There are a number questions that as a buyer, you should know to ask when considering a purchase of a waterfront property. The Niagara region offers a variety of types of waterfront properties beginning with the South shores of Lake Ontario that borders along Niagara-on-the-Lake. Also, the world famous Niagara River Parkway, known for the picturesque drive along the Niagara River, offers a waterfront ownership that differs greatly from owning a lakefront property. There is also the North shores of Lake Erie that runs in the southern part of the region in the Fort Erie, Port Colborne area.
Here are a few points that you should consider while doing your research for waterfront homes. It is important to know whether or not the property includes riparian rights. This means that the subject property has on title a portion of the property that extends into the water. The landowner does not own the water itself but instead enjoys a right to use the water and its surface. Here is a list of questions and points you should consider while gathering information.
- Whether or not the current septic system meets current environmental rules and regulations. There are strict regulations that have been implemented over the years to protect the natural habitat both in-ground and water quality. Some of the environmental rules may dictate that the buyer must install an up-to-date system.
- You will need to investigate the quality of the potable water supply that is in place.
- Another point to remember is whether or not the road to the property is open year round, if the property owner pays road fees or if the roads are maintained by the city. Have you considered driving to the property at night to experience access without street lights?
- An often overlooked factor is whether or not sunsets are important to you. Some waterfront properties’ location may or may not offer sunsets. You will need to determine the angle of the sunsets if you are looking at a North shore property.
- You must also inquire on the state of the shoreline protection if this is in place, as the owners are responsible to maintain any shoreline erosion that is involved with the owners shoreline property.
- Make sure to ask for a survey to avoid any future disputes with boundaries for neighbouring properties.
It is very obvious that purchasing a waterfront property differs greatly from other types of properties. I have facilitated the sales of many waterfront properties over the years. My experiences have proven to be invaluable and given me the confidence in assisting you with your dream waterfront home. Let me help you find your dream waterfront propterty in the Niagara Region.
