space fantastic rr super location wo from R fenced backyard HOUSES NEEDED Call Mike for a personal and free evaluation of your home Not intended to solicit homes already listed