We’ve been reminding people for years that buildings come and go, but the property doesn’t. When viewing cottages for sale, people typically spend too much time in the buildings and not enough outside.
I saw one today that is good value. In a great neighbourhood of $2 million plus, yet it is priced at $825, 000; mostly because it is a small (1000ft2) cottage.
For this price, one can get south Lake Joseph, prestigious neighbourhood, SW exposure, level lot, pristine water and hard sand bottom.